Gold XAUUSD - Pinnacle Point!
Updated
On the daily we see a TTM Squeeze about to happen, we have a TTM Squeeze on every chart below the daily the potential for this set up is a huge move up or down in addition to 200mva cross-overs on lower charts and retracement starting on 15 minute chart..
Overall I still see a reset in sentiment before we see HH's - so I would like to see this go down.
The levels of support are: 1750, 1575 and 1300.
More charts below...
Edit:
Overall I still see a reset in sentiment before we see HH's - so I would like to see this go down.
The levels of support are: 1750, 1575 and 1300.
More charts below...
Edit:
Note
The 4 hour chart: Price is already mingling with the 200 moving average and we almost had a complete TTM Squeeze set-up (Bollinger bands contract inside Keltner Channels), but it was close enough considering the other charts.
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1 hour chart Another squeeze happening along with multiple crossings of the 200mva. Big move is coming!
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30 minute chart we have the 200mva crossover happening in addition to a TTM Squeeze.
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15 minute chart we have a 200mva crossover with a retracement before going lower AND we had a previous squeeze that initiated the crossover.
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Weekly chart shows retracement starting to go back down. Look out below!
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European Central Bank chief economist Philip Lane confirmed that the dollar's plunge is likely over....zerohedge.com/markets/record-number-bulls-euro-ripe-tumble-after-euphoric-run
Which means dollar will go up, stocks go down, along with gold...
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HUGE NEWS! Largest shareholder of Tesla, just cut his position. Tesla and Apple eclipse the market, which means the market is going to tank. Eerie since the 1927 stock decline happened September 4th 1927. If the market plummets, so will gold. Please check my previous ideas below for the links and charts...zerohedge.com/markets/tesla-tanks-largest-outside-shareholder-cuts-position
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