I see this and thought worth publishing its short term but worth watching
Following on from my previous analysis, not much has changed in the long term, but I do see a little more downtrend before more northward momentum
I can see the cryto moving now to the 8000 area, I personnally think it will continue but may pull back
Following on from my previous analysis, the pair fell lower than predicted, I have reflected this in the chart above
Following on from my previous analysis, I predicted a short to long trend, going from 0.58060 - 0.65680, the pair went short but broke through 0.58060 and ended at 0.55161, this changes my predicted long exit position to around 0.68643 - 0.7000
Following on from my previous analysis, I predicted a short followed by a long, this analysis stands, but I see the rate a climb bing quicker in the following few weeks
carrying on from my previous analysis, I did see a possible further continuation of the downtrend and showed but I now believe this has run its cause and the uptrend will start soon
I have updated my previous analysis taken from a more suitable larger time scale
USDJP looks like it has reached the base of the short shown in my revious analysis, (see link below), I see a rise now, before a further fall
Its looking very much like Gold may not be the famous safe haven we know of at this time, it could be the global pandemic, recession the banks, one could write a book on the reasons, but I believe gold has not finished yet, it could turn now and start climbing but I predict more downside yet, so I will be watching for moment below 1500, then for possible return...
Gold showing signs of upward momentum followed bye more southbound movement before the breaking of 1700
Update to my Late December and early January analysis, paths technically remain the same:
just an update showing the corrections
After making 1686, I had forecast a retrace, however the retrace was small and 1686 was returned, I can see it either moving with a slow rise to1711 or it may just range around 1686 before retest a previous low.
Do not do short on gold being a bull, (lol absolute rubish there, I do the trade as it shows if long I go long if short I go short, call me hybrid don't care) but time for correction before the push north a much needed move after the days high.
Gold may test the 1686 resistance level a few times more before breaking above the 1700.
Just to follow up on my previous analysis, I predicted the pair would make a rapid accent around 1.09319 area, it pasted that mark by a short distance before turning at 1.7858 area. On my previous chart I showed southbound travel again around 1.11600, this may still stand but I have to give 1.27500 more credit now allowing for the break of the fractal
I need to first bring up some previous idea’s and supply some information about these first, so you will better understand my reasoning for my charts path: We all know about the sudden 800 pip drop on Friday, 28th February, it was brought to my attention, that this drop was triggered by this article: www.marketwatch.com (source: see comments on above...