XAUUSD SHORT DOWN TO 1670 AFTER A RETEST OF 1833. A MOVE DOWN TO 1670 WILL BE A COMPLETION OF THE WAVE E CORRECTION PATTERN BEFORE PRICE RESUMES ITS UPTREND AGAIN. ME AND MY ACCOUNT MANAGEMENT WILL BE CASHING INTO THIS MOVE. I ALREADY HAVE A SELL ON FROM 1921 AND 1859.
GBPUSD short as the DXY is strengthening and GBP is overbought. I will be cashing into this move with my Account Management investors.
GOLD currently running in 280 PIPS since i first posted the analysis on TradingView and it is now only 170 PIPS away from take profit!
XAGUSD (Silver) is lining up for a short down to the $22.30 support zone. Price got manipulated by so called 'Reddit traders' who threatened to short squeeze the price of Silver as a counter attack on hedge funds positions on Silver. Price rose on Friday but very quickly got rejected by a major resistance zone, coming back down and closing the daily with a huge...
This analysis is a similar move to price action from the first few days of February 2020. Market most of the time repeats itself & this market structure is setting up nicely for another bearish move. Technically & fundamentally the move makes sense as the DXY & USDJPY, which correlates negatively is gaining strength which works as a confluence to my Gold sells....