As you can see from the above chart we are in the final leg of the impulse into the target objective from the accumulation that took place, as shown.
We have touched the TL and have formed a wedge, if we touch the wedge we will await PA to determine a TP or add for the upward movement into the final target area.
CPI tomorrow will determine this....
This is by far my most intricate and detailed analysis of Gold following a distribution that took place a few months ago, as shown.
We have hit our target area for gold as shown and stipulated.
Following the DXY's downward it has since settled and seems to be consolidating giving signals of a reversal with a H&S as well as distribution...
Wyckoff distribution forming on daily chart.
I was asked to do this analysis, however, I do not trade BTC and have not been watching the market and its price action.
Please take into consideration that I do not know how this market reacts hence the various scenarios I have given at the end of this video.
Elon's tweets could make things happen very...
Just another video showing you my thoughts on the current PA and what my sentiments as well as targets are.
1850 - 1855 will be a key area to watch as well as 1832.
This is not financial advice.
Gold creating distribution on 4H chart.
Wait for phase C, D and E to play out for confirmation.
If the retest happens of AR at 1910 for a LPS (last point of supply) then that would be a good entry with a stop loss above the 1912, target 1850
Personally I think this is a correction before hitting the higher target of 1965 so add buys along the way if you are...
Gold sitting on a resistance level at the moment but having broken 1875, creating a triangle pattern.
Market is oversold and a correction is due in my opinion by next week or the following.
With the current price action I would think that it either touches 1900 and breaks down to 1800 for a 50 to 618FiB extension or breaks down now to touch 1850 then back up to...
Possible fakeout of TL on D TF:
Bearish divergence on MACD as well as RSI indicating a continuation of trend, no signal of crossing on either when breakout occured.
ATR of 24 at point of breakout (25< is considered consolidating) which has decreased since.
SMA/EMA still show a downward trend with 4H having just crossed down.
Possibility that we are ranging at...
This is a new idea I have been working on lately which is an extension of my current ideas, that gold is in a downtrend still, and that price should reach the 16xx mark again. I have drawn up technicals on a D chart which have then been detailed into 4H, 1H and 15M charts.
You can obviously copy and make any changes you deem necessary, change visibility on...
Trade with caution.
Pitchfork is a guide for price action - purple lines show areas of a possible trend reversal or exit of a trend. The lower band showing reversal, the upper band showing exit.
Note: 50 - 60 zone is not in this idea, however, it is possible.
Purple zones on the downtrend show a possible trend reversal, caution should be taken, especially on the upper bracket of a downtrend. Look out for possible pivot points that would lead to an idea of the new trend trajectory. Purely anticipation of a potential future outcome.