The yields within the bond market are hinting towards a reversal in Gold and potentially other metals today, however, Gold right now is sitting at the HOP level of a Bearish Alt-Bat. If GLD were to reverse here, we would see it as a type 2 return which could result in Bearish price-Action beyond just the intra week but extended to the entire macro trend as a...
While today's down move may look dramatic to some, two things going on. One is a typical .382 Fib retracement. The other, a test of the breakout level. Looks like an easy run to the top of the trend channel above 230.
Gold is showing a classic long-term cup and handle period. Spent about 7 years in the "cup" (long shakeout period from the bubble that had formed after the last financial crisis followed by an eventual rally to previous all-time high). It has spent over 2 years now in the "handle" (period of consolidation giving the appearance that price can't break through the...
While I'm still looking for higher prices, eventually, recent gains are too good to pass up. Line chart shows a three week testing of the high and at the moment, appears to be failing. Big move the past couple of days including this morning tried to push prices higher but this morning's big move was met with selling taking it off of overbought highs.
Looking...
The inverse relationship between yield and gold over the long term gives us an idea of what phase and dynamics of the market we are in.
The bottoms of the yields are the tops in gold; interestingly the bottoms happen in 4-year cycles, especially in summer, July or June; while the tops are every 5 years in fall, September or October.
Based on these dynamics, a...
Gold prices have been on the decline recently, influenced by several key factors:
1. **Correction from Highs**: Gold had reached a record high last week, trading at $2,413.80 per ounce. Such spikes are often followed by corrections, as seen with the current downward movement.
2. *Rising Dollar and Treasury Yields**: The U.S. dollar and Treasury yields have both...
I posted this chart in march on a bull flag that was starting to form with a projection to the dashed green. This is a great example of a longer term setup that rewards the patient. Of then these flags or wedges like to break out on strong volume and then dump for a retest, only to continue to project towards the target. If you had entered 6month to one year out...
GOLD has completed it's upward move. Though Analysts say that it will go up further. It's time to be contrarian as Analysts also manipulate the market for their HNI clients. here might be a small move up but more explosive move is going to be downwards.
It's common for some traders to see things in black and white, worrying too much about the outcome of each individual trade and giving excessive importance to winning or losing on every try. This perspective is pernicious because it overlooks the inherent uncertainty in the process, which often leads to unnecessary emotional burden and is almost always detrimental...
Understanding Probability in Trading
Probability is a fundamental tool in assessing the success of a trading system and making informed decisions. In simple terms, probability tells us how often we can expect a system to succeed relative to the total number of trades executed.
Imagine you have a trading system with specific rules that are repeated over and over...
The Uncertainty and Probability in Trading
In a world where uncertainty reigns and the future is always unknown, trading becomes a realm where probability plays a crucial role. Throughout history, no one has been able to predict the future of financial markets with complete accuracy. This uncertainty is inseparable from trading, as we can never fully anticipate...
Hi guys, if you follow daily the market here there is not a strange situation.
Many guru claim that we're on the verge on something big, obviously I don't know but this movement was so called.
When you find a pattern you don't have to act but react.
If you are wrong positioned, you can close and change position, it's so easy.
I was bearish 2yrs ago (if I well...
I think GLD is being distributed and I am not convinced with the break out. This is a classic Wyckoff distribution pattern. Everyone is now talking about the GLD break out which is the perfect time to distribute. It will go up a bit but it will soon come crashing down.
Not investment advice, please do your DD
Please boost and follow.
