The US Dollar Index is set to melt down even to a 100-or-below level, probably occur within the next two week. And I'm tired of pretending it won't. This is from a technical perspective, we will find out how accurate can this be. OAK
I think gold might be about to melt. This support and resistance just turned evident to me looking at the price on 4H. Although I'm bullish on gold, and I believe the price is set to break last ATH sometime soon, it might be stretching the slingshot a bit more for that to happen. We will find out soon I believe. OAK
Gold's price rose back to it's all time high value last Friday December 1st, then broke the ceiling on December 4th, at the Asia markets and week's opening. In a flashing escalade that lasted less than one hour, rocketing 77 dollars up from 2070, the price claimed a new ATH price at 2147 US dollars per pound . The correction followed since. We are looking...
XAUUSD Gold . The price liked some of the forecast analysis lines we published two weeks ago, nooding at and toching these slings on several ocassions. Dotted blue lines are four of the possible path directions I estimated for the price to continue its trend, published on September 29. I added one trend line here (not dotted). The trend path lines I sketched...
DXY USD Dollar Index trend lines, support and resistance level slings over a daily timeframe fibonacci grid. This is fun. And overly aesthetic. OAK
XAUUSD Gold trend lines, support and resistance level slings over a 4H fibonacci grid analysis preceding my price forecast strokes for the last quarter. A year away from my best trading day so far (23.09.29), I think I should have been posting my analysis way earlier. With great power comes great responsibility. Trade responsibly. OAK