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XJO, Gold, MOY and others, page-6790

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Anonandon

3,305 Posts.

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19/07/21

17:22

Post #: 54609317
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Originally posted by pachelbel: ↑

Another nice manipulation of the XJO today to get it back above the short term TL on the close....LOL.

Further proof the whole market / run up has been driven by just one big self-fulfilling prophecy.

View attachment 3384134

1-min chart:

gap down below TL in morning, then bounce off lower ema back into the gap / TL level, then finally a break above and looking like close again above TL...right on the close..just to make it look like trend is still intact. Unlike previous bounce and attempted bear trap / breakout setup which didnt see eventuating given lack of a decent basing patter/period (only ~3 wks) after several mnths already of continue daily/wkly higher highs, we could see possible bounce but lower high this time leading into a consolidation back into 'traders zone' favouring lower ema.

View attachment 3384128

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Surprised by how well the local market did today. I think tomorrow will be a down day as well.

The AUD is looking sick and offsetting the gold drop. Hopefully some nice entry points coming up soon on some local miners.
2 Upvote

0 Great analysis

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