Dear Friends in Trading,
Experimental Test Phase Week:
Correlation Logic & Daily Efficiency - GOLD🔄NASDAQ🔄DOW JONES
🔎 Previous Week Observations -
Price built a volume base / cluster around 45,950 – 46,050 last week (multiple rotations here).
Breakout rallies on the 18th and 19th pushed price above 46,200, which is now acting as resistance/acceptance.
Current level (~46,273) is sitting right at this balance edge.
🎯US30 - 22Sept:
Pivot Area: 46,000 ± 50
Bias: Neutral-Bullish above pivot
Bull targets: 46,400 → 46,600
Bear targets: 45,800 → 45,600
👉 Gold and indices are inversely correlated intraday; if one pivots, the other confirms.
Dow showing slower but steady grind.
Needs >46,400 to confirm breakout continuation.
I sincerely hope my point of view offers a valued insight.
Thank you for taking the time study my analysis.
Experimental Test Phase Week:
Correlation Logic & Daily Efficiency - GOLD🔄NASDAQ🔄DOW JONES
🔎 Previous Week Observations -
Price built a volume base / cluster around 45,950 – 46,050 last week (multiple rotations here).
Breakout rallies on the 18th and 19th pushed price above 46,200, which is now acting as resistance/acceptance.
Current level (~46,273) is sitting right at this balance edge.
🎯US30 - 22Sept:
Pivot Area: 46,000 ± 50
Bias: Neutral-Bullish above pivot
Bull targets: 46,400 → 46,600
Bear targets: 45,800 → 45,600
👉 Gold and indices are inversely correlated intraday; if one pivots, the other confirms.
Dow showing slower but steady grind.
Needs >46,400 to confirm breakout continuation.
I sincerely hope my point of view offers a valued insight.
Thank you for taking the time study my analysis.
Note
1st Bull Target Reached🎯👌
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.