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Might be better if the

Posted by johnny2012 on 17th of May 2022 at 09:14 am

Might be better if the fed speakers cancel their speaking engagements today with futures already up nice. Lol. 

4 speakers Steve posted yesterday the times. 3 or 4 pages back. Powell shows 915

Stay on your toes today.

Posted by johnny2012 on 17th of May 2022 at 08:58 am

Stay on your toes today. With all those fed speakers it can get wild. If you have to go to the bathroom take your laptop with you. 

Dollar taking a breather.

Posted by johnny2012 on 13th of May 2022 at 10:25 am

Dollar taking a breather.

5 waves complete in the

Posted by johnny2012 on 12th of May 2022 at 01:45 pm

5 waves complete in the wedge. Looking for a bounce to around 1870/1880 if the dollar can take a breather. 

Gold also exactly at symmetry

Posted by johnny2012 on 12th of May 2022 at 01:18 pm

Gold also exactly at symmetry from the first drop off the highs to the second drop from the lower high and now at support and a 60 min wedge. Great spot to stab at a long here. 

Annnnd boom. In the support zone guys and gals. 

Annnnd boom. In the support zone guys and gals. 

Possible bear flag on gold

Posted by johnny2012 on 12th of May 2022 at 12:42 pm

Possible bear flag on gold futures. 5 min. Would put it in the 1820s near that trend line I posted about earlier if it plays out. Would be a good spot for a long I think. 

I'm curious too. With the fed raising rates and dollar strong, hard to see gold rally. But would definitely appteciate some in depth analysis and opinion. 

Dollar been taking metals and

Posted by johnny2012 on 12th of May 2022 at 10:07 am

Dollar been taking metals and miners to the woodshed.

And big drop against the yen at the same time. interesting.

USD via $DXY is breaking

Posted by johnny2012 on 12th of May 2022 at 09:27 am

USD via $DXY is breaking above the long term 104 resistance this morning. 104.42 as of now.

Possible wedge on 60 min

Posted by johnny2012 on 12th of May 2022 at 07:52 am

Possible wedge on 60 min gold futures. Also lines up with the 1820 support line if it pushes down more. Maybe bounce around there if this plays out? Feedback and other thoughts are welcomed. 

Silver getting pounded again this

Posted by johnny2012 on 12th of May 2022 at 07:04 am

Silver getting pounded again this morning. Gold, not as much right now. Dollar index surging. 

For those trading gold futures.

Posted by johnny2012 on 11th of May 2022 at 08:56 am

For those trading gold futures. The 1820 area looks the be some support on the daily trend line drawn. If anyone else is trading gold I'd appreciate your input as well. Nice trade last night and took a shot short before the cpi data. 

Measured move achieved. 

Small inverse head and shoulder

Posted by johnny2012 on 11th of May 2022 at 01:00 am

Small inverse head and shoulder on gold futures 5 min chart. Positive divergence at the lows. Measures up in the 1844-1846 range. For those still up. 

Update from Night before last..

Posted by johnny2012 on 10th of May 2022 at 01:25 pm

Update from Night before last.. Gold is in the target area from the slanted head and shoulder. Trail your shorts if you took it. 

Kinda looks like it.. would

NQ 5min bear flag?

Posted by johnny2012 on 10th of May 2022 at 12:41 pm

Kinda looks like it.. would take the nq under 12k

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