Gold Conflunce Levels
Quick video on confluence/intersection of 2 key trendlines. Watch here.
Trading Nasdaq Gaps
A quick video on how Nasdaq continues to respect the boundaries of major price gaps. Watch here.
My English Webinar at 1pm London
Do not miss my webinar today at 1pm London Time (4pm Dubai) on "Combining Classical Technical Analysis with Quantitative Analysis". Click to book your seat.
Gold Hourly & Daily
My latest video on multi-time frame analysis in XAUUSD. Watch here.
Gold vs Silver & the Ratio
Should gold bulls worry after XAU/XAG ratio broke a keyresistance 8-mth resistance? Yesterday's metals move was another poignant reminder that silver usually falls faster than gold during metals fears of faster rate hikes. The opposite also usually happens--silver's gain outpace those of gold during metals rallies. This relationship is best seen via the Gold/Silver ratio, which rallies during metals selloffs and DXY rallies. The chart below shows the G/S ratio broke above the horizontal resistance to mean that silver is at its highest level vs gold in more than 10 months. Although XAUUSD and XAGUSD continue to respect their trendline support, could the breakout in G/S ratio imply a signal of upcoming metals pain? Note DXY is struggling to break above its 200-WEEK MA while EURUSD is doing the same to its own 200-WMA (from a support standpoint).
Archives
