ATTENTION
It was brought to my attention that someone has copied my logo and created an account that looks just like mine except of course the spelling has one extra letter.. an i in the word Trends (Treinids)
DO NOT TAKE ANY SOLICITATIONS from this person
Gonna notify Twitter
Exactly 60 years ago, the Yom Kippur War of 1973 (October 6 to October 25) started.
In the next 7 years
Crude went from $5 to 50
Interest Rates from 6.5 to 18
Gold from 42.22 to 875
Stocks lost almost 50% the following 52 weeks but ended about even after 7 years
The Control Boyz took $Gold thru entire summer range
1947 high at FOMC to losing 1922 & 1902 Monthly to landing at 1812-1822 our Yearly Opening Range Support
1812-1822 listed last wk
low 1811 on NFP
Res 1935-1945
Nxt Wk 1862-1872
Oct 1902-1912
Did they just flush everyone ?
$Gold Long Term
July Closes Monday
Highest Monthly Closes ever
1. 1989
2. 1972
Do you see the 3 attempts at 1000?
The three attempts at now 2000?
As long as we maintain monthly closes above 1902 and yearly low above 1802, odds favor a repeat of what happened at 1000 is coming
$Gold Long Term
Google 144
1st Bull leg 144 months =up up up
2nd Leg 144 months =corrective sideways pattern
Potential "Change of Trend" as Price & Time square & Cup & Handle completes
What to Watch For
BIG BAR MOVE (like 1999) that takes out these last 36 months in one shot
Buying $gold stocks in December during this bear market
Dec 2013 low: + 38% in 55 days
Dec 2014 low: + 35% in 22 days
Dec 2015 low: + 139% in 164 days
Dec 2016 low: + 37% in 34 days
$Gold Bull Market began at the turn of the century at $256 on Aug 1999
It took 3 KNOCKS (& 8 month consolidation after 3rd knock) to crack $1000 & double in price
Now we have 3 KNOCKS at $2000
Yearly Resistance 2172-2222
Pullback to July/Aug possible but higher prices 2nd half
The $gold correction
In Normal Bull Market 50% corrections are common (1640)
In Weak Bull 61% corrections (1540)
In strong Bull, a Fibonacci 38% correction level & the 300 day moving average have good odds of being one of VERY STRONG SUPPORT (1743-1776)
Lets see if GOLD can HOLD
$Gold reached yellow zone 1972-1982 resistance discussed in earlier posts
Now let us focus on 1989
1989 is the highest monthly close ever in price so i'm watching this wk's close
A close ab 1989 opens door to 2022-2042 Res
History has shown this as a congestive area
Be Careful
$Gold touched 1st Wkly Res 1862-1872 in Asia, London & NY
Currently consolidating at 1862 & bit under over past 12 hrs
Low 1954 in NY
FOMC, PPI & CPI coming= Volatility
Mid East Wildcard = Can take out this Res at an moment
Gap at 1832-1842 not filled yet
Sup 1822-1832
Long Term $Gold
The set up same as the last big move
ALGO same, pattern same pullbacks the same
A BIG BAR move is coming
The last time it was to the upside
34 EMA = 1946
2011 HIGH = 1922
Sept Cl Sup 1902
Can big bar be to downside?
Yes
Closely watch the action bet 1902-1946
$Gold Intermediate View
Tested 2023 support exactly
$120 dollar rally since
Price threatening WEDGE LINE breakout to the upside
LINE also intersects our Key 1922
A breakout above the wedge on this TIME FRAME activates the potential to test 1972-1982 &/or 2022-2032
PIVOT 1922
What is a Trend ? Ans: Something that is repeating.
$Gold remains within the confines of another buy signal
It takes a weekly close above 1895-1908 to signal it & weekly close above 1923-1933 confirms it
A weekly close below 1822 puts signal on hold
Support 1822-1835
$gold
The massive Price reversal from Yearly Supp Zone erased selloff & price back inside the key 1922-1932 zone
The WEEKLY Close 1931.94 just 6 cents below 1932
1st battle zone of Wk 1922-1932 = PIVOT PT
Daily Res 1947-1957
Wkly R 1972-1982
Daily Sup 1902-1912
Wkly 1872-1882
$Gold has spent 36 hrs just under 1862-1872 Resist
Very tight range FAVORS the bulls BUT
Wed = PPI 8:30 EST & FOMC 2:00 EST & 4 FED SPEAKERS during the day?
Should be choppy but Wild Card = Mid East
GAP at 1931-1944 not filled
Sup 1922-1932
If exceed 1872 = 1883-1890
Be Ready
$Gold price pattern consolidation over the last three years favor's completion
Confirmation when we get a monthly close above 2172-2222
There are no absolutes, only odds.
It takes a monthly close below 1902 for me to question the price pattern scenario I'm following.
Decade $Gold in controlled $400 range from 1650-2050 ever since the world changed
Price suggests Big Boys blocking attempts to stay above 2000 as the maginol line past 3 years
Only 5 weekly closes above 2K ever
Could they lose control ?
Only above 2150-2200
That's what it takes
$Gold exceeded Wkly Resist listed this wk 1972-1982 but could close inside the zone
As stated earlier, i'm watching 1989 as its highest monthly close
Regardless, a powerful move has & is unfolding
Next Wk's resist 2022-2032 & 2072-2082
Support 1922-1932 & 1902
Daily 1940-1947
#Gold
Big Picture Pattern
When it came to charts Gann said;
If you want to know the future, study the past
LOOK at the YOU ARE HERE moment
This is the deepest trouble the control boys have been in since 2005
As long as above $1672, the Ladle move begins above 2100
@AzogarCom
$Gold What to Watch as we start week
ANYTIME price ab 1846-1848. price is inside SEPT Range
Treat it as PIVOT next 24 hrs
While 1st wk Res 1862-1872 , REAL PRIZE would be just ab Sept 29th highs 1880-1885
Bears will be waiting
Watch 1846-1848
Bulls need to make it Support
Dec $Gold Options expire Tues
Control boyz = 4 days left to pull price towards 1840
If they lose battle they will have to buy futures to protect further loses & Yearly close of 2020 at 1895 will draw prices like a magnet
Watch 1866-1872
That's where they will attempt to sell it
Our last update in $Gold suggested favored 1866-1872 as key resistance to watch
Today's move above & subsequent rejection now has the odds favoring a move lower into Options expiration on Nov 23rd & Holiday wk in the 1822-1839 region.
Takes a close above 1878 to change outlook
We've used 1922 as our 🔑weekly number all year & we've been stuck in a $50 range above & below 4 months
WHY is 1922 Important
It is the 2011 High
The Cartel has pushed it back 3 times
They been trying to KILL 1922 now for 4 months
FIERCE BATTLE GOING ON FOR CONTROL of market
$Gold $Silver Chart of the Week
Why has gold been so weak ?
There are no absolutes in markets, only odds. Those odds suggest a massive LONG SILVER/SHORT GOLD trade has been going on that has Silver at the 89 day MMA ave & Gold down to the 300 day Ave. Will unwind at some point.
Monthly $Gold since the 2015 Low
The last accumulation phase in gold below 1372 looks very similar to the current pattern
The big move up came when price retested the 34 EMA & catapulted higher
We hit 34 EMA overnight 1815 & the yearly close last year was 1825
IMPORTANT AREA
This much of an open interest plunge (34%) in short amt of time MOST OFTEN means the market about ready to flip from bear to bull control as THE $gold longs R liquidating & the shorts R covering at same time
We can still have final flushout 1st
But trend change coming 1-30 days
COT report thru Tues. shows 34% plunge(-24k gold futures contracts)for Managed Money(hedge funds) to just 46.8K. Last time hedge fund contracts this low: March 2021 bottom. See left side of chart. $200+ gain from there in 2 mos. However, 46.8K was BEFORE post-FOMC 3-day slam-down
$gold's price "officially" changed only 5 times from 1792 to 1973
$19.75 oz in 1792
To $20.67 in 1834
$35 in 1934
$38 in 1972
$42.22 in 1973
Prices in USA when the Beatles arrived
1964
Annual Income (6K) in gold = 171 Oz
Today your income would have to be 300K to buy 171 Oz
The pullback from 1922-1932 reached green zone 1902-1912 Monday
Tues Sup 1898-1912 & 1883-1890
Resist 1922-1932 & 1940
Many lookin 4 pullbacks to 1880-1905 to enter
Will price allow?
🔑 now is to get abv 1922-1932 zone
Until then, price can keep pulling back
Sept High = 1953
$Gold Daily Chart
I never trade on "cycles" but do watch them
The coming week could be an important 1
Wkly Res 2022-2032
Daily Resist 2003-2010
Wkly Sup 1972-1982 & 1937-1947
Pyramid Resist but cl ab = 2072-2082
Odds high for pullback to Beg this wk or next
Overall trend Up
$Silver Monthly View
The longer Silver keeps price glued to this resistance line the greater the chance of a breakout higher
Very important area to watch
Discussed last night that the tight range under 1862-1872 still favored the bulls
Next is the Bull/Bear Zone 1883-1890 where bears are waiting
FOMC this afternoon
No one knows 4 sure what the control boys do with this
Pullback or not, the bulls are still favored at the moment
$Gold Since JFK
60 Year Momentum Line has rebuffed Every attempt ever at a 6 month closing above 2000
Major Support 1622-1672 & 1322-1372
Major Resistance 2072-2172
Sept Failure testing 1st Yearly Sup
1802-1822
Need Reversal & Monthly Cl above 1922-1972 for uptrend resumption
While $Gold 50 & 200 day moving average get all the headlines, the 300 day is a VERY POWERFUL area of support. The channel shows the velocity PRE covid. Price has returned to the top of that channel for a retest.
BOTTOM LINE: 1765-1795 is the last very strong support until 1600
In 28 days
It will be 50 years since Nixon took the USD & the GLOBE off the $Gold Standard
The Minimum wage was $1.60 & Gold was $42 oz
A 40 hour MINIMUM wage =$ 64 Gross
In gold terms that was 1 1/2 oz of Gold for a weekly Pay
In today's money Minumum wage = $2700 per Week.
Long Term $Gold monthly close below 1902 support in Sept has been a big downdraft in October & has re-activated the following monthly support zones
1722-1772
1622-1672
At 34 Month EMA (1815) an important trend indicator
1802 =Yearly low
Watching 1802-1815 = last sup b4 1772
Sunday post discussed 1846-1848 as pivot
Lowest 4hr Bar close 1849.90
1st Wkly Res 1862-1872 Reached
Bears to try pullback into FOMC, PPI, CPI & try & fill Sun Gap 1932-1942
IF they fail & Mid East escalates, look out 1882-1890 & 1902 can come into play
Sup 1932-1942 & 1922
$Gold Long Term Cycles
1999 low to 2011 high = Fib 144 Month
The Cup & Handle SInce 2011 high completed 144 Months in Sept
Month 145 (Oct) was an outside reversal Candle
This has the potential to be explosive
It takes a monthly close below 1902
for me to be less enthusiastic
$Gold from last night gave Res 2003-2007 & High 2007 today
We also discussed WATCHING the Channel lin
We have broken it & with FOMC tomorrow can pullback to 1972-1982
The Control Boyz don't want a Monthly CLose today ab 1989
IF can't get back in channel favor test 1972-1982
$Gold H&S fr last night post played out
Bulls failed to take short term trend back from ST bears Right at our🗝️ Weekly 1972-1982 #'s
FRI sup 1938-1940 & Wkly 1922-1932
Bulls will try to Hold at Supports below & attempt rebound into Fri but
Short term Bears control below 1972
$Gold Zoom in for next 24 hrs
Bulls trying to find supp 1954 Sun night & keep the bounce going by holding these 2 trendlines on chart
If so the potential for a bounce into resistance & our 🗝️ 1972 on a monthly close can develop
Watch trendlines at 1954
Bulls above
Bears below
After touching the 1970 monthly close only $Gold resistance line only twice in 40 years (1980 & 2011)
It spent 2 years in 2011 trying to break it & failed
Price has spent the last 3 years trying to break it
It takes a monthly close above 2172-2222 to CONFIRM a new bull market
$gold exploded from the 1972-1982 Wkly Pivot last night & 1989-1995 Resist taken out
There's might be resist at 2005-2010 (Nov highs) but the bigger one is 2022-2032
FOMC mins this afternoon
Sup 1972-1982
Res 2022-2032 & 2072-2082
$Gold reached listed Daily Res 1947-1959 & price consolidating inside zone
As discussed when price move ab 1872, pullbacks aside the trend is higher
WKLY Res 1972-1982
Neut 1947-1959
Prev Res now sup
Daily Sup 1940-1947
Wkly Sup 1922-1932
Month 1902-1912
Be Careful
$Gold
Price was rejected again at our wkly 1972 yesterday on the monthly close
Wkly Supp 1922-1932
Daily Sup 1938-1940 & today's low near 1943
Resist 1955-1963
We remain inside the 1922-1972 zone of hell & as stated in previous posts, short term bears control below 1972
Long Term $Silver knocking at the 2011 downtrend line from 50 for 5 months
The latest hard selloff is another attempt to forstall the breaking of this line. The drastic slowdown in the economy probably not helping
In any event, price remains contained inside trend lines for now
Oct 6th We highlighted how the control boyz used the FOMC & NFP to Clear the ENTIRE range & test the YEARLY support Range.
We asked the question, did they just flush everyone out?
The answer is YES
A close today above 1922-1932 greatly increases the odds that yearly low is in
The Control Boyz took $Gold thru entire summer range
1947 high at FOMC to losing 1922 & 1902 Monthly to landing at 1812-1822 our Yearly Opening Range Support
1812-1822 listed last wk
low 1811 on NFP
Res 1935-1945
Nxt Wk 1862-1872
Oct 1902-1912
Did they just flush everyone ?
$Gold
Price at Bull Market Mov Ave
Last time was Mar-June 2019 $1300
9 waves from top to final test then move to 2000
Now same set up 9 waves from top to now
A potential set up can be developing here at 1772
If this a bull market, price has no business under 1750
Otherwise=1600
WHAT TO WATCH FOR
#silversqueeze
Usually EBB & FLOW of the bull/bear battle easy to see on chart pattern
But A VERY TIGHT RAIL=every BEAR attempt fails & market becomes 1 sided as both sides become buyers & squeeze develops
UPPER RAIL taken out=squeeze
LOWER RAIL=Mkt not ready
$Gold spent 2 days at Wkly support going into NFP Rpt
Monday stayed within NFP candle range (1926-1947) & just above Support zone 1922-1932
Tues Rest 1947-1954 & 1958
Supp 1922-1932
Below 1922 opens up 1902-1912
This Week CPI & PPI Rpts Thurs/Fri
Da Boyz will play until then
Price reached upper Mnthly Sup 1902-1912 (July 30 post) today
Short term bulls MUST NOW CLOSE BACK Above 1922-1932 to TAKE BACK ST control from bears (since 1972)
FRI
Bulls Try & get 1922-1932 back
Bears want probe of 1900 area & test lower wedge line
1912-1922 = twilight zone
$Gold Inside the Monthly Bars for 2023
250 dollar range YTD
ALL Time Intra Year High = May 2023 (2078)
Highest Closing Month = April 2023 (1989)
2nd Highest Closing Month= May 2021 (1972)
3rd Highest 1968 = Jan 2023
Current Price 1972
BULLS WANT TO SEE OCTOBER CLOSE ABOVE 1989
$Gold
The seasonal 2nd dip we've been watching & favoring in play under 1972-1987 continues.
While there are no absolutes, the 2 most likely targets are 1902-1922 or 1862-1872
There is minor support near 1932 but not sure if it should be trusted.
When 1902 gave way & Sept Closed below it
$Gold plunged to 1862-1872 & gave way & now trying to hold 1812-1822
Last Years close was 1825 & this years low is 1802
It's not out of the question that it can test sub 1800
but this area is an important support band that bulls need hold
$Gold
We've liked & been watching 1753 as key turn point since 1722
Big rejection last wk at 1784 & prices plunged but the lowest close has been 1753.31
Today's blast up is big but now the BIG test between 1788-1804 Resistance THIS WK & want close above
This can be the "TURN"
$Gold
April ATH Month close 1989
May ATH Intra Day 2077
Oct 2nd Highest Close 1983 Outside Reversal Bar
=IMPORTANT BAR
Control boyz defending 2K for 36 months
That's a lotta work
Not if but when= SOON
For NOV
WANT A MONTHLY CLOSE AB 1989-1995
Don't Want MONTHLY Close below 1902
$gold on Tuesday is testing the 1922-1932 zone
Like we discussed Monday we are not out of the woods in gold
The liquidity squeeze in other markets can get deeper & spread so we have to be cautious on expectations
Need to bounce out of this range soon
CPI & PPI on Thus & Friday
$Gold Pullback Update
Cycles discussion last wk = Wk of Nov 6th being a🔑wk & potential Pullback to begin & 🔑volume signal = Control Boyz had entered
Price in sell mode since then
Lost 1972 & today high 1971
Daily Sup line 1947-1952
Intra 1937
Wk 1922-1932
Bulls need 2 step up
$Gold & 10Am Est = London, New York & Europe ALL trading = high Volume
That's WHEN CB's Acc or Dist
The greater the Sup/Resist Zone the more they R active
That's WHERE they do it
They spent last wk Accum as Price traded in our YEARLY Sup zone
U a trader?
Best Setups 10-11Am
$Gold
Last Wk price bounced around 1972-1982 all wk & on Friday broke higher to cl ab 2000
Daily Sup 1985-1995
Wkly 1972-1982 CL only & 1955-1962 intra wk
Daily Res 2009-2012
Wkly R 2022-2023
FOMC & NFP this wk = Apprehension to start wk
Favor back & forth ab & below 2k today
$Gold pullback tagged 🔑 sup zones just shy of Monthly Close only range 1902-1912 & held 1922-1932 as sweep of stops was quick. Price never closed below range on 4Hr
Bulls held 1922
Now need to recapture 1972-1982
Resist Wkly 1972-1982 & 1989-1995
Sup 1922-1932 & 1903-1912
$Gold Mid Week Wed 3/24/21
Biggest Test of year in GOLD = 2021 Downtrend line
If LOW in place, 1st clue is to take out downtrend line
LOOK, Bears defending for 2 wks
DUAL LINE CONVERGENCE happening right now
Above 1738-1747 = Bulls Control
Close Below 1722 = Bears Control
$Gold This Decade
173 weeks & again at cusp of the Central Bank Zone 2022-2032 & 2072-2082
I would think the Control Boyz try & fight it?
Thur is Monthly close & Friday is 1st Day of Dec so its a big week
While I favor a breakout, let us not underestimate the goons
Here we go
$Gold Long Term
October Closes Tues
OUTSIDE REVERSAL Candle
1st Leg up consolidations lasted 17 month
Had one just under 1K & one just under 2k
The one at 2K resolved to downside & retested 1K
2nd Leg up consol are 17x2=34 mnths
34 Just Ab 1k
34 mnths now comp just under 2k
Silver's COT dropped a 20% last week. That means a lot of shorts covered, and a lot of longs liquidated.
That means the Trend is up for grabs in July.
And as far as July's go ------69 years of data tilts the odds to a July bottom.
$Gold July 31st
Monthly close Resist 1972-1989
Daily R 1963-1968
Daily Sup 1938-1945
Wkly Sup 1922-1932
Monthly 1902-1922
Last Trading day of month sometimes have wide range
Anything goes inside pink zone of hell
Lets see what the overnight brings
$gold Daily View is at the Edge of the Wedge & potential to break out is high
Watch the wedge - as long as we're above 1922 the potential to take out the wedge is there
A break above 1932 opens
Daily Res 1947-1959
Wkly Res 1972-1982
Be careful
$Gold spent last 24 inside Wkly Pivot Zone 2022-2032
4Hr Close Below 2020 opens door 4 test at 2001-2009
Daily Res 2045-2054
Wkly 2072-2082
Daily Sup 2001-2007 & 1989-1995
Wkly 1972-1982
Whoever wins pivot zone gains advantage to target either 2072-2082 or 1972-1982
$Gold price dropped in Asia to retest Green zone & then moved back to 1922 for the NY open
Price retested 1932 last wks high & control boyz trying to keep zone from bursting upward here in NY
As discussed Sun night, 1922-1932 is 🔑 PIVOT zone for this week
Bull/Bear fight
$Gold hovering just below Wkly Resist at 2072-2082 in a so far quiet last Wk of 2023 trading
Daily Sup 2046 area (+/- $5 bucks)
Wkly Pivot zone 2022-2032
14 days above 2k
Wkly Sup 1972-1982
at 1/3 daily volume so far this wk
Tuff to gauge either way
Watchin 2072-2082 1st Res
Short Term $Gold nipped 2nd Daily Sup 1947-1957 (1956.71) & bounce back to 1972-1982 Pivot under way
Wed Sup 1947-1957 & 1922/32
Price met Min Fib 23% pullback (1961)
But worried about high vol bar fr last wk
Bulls try & recap 1972-1982 on Wed
But need CL Ab 1989-1995 Daily Res
$Gold Monthly failed to Close above ATH 1989
But Oct= OUTSIDE reversal Candle, Covered $200 dol Top to Bot & Cl ab BOTH EMA & DEMA averages
Dema tested at Lows
Long Term Trend up but 1 last Hurdle Before BIG BULL
Needs to MAKE 2K Sup not Resist
Nov
Res 2022-2072
Sup 1872-1922
$GOLD FOMC DAY
We reached our daily Sup 1939-1951 (low 1951.07)
Now at wkly resist 1972-1982
New resist from last week 1983-1990
Bulls must close above 1983-1990 to take back short term control
It's FOMC day so anything goes
Be careful
$Gold reached listed Wkly Resist Zone 2072-2082
A zoom out shows its not only wkly resist, but ATH resist as well
The Spike to 2150 began at 2070 &price revisited
2070 today
2072-2082 an important area on charts for OLD & New Bears
so continue to favor it as Imp Resist
#Gold
Long Term Stealth Bull
Jan 31= Monthly Close
PRICE at LONG TERM Resist Zone 1922-1972
Only been 3 Monthly closes ab 1922 Spot & None above 1972 EVER
1922-1972 =MAJOR MNTHLY RESIST & PIVOT ZONE
& last chance for Bear's to stop move that could target upper channel line 2400
What bothers me most about $gold is Silver. I don't like the pattern since Feb 18th
It can morph, but odds favor correction from Aug is not over yet & 1 final wave down to 19-22 still due.
DECADE low was only a year ago
Once wave C out of way, much higher prices coming in wave 3
$Silver Long Term
In the last bull market
1st got flushed out big time
Then price broke above the 3 long term mov ave's before the big move to 50
On its way it pulled back & retested the 34 month moving average 1 final time
If This Bull 4 real A RETEST OF 20.70 can be THE LOW
$Gold Autumn Perspective
Selloff began after last Day of Summer
October provides $200 Dollar Rally
Price Now in Mid Season Pullback
When you sit back & look, Gold trading about same price as last day of Summer
Bears tried to take control
Bulls responded
Need Strong Yrly end
$Gold Wkly Close
This wk's Posted Res was 1972-1982 & 1989-1995
Thurs broke above Wkly Res 1972-1982
Friday Touched our Intra Wk Res 1989-1995
Pullback into in NY close=Price inside Wkly zone 1972-1982
Wkly close ab 1982 would be nice, ab 1995 better
Bears want Cl below 1972
Last post from 24hrs ago discussed that the bull/bear line was 1883-1890 & that "the bears were waiting"
High on CPI report 1885
Bears have pushed price down to today's support 1862-1872 zone, but it does not mean they've won just yet.
Lets see if Bulls can hold 1862-1872
$Gold Broke out above 2072 & on a wild ride made it to just under the breakout zone 2172-2222 & reversed & closed back below 2072 and is now inside the Central Banker Zone 2022-2072
Wkly Resist 2072-2082
Pivot 2022-2032
Wkly Supp 1972-1982 & 1989-1995
Want wkly cl ab 2082
$Gold post FOMC 4HR View
Our 🗝️ # 1972
Globex Close 1971.35
Saxo Bank Global 1971.86
This rally started with an Inverted H&S
We now have an H&S
40% don't work - just beware there's one
Into Thurs Bears still have a slight edge as the close was below 1972
Need Ab 1972 Fri Close
$Gold has touched the 1922-1932 band of support this morning
While it is weekly support - i still cannot rule out a test of monthly (1902-1922) or seasonal support 1862-1872
Market should try a bounce from here -- 1st resist will be 1939-1945 today
Let's see what it wants to do
Last $Silver Update on Nov 9th "Get Ready" discussed high volume bar favored that Control boyz had entered.
Price flushed just below $22 two days later & Bear crushing 10% move higher to trendline top occurred
Price at Edge of Wedge = end of congestion & NEW trend emerging soon
@Cavandish42
Someone or something has been keeping gold from closing an end of month above 2000 for 12 years. The odds of that being a coincidence is very low.
Last Weeks
#gold
close of 1946 was the 8th highest ever & only $130 from its ATH
However, $gold greatest resistance is the Central Banker's Yellow Brick Wall at 1964-1989
That's the zone Bulls need to conquer for control of market
Wkly closes below 1920 gives control to bears
The $Gold bounce fr 1922-1932 Wkly Sup
hit Wkly Res 1972/82 zone
Now at 1958
ST Bears control 1972-1982
ST bulls control 1922-1932
Middle current battle Ground
Thur Sup
1939-1945
1922-1932
Res 1972-1982 & 1989-1995
Bulls WANT ab 1972/82
Bears need below 1922-1932
Big Pic Up
Last Wk's close not above weekly 1972-1982 zone & after a gap down Sunday night, $Gold traded Monday inside 1972-1982 zone
PRICE below GREEN MOV AVE 1st time since rally started = consolidation/pullback
Bulls Cont ab 1900
1972-1982 zone this wk's PIVOT
R 2022-2032
S 1922-1932
#Gold
Medium Term
The daily & Wkly close below important # 1922 (last post) sent price lower to next key levels discussed in past posts
1822-1832
The 2021 & 2022 YEARLY CLOSING PRICE is within this price band & offers 1st potential WKLY Close Supp
Most important area this wk
$Gold Monthly 2010-Present
Gold Closed July at 1966 (5th highest)
In a price display, it got within $2 of highest close ever during month & on July 31st it touched 1972 (2nd highest close) intraday
Central Bank Bull/Bear line long term chart = 1922-1989
Need to defeat this area
$Gold
NOTE
Dec Opt Exp Monday
Highest OI 1950-1960 zone = where CB's will make most $$ for month
Control Boyz make $$ to short via Options
Not always, but OFTEN win
So if trade to 1950-1960 odds favor Options related
Wkly Res 2006-2012
Bull/Bear 1989-1995
Sup 1972-1982
This Wk $Gold held 2003-2007 Daily Resist & 1972-1982 Wkly Sup
Control Boyz had hands full as NFP blew up
They Spent rest of Morn defending 2k
Traders did no better
We missed Oct Mon Cl ab 1989 Tues but look Wkly Price Supported all day in 1989-1995 zone
Next Wk 🔑Cycle Due
$Gold Held 1902-1909 last wk & closed 1922.31
Mond held 1922 all day
Now testing stops ab 1932 as Asia Opens
With FOMC starting on Tues Thru Wed 1 would favor inside 1922-1932 tonight & Tues
If not Resist 1942-1945 & 1951-1955
Sup 1915-1922 & 1902-1909
ST bulls control ab 1922
@FT__Trading
@AnnaOfTheOrder
When you boldly stated SPX will not reach 4600 --- and cash index printed 4599.25 & turned down --- and here we are........
Well, that was some piece of analysis
Fascinating
Thank you for sharing & hope to learn more from you
💯 🎯
Seasonal Update
We've been watching the seasonal play out & discussed that the bears needed a close above 1972-1987 to cancel the 2nd dip
Thus we remain in the 2nd dip until we close above 1972-1987
If that # changes I'll let you know
Potential targets 1902-1922 & 1862-1872
last $Gold post
"If Lose Pivot Sup 1999-2010 & 1972-1982"
Low this wk = 2002
Friday back inside Wkly Pivot Zone 2022-2032
Friday Close
Bulls want Wkly CL ab 2032
Bears want Wkly CL be 2022
Overall Range Bound with
2072-2082 Wkly Resist
2022-2032 Pivot
1972-1982 Wkly Sup