Of course I've been shouting about Gold and Cryptos before. Why? Why?... some people wanna know what's going on. (TURN UP volume on speakers. Microsoft updates caused a problem)
I posted on the big de-dollarisation war that was happening in the background months ago. I was also looking at the 'war index' in Lockheed Martin.
The smart money has already moved...
Gold - Intraday - We look to Buy a break of 1501 (stop at 1496)
Buying yesterday resulted in the sequence of 4 negative daily performances being broken. The medium-term bias remains bullish. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A bullish reverse Head and Shoulders is...
Intraday - We look to Sell at 1400 (stop at 1407)
The medium term bias remains bullish.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Selling posted in Asia.
Expect trading to remain mixed and...
OANDA:XAUUSD, FX:XAUUSD, FOREXCOM:XAUUSD
Monthly: The reverse head & shoulders formation has finally broken the neckline.
Daily: Previous reistance levels should now act as support including 1392, 1375 & 1367
Sell XAUUSD in front of $1375 & $1366
Stop loss at $1347
This is an update on Gold with a new curve showing probability broadly for the north. See my previous video on a smaller curve.
The Theory of Curves is based on exploiting patterns in Chaos. Read up on Chaos Theory. The markets are pure chaos so it is every proper trader's business to know about it.
In this two-pane chart, I show an anomaly in Gold price i.e. it is disconnecting more visibly in the last few days. Yes, this sometimes happens for no obvious reason. But in the context of a major push south on stockmarkets in the last 48 hours, it could be significant.
The other problem is that the US Dollar is heading into a level of cross-header resistance in...
Gold has had a good run north on the daily time frame and is coming into a powerful zone of congestion. It's not looking great for going long on the 1D now. There are opportunities for shorting on lower time frames but those do not look too good either. Possibly - just possibly - there may be more profit taking on this around this time. I'd be cautious with this one.
Yes - of course some will know about credit transfers of solid Gold. But the latest stuff is bigger! Some very clever people have found a way to transfer solid gold in more than just 'credit', by very robust electronic means. In other words wherever you are in the world you can ask for your solid gold and it will be sent to your hands! Ain't that crazy!? You can...
This is a short screencast showing an excellent entry position. (this is not advice to enter a trade).
The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're...
Gold Double Demand Area - Price bouncing off 2 extremely long term area's of Demand on Horizontal & Diagonal Plain's, Very simple, look for a little more Bullish Price Action before positioning yourself for a potential long term hold.