Well, finally the correction has shown up. Huge volume waiting at 1320/17 (61.8 fib for the last run up), 1300, 1290/88 levels. Bonds going down, yields up, there will be a divergence with yields that will have to correct when gold starts going back up again and bonds halt their decline but some time. I'm long again at 1330, cost opportunity is higher than...
Posted this some days ago on the Gold channel. It turned out to be true (for now) the worst case scenario for BTC.
I've been studying the markets since 2006. I always loved to collect data and trying to find patterns, fluxes, correlation, decorrelation, shifts in models... Well, with some of the data I found available at TV, this is a quick analysis for the last 20 years (almost). 1) Notice interest rates, price of gold and commodities are NOT CORRELATED at all, there is no...
Same case as with GOLD. Using proportional repeating patterns/shapes and fitting them between trendlines, S&R, channels...
Watch out for the news! 1200 numbers are about to be totally discarded. IF this scenario I'm citing ends in a break out in the upside direction as depicted, I frankly think we are not seeing 1200ish numbers for a long, time, or even for ever. If 1338 area holds, then we could see a correction: 1320 first one, 1288 second zone. Good opportunities for buying. List...
It turned out to be better than expected. Now we are riding the same S&R but this time on different levels. All my past swing lines predictions are kept in the chart, you can see how the real market moved since. I now expect the price to stay in a range for the time being. I managed to port my old channel indicator, this is my personal indicator since 2009 for...
An interesting fundamental analysis here. (APART FROM the fake news from Bloomberg with the Chinese not buying t-bonds anymore) This chart shows GOLD vs the 30 year treasury bond (US). Both are well known fundamental wealth preservation instruments at least for the last 30 years where they shown a huge correlation. So, both assets are competitors in the same...
Well, as you can see in my chart, my old objectives just played almost exactly, not just the targets but almost all the swings, which is for me kind of interesting. But back into reality, I keep drawing possible scenarios for the following weeks. Check that my targets and congestion lines are the same as before I just extended them into the future to picture my...
I drawn some lines for S&D, fibs and S&R trend-lines. I see different possible scenarios in the following months. I still think fundamentals are bullish but as always, market manipulation is heavy and the whole Tax cuts, Fed hikes, and Bitcoin thing should be resolved (wether it explodes or by healthy correction) in the first half of next year. If you go for the...
Following my previous idea, the fundamentals still bullish, the technicals still bullish. On the technical side, S&D lines along with fibonacci analysis are drawn there in the chart. As for fundamentals, even with FED rate hikes, London fix manipulation, the price is set to keep rising in the short and long run. Gold seems to be slowly switching from a commodity...
Flag formation, 1W, 1D, 4H. Will it break up or down? We'll see. My positions are at 1205, BUY. I'll monitor these breakouts and will consider building more long positions even if it breaks down.