It was exactly one month ago (October 19) when I reversed my bullish thesis on WTI Crude Oil, calling for a top and a reversal: As you see, the top got priced exactly on the March Higher Highs trend-line and the rejection successfully took place. Even early into November, the Lower Highs peak formation

  It’s been a while since I updated my Gold thesis. My last post was a short-term bullish trade on 4H: That target has been achieved and now we have to switch back to 1D for a more effective evaluation of the current trend. Obviously that is bullish as not only has Gold (XAUUSD) been

  Oil is approaching the most important trend-line on the medium-term, the 84.80 – 85.40 Resistance Zone. A break and session close above 85.40 should technically aim at the 2.0 Fibonacci extension of 92.50. On the other hand, a rejection at 84.80 should aim at the 1D MA50 (red trend-line) and the Lower Lows trend-line.

  Gold broke above the Channel Down and the 4H MA50 (blue trend-line) in the aftermath of the Fed Press Conference yesterday. This is a short-term buy signal towards the 1834.50 Resistance. On the other hand, if the price breaks below the 1,757.50 Support level, it’s a strong sell signal towards the 1,720 August Support

  WTI Oil is on a typical Bearish Reversal pattern and the first signs of this were given last week as posted on my most recent analysis: Right now the price is on Lower Highs, similar to the July peak and reversal fractal. If a 4H MA50 (blue trend-line) / MA100 (green trend-line) Bearish Cross

  Even though my firms thesis has been very bullish on WTI Oil long-term throughout the whole year, that doesn’t stop me from spotting potential medium-term tops and technical corrections that only serve for sustaining the uptrend on the long-term. An example was my following idea on October 19: So far it appears that the

  Pattern: Bullish Megaphone on 4H. Signal: Buy as the price rebounded after breaking just below the 4H MA50 (blue trend-line), in similar way as the August – September Bullish Megaphone. We are now on the second red arrow leg. Target: 1810 and 1820 in extension (symmetrical levels from Aug-Sep). Tradingview  link: https://www.tradingview.com/chart/XAUUSD/H8W2ZvG9-XAUUSD-Close-to-a-Golden-Cross-Next-Targets-1810-1820

  On my most recent WTI Oil idea I laid out the reason why I expected it to tun parabolic towards $82.50: That target has now been reached and on the 1D time-frame, WTI is approaching a very strong Support cluster both on price and RSI terms. As you see the price is close to

  This is a follow up to my most recent Gold analysis: The Inverse Head and Shoulders pattern worked perfectly and the price easily broke above the 4H MA200 (orange trend-line). As it got rejected on the psychological 1800 level, the potential of a Channel Up emerges, similar to that of August that tested the

  As per the last XAUUSD idea, the price broke above the 4H MA50 (blue trend-line) giving a strong buy break-out signal: Right now the price is consolidating with the 4H MA50 in support, much like the July and August fractals (circles). Naturally the next target remains the 4H MA200 (orange trend-line) around 1780 and