Metalixt

Metalixt

I told you guys about gold creating new trendline to limit upside pressure earlier and about 1878-80s being ruled out and same with 1850s, now 1840s is now looking evicted gradually. the upswing on the red path drawing likely to be gold last limit up for the time being. These are 2 things gold don't want to happen on journey down to 1753. 1. A triple rejection at...

Metalixt

Gold is going triangular trend pattern on multiple timeframe. Here is my view. If gold reject firmly at the blue zone that might trigger a triple tap reaction ahead of Chair Powell speech. For the time being the purple zone look like the limit for the bull. Generally Dollar still have upper hand. As you can see less hurdle at the downside for the bear break below...

Metalixt

Gold have been trading sideways for long now and this is what I expect from the metals from here. The purple trend line is a new downtrend formed on the 20mins timeframe which Is my favourite timeframe you can still spot the trend on 15mtf. The red uptrend is the last 2-4h trend which have already pull back and I expect the red to be broken by the purple trend but...

Metalixt

Gold could be cheered but visit to 1780-95 over anything

Metalixt

I told you guys about gold creating M on 1h which is already actualizing in W form. Door to 1780-95 now open just a little help from Fed. Oversold condition to save from dipping deeper which will result to retesting the trend up. That's it for now. Becareful how you enjoy any journey down now RSI!

Metalixt

Gold have two ahead Fed a correction toward 182ū-31 or retest of old zone range 1800-1792 I'll give 60% probability to correction 1827s and 40% to visit 1790s

Metalixt

EURUSD move to parity making well sense but the trend leading to it likely to stall it, the red trend line is the parity trend and the blacked trend line is the path. The first barricade is the last resistance(yellow horizontal line) the next is the black trendine. If cleared then journey to parity could actualize earlier than thought

Metalixt

Gold is under heavy selling pressure and any meaningful upswing is set to be be capping at the thick black trendine detailed by the info line 4.4 range which goes from 1943 to 47 any break above likely to pull back in 1 candlestick in higher timeframe till USD dream to 1800-1753 come through a close above the thick black trendine will likely turn the dream to night mare

Metalixt

M formation likely on 1h time frame before deciding to retrace, consolidate or continuation. To me the only thing likely to stop the bear is oversold condition. The journey to 1800-1700 look more real now though Relative Vitor Index showing some strange sign

Metalixt

Gold likely to take a breather at 1818 before another down, 1795 will be next in line mean while gold need to create new trend line to rule out some up pressure. Failure to do so might be tough to get to 1753

Metalixt

USD getting ready for the big kill. A break below 1850 give USD the highest hand and a clear break below 1838-45 seals the deal to 1800-1700. If gold refuse to struggle to close above 10EMA on 4h that will be sign of real weakness for gold. USD and JPY likely to perform well for the time being

Metalixt

Gold had jumped to 1879 as I expected due to escalation of Ukraine Russia from weekend to Sunday headlines I think is time for inflation to take over the headline leading Gold to abyss along. Gold is signalling continuation on daily timeframe on Bollinger bands daily timeframe. Any meaningful uptrend to cap at 1890 as signalled by Bollinger bands on 15mins...

Metalixt

Gold plunge to 1875 was a result of unfinished business on 4hours timeframe and formation of triple tap on multiple timeframe and is set to cap there. Any move up to cap at 1880.88 and is likely to cap there which validates a move to 1753.79-1738s which once happens a move above 1880.88 will be ruled out for very long time. Technically Gold set to be capping...