sagitis

sagitis

long here good stop loss position, the trend can also provide support if we could hold up. Once it hit 0.782 mark go short tp point B, then white horizontal line and trend line

sagitis

just a thought and found a cute cat bearish gately in mid term, probably a in final test of 150 before really down trend

sagitis

large time frame in yellow three drive to the bottom pattern small time frame in orange shark harmonic pattern both point to 1700 area, possible dead cat bounce before testing the bottom again

sagitis

I really doubt dxy go any further this year, 2.15 expansion really need to hold

sagitis

white is the potential leonard/bat harmonic pattern , the dotted and green line is potential three drive to the top pattern

sagitis

nenstar bearish, if 1660 and 1680 hold, we shuold be on the final rally for gold untill Powell go to vlocker mode wet dreams for gold bulls and 3 to 5 years of night mare

sagitis

we either fill the circle gap or not, Base on march contract gold aggressive strategy short at 1946 tight with sl loss and prepare to short again at 1963 sl at 1973 conservative strategy, wait price action at 1946 and start shorting

sagitis

Assume base on factor such as DXY back to 96.5 and people kept on buying US10Y , ( look at the latest balance sheet in fed, there are currently no signs in slowing the buy yet except December)

sagitis

special to xionlee spotting small time frame characteristic. (although he is bullish short term) Gold currently at its best risk and ratio position for shorting. At small time frame it tested the neckline and pulled back. At medium time frame gold retraced 0.618 from the previous peak. At large time frame we should be expecting a AB=CD trend SHORT: 1797, Stop...

sagitis Updated 

By the time of posting Jan gold contract have almost hit its November lowest price, Ideally we are this is a double bottom then a corrective bull rally before a nenstar bearish corrective move , current long wiill good profit and loss ratio. with partial cover longs along the way to around 1822

sagitis

This seems contradictory to the overall analysis, but true to the current oversold of gold and over buought of daxy. With the current buy the fking dip meme. Jsut flexible with your trade. overall Up side still limited

sagitis

Base on previous trend for every sizable $100 dump, gold either do another $50-100 dump or another retrace but eveytime the retrae is becoming less and less. Breaking the latest blue line , with proper intraday pattern should trigger algos another dump , else we should see sideway with limited upside.

sagitis

potentail bullosh gartely for golld , at current sell and stop loss position. The ratio are pretty good, the only problem is position X

sagitis

one interesting thing about tehnical analysis is sometimes it is ridicoulusly similar on how the the trend goes. Gold market reaction after it made double bottom in MArch and April, perhaps dxy wil make a similar move after the double bottom

sagitis

this is the last possible of gold reaching it last heigh base on bearish gartely, I doubt we will see a bulllish crab . PS I hate false break out , as far as I know grately dont allow them.

sagitis

The 93.0 to 93.5 resistance is very weak and dxy is supported by the double bottom, dxy should be heading a long stable uptrend good for swing trade I dont think my rising channel is not correct, it is to steep but the idea is there wonrg fib ratio should be 0.91 not 0.88, but 0.886 is very strong resistance

sagitis

for the current information base on this week latest low hitting approximate 0.618 retracement we have two bullish gartely scenario which are hitting possible resistance point and one bullish crab scenario which are meeting general down trend. Dont be suprised the scenario are combined reversal at D, then go to point E and start the down trend (rate hike) or...

sagitis

not sure how many people ahve noticed are we repeating the same pattern from last hul to april 2021