salvanost

salvanost

Its same with Mar 2020 situation we will see a correction extension not usual correction Anticipate 3600-3700$ this year with correction to 3317-3392 before rally to 4100$ next year I also draw Triangle as weekly TF bullish flag

salvanost Updated 

escalate war Ukraine and Russia make gold bullish theoritically will see target higher than 3447 so 3513 possible later

salvanost

yield inverted, usually a signal for recession, but there is a case that the recession delayed It's during the recession of 1992, 2009, and now it should happen this year, but the chance has dropped from 70% to 30% delayed recession moght be delayed for 4 year or until yield making higher high after making higher high will see recession within 2 years, rest for...

salvanost

SP500 will drop again But need recession as fundamental

salvanost

just make more scenario myself 3346 still possible as long price above 3000$ I want to see 3050 for now

salvanost

no bull sign at all since no higher high Failed to retest 3265 becomesa bearish signal for me But even a bearish need a double top pattern before reversal so 2 scenario for next week

salvanost

1 support and 3 resistance There might be another resistance when gold hits 3116

salvanost

while trying to figure out the retrace up (to 3294 - 3305) I search for a bottom signal 1st red candle on the monthly The start of the weekly bearish and powerful support on daily make gold retrace up to 3294-3305 (or higher) 1. MACD and RSI are just bottom indicators, won't show the retracement up signal 2. Stochastic is the key here, however, stochastic is...

salvanost

3305 support retest making higher high would confirm 3358-3364 resistance retest while long term bearish trend need another lower low (under 3294)

salvanost

DXY start monthly bearish trend monitoring 94.8 whoever hate Trump tarif could just dump the dollar it's a monthly bearish trend, need 1 or 2 year to go back to above 100 make cheap dollar, lower interest rate will see a lot of new debt and print money before dollar fly again

salvanost

3215 weak support retest the real support on 3100-3120 dropping that low will trigger a lot signal,s including a weekly red candle

salvanost

Both silver and gold still bearish but no confitmation yet must hit lower

salvanost

Tesla FOMO buy to 340 but next crash will hit 187 area

salvanost

possible still hit 3205 but I'm bear with 2998 as next retest

salvanost

2865-2870 retest after that waiting triangle pattern or bear flag pattern invalid if above 2934

salvanost

no 2840 = no 2780 = no bearish trend no 2840 and 2780 = rocket channel not invalid current weak bull (4 blue circle) might be sideway before strong bull

salvanost

it's just a counterargument about the best price to buy gold If gold hit 3333$, weekly TF needs 2 years to retest MA200 that's around 2780$ if gold drop to 2815-2840 before rally to 3030$ that might be the best zone to buy gold because after 3030-3060$ big possibilities to see 3330$

salvanost Updated 

MA 100 = blue MA 200 = red the circle = same pattern issue a mini divergence on RSI 1. stochastic still topped, that's why no signal to retest MA 100 yet when stochastic reversal it will retest MA100 2. MA100 is quite strong (if still a bullish trend) 3. MA 200 will be retested in my opinion but lets focus on MA100 first because there is still higher high...