BlueHatInvestor

GOLD chart mapping/analysis. Gold's massive (algo-triggered) blow-off top killed the bullish momentum - pending further selling pressure if DXY/bond yields decide to rally into end of the year.. Trading scenarios into EOY: Selling pressure towards 50% Fib initial support zone. Bearish EOY capitulation target = Golden Pocket support zone. Expect any bullish reversal to be met with sellers, pending underlying relative strength in DXY/bond yields. 38.2% Fib / 200SMA confluence zone as potential target for short positioning, TBC.Gold chart update (Thurs 14/12): Price action held 50% Fib - ripper bounce post-FOMC to re-test ascending trend-line (green dashed). Initial consolidation range = ~2040 psych &/or upper range of parallel channel (light blue) / 38.2% Fib. Expect further strength in precious metals if US bond yields &/or DXY extend weakness into EOY.

GOLD chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.

BTCUSD chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.Bitcoin BTCUSD Write-up (29th Nov) BTC - what a beast. Price action continues to grind higher since rallying off lower range ascending parallel (white) back on 16th October. ~38000 playing key psychological level & failed to break-out twice, while middle parallel trend-line (dark blue dashed) acts as rising support + bullish flat-top pattern development. Punter consensus = anticipated ETF launch as catalyst for breakout towards upper range parallel (white)/50% Fib confluence zone...or could be a "Buy the News, Dump the Fact" event, TBC. We shall see.. DYOR.BTC rips higher, just short of tapping 50% Fib - now consolidating within tentative trading range ~42160 - ~41320.

Bitcoin BTCUSD ~ November TA Outlook (Daily Chart) BTCUSD chart mapping/analysis. Bitcoin continuing to march higher & higher after bouncing back in Nov-Dec 2022 off lower range of ascending parallel channel (light blue).

Gold / XAUUSD ~ Bearish H&S Dump / Emerging Asset Divergence GOLD undergoing Bearish H&S - clear break below neckline; trying to establish a base to reverse momentum & re-test support. Unusually strong selling off no immediate news - feels like possible "Sell The News/Buy The Fact" event ahead of US CPI release, TBC.. DXY - up/flat/within range US Treasuries (long-dated) - down/flat/within range Silver - down/flat/holding support Only Asset Class exhibiting similar volatility is Bitcoin, up over 4% (potential divergence with Gold, TBC). Bullish Support Confluences: - 38.2% fib retrace (~1903) - July 2022 trend-line (~1900) - Psychological level (~1900) - August 2023 lows / demand zone (~1885) Bearish H&S Extrapolation Targets: - Primary = gap fill (~1870) - Undershoot = psychological level / trend-line / August lows (~1900-1885) - Overshoot = 50% fib retrace (~1850) Wait for re-test/neckline rejection to confirm H&S pattern is in play...alternatively higher than usual implied volatility from macro-economic influences warrant risk mitigation (ie wait for the dust to settle) before entering a position.. Trade at your own risk! GC1! XAUUSD SILVER BTCUSD DXY DX1! US10Y US20Y US30Y

GOLD seizing on relativeness weakness from Bond Yields across the long-ended spectrum.While Bullish momentum is encouraging, a definitive close above ~1913 (61.8% Fib) will be transformational.Resurgence in Bonds will most likely pressure Gold back into downward trend towards Gap Fill/78.6% Fib, or further capitulation towards $1800 territory.Traders will be paying close attention to Jackson Hole Symposium.Note:- DXY has also been rallying while Gold shows relative strength - demonstrating that Bond Yields are indeed the underlying driving force, interesting.Boost/Follow appreciated, cheers :) XAUUSD GC1! GC2! US05Y US10Y US20Y US30Y