I do believe XAU will move back to the $1800 area to retest this area of high market transactions, the next move I drew on has no proof yet but with market conditions it is highly possible. Wait for XAU to current area highlighted by the green lines, then we should see a strong move up as the DXY weakens.
DXY 8H chart shows some early signs of a potential change in direction, we witnessed the price go imbalanced and shoot higher, before losing steam, and presenting these wicks, I think we can look to short it back to the 200 day average. However the oppurtunities lie more in other currencies and commodities, I will attach below of EURUSD which has the possibility...
SPX is in a major reversal, with the FED tapering now and interest rates increasing, the market no longer deems this crazy market valuations as fair, and we are starting to see the big companies off load employees, and reduce their bills, this is a tell tale sign that the growth we saw post Covid is well and truly over, with staggering inflation worldwide, the FED...
GBPUSD breaks boundary of fair value, we can look to buy a break of the fixed range POC and aim back to fair value for a mean reversion set up, eyes peeled.
XAUUSD Daily is still in the range of fair price currently, but it seems the rising interest rates is seeing money leave to other assets, the upper boundary of the VRVP has been tested twice now and a strong double rejection, So have my eyes on the low at $1680, this level has lots of liquidity now, and if price breaks this level numerous stop losses are going to...
XAU Daily chart is presenting great short opportunities and we can use the fact that interest rates are rising as a potential indicator that money could move to Bonds and fixed income investments thus dropping the demand down and creating over supply in the markets which would cause a fall, another factor is rising $, as the $ rises there is occasion that will...
In trading especially in retail trading we have a massive focus on entries and very little focus on the context behind the trade, we focus alot on things such as indicators, or the perfect candle set up, but we have very little look into the context, so the fundamentals or catalysts behind the move in the first place, we tend to overlook this and focus purely on...
US inflation is very correlated with the extreme rallies we have seen in US stocks, Oil and crypto, FED are increasing rates frequently to counter this abnormal levels inflation show as the bar graph in my chart, one thing that is going to directly affect asset prices is rates, the dollar should look to gain strength too. So increased Inflation will see rising...