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Archive for June, 2014

Yes, I am trading 5m charts on XAU, but only because volatility (though GVX doesn’t show it that much) has been exploding in the Euro and US sessions.

That shooting star (yes, though a blue candle, it comes as a topping pattern) is caused by a short squeeze at 1275, which was taken out within a few minutes. A beautiful confirmation followed (combine those three down candles), making this pattern one of the best examples of an evening star pattern I have ever seen. HA and Ichi confirms. A point and figure chart should show a high pole reversal.

Is this asset driven by ISIL/Iraq, or rates? Anyways, it is at resistance on a falling channel right now.

20140613xauusd

To the best of good buys.

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