Hey traders, Yet again, the OFA script clearly show we should not be meddling with the affairs of the bears, side fully in control of the price action in the Gold market. Let the flows, identified via the formation of fractal-based structures, determine the path of least resistance. As usual, credit where is due (Bill Williams). The script simply makes it...
It all started with gold prices falling in 2018, and after a while, I started looking for potential opportunities in Gold. What followed was a long time friend by the same namesake suddenly popped up to ask for my opinion specifically about gold... and this was two years ago today, short of a few days, in mid-August 2018 (see chart by zooming out). Since then, the...
Gold, denominated in Chinese yuan (CNY) has really made the grade. 10,000 yuan per ounce looks like firm resistance; so suggestion is the price has to be juiced into some lower floors.
If you trade Gold, you must know that the GDX and the GLD are both derivative markets of Gold and are closely correlated since they both track aspects of Gold. So when either one of these move, then you must look to the other one's and see what they are doing, going to do or done already. They can give you precious clues as to what the other markets are going to...
Learn with the Lex van Dam Trading Academy on TradingView! www.tradingview.com Featured in our Trading Club, 4th July Our checklist provides a systematic process that fellow hedge fund managers and traders employ to analyse markets, from which the biggest trading decisions are made. We use similar versions to analyse major currencies, stock markets and...