TrevorWoosnam

TrevorWoosnam

Three touches on each side of the wedge, perfectly touched the uptrend line, as well as a storage report coming out after market close tomorrow. Due to falling wedge and bull price action since last march i am leaning long-side here, but do your own due diligence and watch the movement after the report. If price takes off upwards i would expect quite the move here.

TrevorWoosnam

As ranging sideways is highly unlikely due to Fed and USD, current gold move has two potential targets outlined above. The next week should shed light onto which path we will be taking. I am forced to be biased short-side here as USD is beginning to show increased strength again on multiple fronts. This is a re-post of an earlier idea to show the larger scale....

TrevorWoosnam

Watch for the potential second shoulder as dollar strengthens..

TrevorWoosnam

I'm not a fan of using the upper red trend line on this chart as it has very few touches (3 to be exact) in comparison to the one that Silver has already broken through. My thesis here is that Silver will be the out performer of the precious metals this year. Strength as Gold has been selling off and USD rising is unparalleled. We are currently at an area of great...

TrevorWoosnam

target on HVF is close to 2300.

TrevorWoosnam

Worth keeping an eye on the tightening range here.. A break has the respective HVF target in its direction. Targets line up surprisingly well with the extremes. I will be watching close to potentially start a position here in coming days.

TrevorWoosnam Updated 

Decided to publish my short term prediction on gold based on analysis of several currency pairs and convergence areas in the XAUUSD chart. In recent sessions we have seen significant deceleration in the current gold uptrend, including a break in the bottom of the channel that extends back to late December 2016. This, coupled with the current overbought state of...

TrevorWoosnam

Since beginning 2017 DXY has been in a measured cooldown period where the range was tightening. We have recently had a breakout to the upside of this measured retreat funnel. Contrary to many calling a top in the dollar, i believe it still has a bit to go. The movement may be choppy but target of 106 is very likely on the balance of probabilities.

TrevorWoosnam Updated 

So in case anyone was not aware, back in Nov 2016 EURUSD had a massive breakdown of a nearly two year long funnel. To make the situation worse, the bottom of that funnel extends back to 1895.. In the last month or so, we have seen a small recovery in price as the Euro has come back to test the bottom of that trend line through a slow grind higher. On 01/27/2017...

TrevorWoosnam

Huge bull move about to take place here... When i have found this set up in the past it has yielded insane returns. This also fits perfectly with the breakout yesterday in USDJPY, i do not advise shorting this.

TrevorWoosnam

For quite some time this year I have been trying to discern the reason behind the recent run in gold Simply put, if there had been no fundamental change in the global macro scene to support this movement, then i am forced to take the recent run at face value and call it fluff. DXY was in desperate need of a cool down period and gold was grossly oversold. Thus, in...

TrevorWoosnam

Seeing as we have had the start of a much needed retrace in gold and broken the old range to the downside, i would expect a test of the bottom of current range around 1173 before any attempt at a move higher. Rebounds continue to be weak and the buyers appear to be waiting for price to stabilize before stepping back in.

TrevorWoosnam

A break above or below either of the levels outlined in black should cascade price action in the respective direction. Until then, current three levels make for good trading areas.

TrevorWoosnam

Looking short-side on the S&P near term here with target of 2200ish within next month or two. Current trend identified and appears to be overbought at top of range.