Good evening, Traders!
That week was very interesting, and we will observe it and make predictions for the next one.
NEW 11-minute video for you about :
DXY, Euro, S&P 500, Oil, Japanese yen, Natural Gas, Soybeans
Good evening, Traders!
🔻 Let's start from the leader of markets — DXY. From the previous analysis, we have designated a key level 106.72 and the price did not brokedown this level even by 1 tick. It became a real growing point from the start of the week. On Friday the price closed on the uptrend line and after its breakdown, I expect to see correctional movement to this magnet. (See)
🔻 What about Gold (GC), I really expected that the price will go up from Tuesday's bottom, but the unbelievable record inflation in the USA created high volatility. Funds opened a record short position, and OI rose by 8% during the reported week. Now according to the big amount of ask HFTs here reversal is also rather possible. (See)
FIASCO in gold!
Good evening, Traders!
🔻 In previous analyses, I was very predictive about Gold (GC), the prediction was so strong, that I ignored to react on multiple ask HFTs’ that told me at least cut 50% of my position. In fact, I did even not exit from this position at breakeven and got a stop loss.
Now on these cheap levels, we see more distribution, as OI falls. I see block trades on options on the Daily chart, they rather often say about the potential reversal of gold.
But for now, on the 15 m chart the path of least resistance for gold is to the downside, but, 1750 is the key point where we will say for sure about trend reversal. (See)
Good evening, Traders!
Let's observe the market and prepare for the next week!
🔻 Gold (GC) showed entry points 3 times in a row that week, and honestly, I participated in each one. I expected this scenario before, you can see it in my previous reviews. Now I see that it is necessary to be patient and not react to local imbalances. Hier timeframes are in the game. Huge stop-losses were collected and there is enough fuel to go higher. It will be not a surprise if the price will go to 2000 from here. (See)
🔻 Silver (Si) is the same. The first magnet is volume level 20.8 and then we can go even higher. (See)
Hello, TVT Traders!
🔻 Today I want to start with the Dollar index (DXY). As you can observe from the Commitments of Traders Friday report hedge funds increased their long position by 17%. The last one such a strong rise of buys was a year ago before all this rally. Moreover, if you open the COT index, you will find that funds and hedgers reached extreme divergence, in this case, I prefer to short. But now small traders are not as bullish as they have to be on the real extremums, that's why I think that the rally is not over and we will see a continuation in this asset next week. (See)
🔻 Also, I see not a good signal in Nasdaq (NQ). Funds and small traders significantly increased their longs with OI rise, it is a fuel for a trend continuation. And also when I see delta increase and buy HFTs’ against the trend it means that this trend will be sure to continue. (See)
Hello Traders!
🔻 I see a very peculiar picture in Platinum (PL). As always: stops — rejection — involvement — rejection. And here we have 2 targets: 1020 — short term target on the 15M chart and 1060 target on the daily chart. We see how OI decrease during the last down wave. Sellers and buyers close their positions. But from the previous COT report Funds even doubled their longs from 3K to almost 7K longs, and I hope they will continue to do this at this discount. (See)
🔻Next, I expect a short continuation in Soybeans (ZS). 1770 was a beautiful sell entry point under the stopping HFT volumes level. But according to the strong effort and the low result of the delta, it was necessary to ensure who will win in this battle and somehow join the winner. Honestly, I could not do it, but it was worth it. The peak of growth in volatility and purchases of call options has already been passed and traders will continue to close their hedges. (See)
🔻 Let's discuss Gold (GC). I see here a few strategies entry point in one bottle.
Sell HFTs’ after green delta + limit buyer on top with OI increase on growth and then correction first of all to the direction of market sellers. I expect the movement to the limit buyer level on top and further. (See)
🔻 Also, note that the British pound (6B) is attending 1,25 — the strong support zone now. And if I see selling HFTs’ under this zone it will be interesting to buy this asset to surf another long wave. (See)