Hi Guys, here below a clean snapshot of the 4H structure reporting the divergence with RSI. Has the impact of "nCoV2019" on Oil ended? The following chart was posted on Jan 28 when worries over "coronavirus" were high and was titled "Don't try to catch a falling knife". After almost two weeks, has Oil finally found a bottom at 49.31? iI don't know but if you...
Hi Guys, just some infos: WTI dropped $15 when the World Health Organization issued a Global Alert iro SARS on March 12, 2003. en.wikipedia.org nCoV2019 was first reported from Wuhan, China, on 31 December 2019 What are your thoughts? If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing...
Hi Guys, January did not start bad with prices rising and peaking with Operation Martyr Soleimani. Despite this, all gains made in 45 days were lost quickly in 20 days thanks to coronavirus and worries over economic growth and oil demand. Since my last idea on WTI posted on Oct.7, black gold moved from $52 to $65 in approx. 45 days. The peak at $65 was...
Hi Guys, the narrative of this post is the same applied to my post dated April 13, 2019 (below) Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System. The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took...
Hi Guys, It's Dec.24th, Christmas Eve, and Gold has just crossed the descending trendline of the following chart ( Click & Play it to watch it unfold ) The breakout have written "buy me" all over it. It could easly climb back above 1500 considering the current bullish outlook. There is no doubt that such a move will attract lots of buyers aiming for highs above...
Hi Guys, just a snapshot. Interesting to see how differently Gold reacts to FED policies. At the end of 2015 FED started hiking (Gold in 2016: www.kitco.com) In 2019 FED made three cuts. But in both occasions Gold always made a run. This is because Gold react on the impact that FED policies have on the economy and especially as an INSURANCE POLICY vs impact...
Hi Guys, here just some thoughts. With US equities in Christmas Rally mode I am not confident the descending trandline will be crossed. However, since Gold is a commodity and not only a safehaven, maybe the chances are higher then I'd expect. TO NOTE STRONG RESISTANCE AT 1480 (last week Gold was rejected 5 times at this level, one for each day of the week)...
Hi Guys, At the end of last week risks such as Brexit and US China deal faded but Gold didn't react as many were expecting. Gold has been ranging between 1474 and 1480 since Mon. Two fake breakouts occurred on Wed and on Thu. The 20BB tries to capture this week's range inside above levels. If we consider that Gold reached 1550 with FED cutting rates I do...
Hi Guys, the situation is the following. On Nov.7h Gold breached support at 1479/80 (light blue bold horizontal line). The break was favoured by a big Gap-Up in US stocks, prompted by growing optimism in respect of US-China Trade Deal as detailed in the following idea posted on Nov.9th (Tradingview did not allow for this idea to be public because timeframe is 5...
Hi Guys, just some infos. Following surprising NFP datas today, silver has fallen below B whilst Gold/Silver ratio has run above. Gold instead remains above B. Does it mean that Gold will soon follow Silver? I don't know...I am asking. Lol Here a link to the explanation provided by Investopedia in respect of the Gold/Silver Ratio: www.investopedia.com And...
Hi Guys, uncertainties over a US China Trade Deal by year end formed a double bottom in divergence with RSI that favoured the pullback from D into descending 200SMA and on upper band of the 100BB. To note that this encounter between BB and SMA occurred when sentiment was overbought. A similar formation occurred few weeks ago when B was forming. Here the idea...
Hi Guys, I had this idea from Reutres as today they published an article with a nice SPX chart with a timeline of the US-China Trade War. For easy reference please find below the article. www.reuters.com To note how trade news impact both markets in a short-medium terms whilst on longer terms other factors IMHO have a much bigger impact i.e. monetary policies...
Hi Guys, very simple. Remember this CUP in GOLD? It was March 27th. Click & Play to unfold. UJ and Gold are inversely correlated in their moves but they unfold similar patters in different timeframes. Would it be possible for UJ to unfold the same move made by GOLD? What should happen to take it to 124? Letters e) and g) fin the following snapshot Just...
Hi Guys, there is a huge divergece between these two charts and maybe the start of the new year is a good moment to make an adjustment. Gold made a strong move above A. USD/JPY did not. Is it possible for USD/JPY to fall below 100? What could cause such a move? What happens if it is not a flash crash but it is prolonged? What would happen to Nikkei and...
Hi Guys, Just some thoughts. Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. The GOLD Discussion CHAT is real fun. Join IN. Disclaimer: Please note...
Hi Guys, this is rough structure based on the daily chart. If Gold moves up, USD/JPY move down, If Gold makes a bottom or a top, USD/JPY makes the opposite. Tops and bottoms are formed but not at the same time. Moves goes in the opposite direction but they have different lenght and magnitude. Sometime, not always, it is possible to understand which one is moving...
Hi Guys, here below technical structures: Here the post iro pullback of AB: More infos: Please share your view and for additional infos about Gold have a look to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your...
Hi Guys, it was on Aug.12 when I posted the following chart and Gold was at 1495 running into 1560: Fear of tariffs and worries over deterioration of US-China negotiations drove that run. Today those worries are creeping in again at 1445, and this is what stopped Gold at B. As far as the main Daily Chart of this post is concerned, to note that from 2 price...