SPX / SPOT GOLD Ratio may be at a TOPSP:SPX
With the ration at a top as suggested by looking to the left and the RSI pivot
indicator, a strategy might be to exit stocks and buy spot gold.
An alternative view is that they both might be about to downtrend
but that gold will downtrend slower causing the ratio to drop.
Please comment as to your opinion. Thanks !
GOLD-SILVER
Gold w/ a full retraceTVC:GOLD has completed a full retrace back to historical support around the 1670-1680 zone. This area has help support multiple times in the past making it rather significant.
With this full retrace came a fantastic buying opportunity (especially for stackers) that I personally took advantage of. I do not trade paper metals but simply use the charts to time great stacking opportunities for the long term.
Silver had built a long term consolidation zone with similar support structure in place before breaking down lower. Check the image below for similarities. :) If the 1670 level is lost on a higher time frame, Gold could slide lower but not all hope is to be lost or Bearish, we do have good news!
Price action has looked to formed a bottoming tail on the 3 day with some momentum building in the indicators. Check the Stochastic RSI and watch for the cross to stay true and close above the 20 level while the MACD Historgram has flipped colors and looking for its bullish cross as well. Since Gold is such a massive market its always good to use the lower time frames to time entries and get a early warning of what could happen on the higher time frames. Such as - 1 Day flips bullish before the 3D which flips bullish for the 1 week and so forth.
Buttttt, there is a catch. Theres always a catch. price could get hammered back down for a retest or collapse of this support area after the next Fed announcement which I believe is the 27th of July.
Gold & Silver Reaching A Launchpad with Currencies (like 2003)Many traders believe the current setup in Gold/Silver is similar to 2018 or 2015. But the reality is this is more similar to 1999~2003 with a strong US Dollar and weakening global currencies.
As long as Gold/Silver continue to strengthen while the US Dollar stays strong, foreign currencies will weaken and wreak havoc on foreign markets.
Eventually, the risk levels will increase in foreign markets which will send FEAR skyrocketing. That will move capital into Gold/Silver and break the channel/trends that are currently in place.
I believe we are very close (possibly 2 to 4+ months away) from that breaking point.
Watch global Emerging Markets and foreign governments for signs of collapse. These will be the early warning signs that Gold/Silver are "T-minus 10".
Once the US Dollar peaks/turns, we'll be at "T-minus 3".
At that point, everything will be ALL SYSTEMS GO for Gold & Silver.
Pay attention. This is a huge setup for precious metals.
XAUXAU has done brilliantly since the last post with a rise of around $50, price now forms an inside bar on the 4H, an inside bar is often found in impulsive moves what it represents is a lower time frame consolidation so when we see as a green hammer/pin it can signify a good chance of imbalance continuing so because of this we have to look for previous levels of balance in the market, where will price stall?
I have labelled a few targets I believe we can hit, I could have added another setup with a slighty higher TP, but I think it is best to start closing out the long positions a bit quicker, so keep an on the 4H chart and LTF and when you see obvious signs of the market deteriorating then we have to act accordingly.
Longer term I believe the continued rate hikes will continue to close the gains XAU saw in the super inflation, I still believe DXY Index will climb considerably higher in the long term, so we can keep an eye for shorts if we enter a distribution phase.
XAU - Gold is in bullish trend, may accelerate soon🌙XAU Globally
We broke throught huge trendline, this breaking bearish trend and becoming bullish once again
XAU Locally
We stopped before important level at 110 and currently accumulating power below it. Accumulation looks healthy and is 27d old right now.
After more squeezing it may be a good idea to open long.
As targets we may choose gaps - one at 114 and another one at 130
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BTC Bear Casethis is my plan for a short scalp or swing on BTC.
liquidity has been taken at range high. Usually happen before a bigger move lower.
If we reject/hold below mid range im looking for shorts with targets marked on the chart T1 T2 and T3.
looking at ES and Nasdaq for confluence which look like a pullback is a high probability.
Again i dont care what way it goes.. plan for it and if your trigger gets triggered play it and manage risk.. Fu#k the Perma Bulls they will get you rekt..
$MAYwatching for a push above the breakout line for entry signal,
Green box is the target if we get entry signal.
currently backtesting the low for that "daily range" that sent the market lower into the 1 month consolidation.
A push above the ema's and into 95-96 price range will be but signal.. lets see.
FYI a lot of news coming from the US this month so got to be cautious.
$BTC crypto winters still here 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
Expect $DXY to rise and place even more pressure on crypto markets.
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GDP RealityThe Federal Reserve will suggest they projected a slowdown in Economic activity.
Effect Indicated, Effect Observed.
Solid work.
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Outside of the Matrix, the Depression slumbers on within the confines of Real Sentiment.
....The Deal Breaker.
"7" was misstated - "6" is the GDI hedonic, it's been a long overnight Session, apologies.
XAUXAU breaks the Value area high and pulls back on a retest, we had this accumulation stage where XAU was very balanced as you can see on the VRVP we have this nice distribution curve.
We can look for a little pullback and try to buy the market if we see price start transacting above this ranging market.
Divide the SPX by the Producer Price Index = Wunderbar!Look at this investment roadmap between equities vs Gold and SIlver and their opposite correlation when inflation is running hot.
If you divide the SPX by the PPI (producer price index) of goods and services you get an amazing chart. While PPI is elevated, the broad equity market has major headwinds outperforming PPI but Gold and Silver shine very well in this time period.
The time to buy equities is when the broad market is outperforming PPI upon the "breakout" of these downtrends.
Happy Investing!
Every rally starts with a short coverPlatinum has been trending lower for more than four months, the March peak, and is finally showing signs of a potential bottom. Yesterday's whipsaw helped complete the right shoulder of an inverse head and shoulders pattern. Upon doing that, it also back-tested the trend line from its June peak, holding it as support perfectly. The large range consolidation over the last three days created a flag-like pattern, brining a coiling of strength to help pierce through the 21-day moving average this morning. The cherry on top is that Managed Money, hedge funds, have been net-short Platinum. This tells us that upon strength there will be short-covering. Not only in Platinum but SIlver and Gold too. In fact, Managed Money went net-short Gold as of last Tuesday for only the second instance in history. The first was at the exact 2015 low and the second was in the later innings of the 2018 sell-off. Managed Money going net-short metals is a contra indicator.
📉GOLD 21/07/2022: under $1700❗️📉 Priority direction: Downward.
📝 Description: Sellers broke support at $1700, thus confirming their dominance in the market. Sales priority is maintained. At the moment, we should expect a small pullback upwards, but it is unlikely that the price will be able to rise much above $1700 (be careful with longs). The $1690-$1700 price area is an interesting area to look for shorts. The fall is now limited to $1670.
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NAS100 BreakoutNAS100 breaks out of decending wedge and is now currently restesting top of trendline as support which happens to land on a Fib date .
Targets could be 0.5 at 13.8k , was waiting for retest to post and now it seems we might have that with a very strong open.
Amazing time fib reaction .
EURO U.S. DOLLAR FXCM : EURO BREAKOUT & USD BREAKDOWN IMMINENT!!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS ANALYSIS AND CONTENT. THANK YOU
Euro to USD is in a falling/descending wedge and has been for years against the dollar. In October of 2020 Euro had a failed breakout and came back down into the wedge. The apex of the wedge is nearing and I believe the EURO will break out of this wedge with a measured move of 1.48 and possibly higher after that level is reached. There is probably still a touch of the bottom support line of the wedge which could bring the EURO to .96 or so before the final move to the upside with the break of the upper resistance line of the wedge.
The USD has been in a bear flag/descending channel for years now against the EURO. The dollar looks like it has one more bullish drive to about 114 by around September of this year, before dropping to the bottom support of the channel/flag and retesting 96. At that point the dollar will either break right through without a bounce or if it bounces may try for 103 before its final descent down to about 67 which is the measured move of the bear flag.
These scenarios will both be invalidated if USD breaks to the upside and closes above 120ish on a weekly candle. I don't see this happening though because of many factors. Hyperinflation is right around the corner, if you think things are expensive now just wait and see when the printers really turn on. We haven't seen anything yet my friends, they were just testing the water to see how we would react to this inflation. What comes next will be epic.
This is not financial or trading advice this is just my opinion, thank you and good luck out there.
EURO U.S. DOLLAR FXCM : EURO BREAKOUT & USD BREAKDOWN IMMINENT!!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS ANALYSIS AND CONTENT. THANK YOU
Euro to USD is in a descending wedge and has been for years against the dollar. In October of 2020 Euro had a failed breakout and came back down into the wedge. The apex of the wedge is nearing and I believe the EURO will break out of this wedge with a measured move of 1.48 and possibly higher after that level is reached. There is probably still a touch of the bottom support line of the wedge which could bring the EURO to .96 or so before the final move to the upside with the break of the upper resistance line of the wedge.
The USD has been in a bear flag/descending channel for years now against the EURO. The dollar looks like it has one more bullish drive to about 114 by around September of this year, before dropping to the bottom support of the channel/flag and retesting 96. At that point the dollar will either break right through without a bounce or if it bounces may try for 103 before its final descent down to about 67 which is the measured move of the bear flag.
These scenarios will both be invalidated if USD breaks to the upside and closes above 120ish on a weekly candle. I don't see this happening though because of many factors. Hyperinflation is right around the corner, if you think things are expensive now just wait and see when the printers really turn on. We haven't seen anything yet my friends, they were just testing the water to see how we would react to this inflation. What comes next will be epic.
This is not financial or trading advice this is just my opinion, thank you and good luck out there.
BMIX BRAZILIAN MINERALS : PARABOLIC CURVE & DOUBLE BOTTOM! FOLLOW, LIKE AND COMMENT IF YOU APPRECIATE THIS CONTENT. THANK YOU
BMIX has a massive upside potential here. The double bottom W formation signaled the bottom and reversal into a bullish impulse. BMIX is going parabolic and could see 4 digit price for Brazilian Minerals before it tops out. This is just my opinion and not financial advice. Thank you and good luck.