Even though they are not my favourite instruments for trading, i thought
to give my view on them..
#XAUUSD has more potential bullish mood while the rest two, the bears
are having a party..specially on USOIL..
XAUUSD
Seems its trying to build a major swing here...meaning a higher low..
This means my strategy would be buying major dips in lower frames..
A very bullish trader could say that we r seeing a bull flag..I dont like the symmetry..
but could be..We need a valid break out of recent highs in order
to apply the upper targets...possible on 1100..
XAGUSD
Silver made new low..cant follow the tempo of Gold...in the downside channel..
in a bigger broadening triangle..The slow stoch doesnt help us..remains below 20
more than it should..No positive..No either a pos div...
So no significant signs of reversal..
to give my view on them..
#XAUUSD has more potential bullish mood while the rest two, the bears
are having a party..specially on USOIL..
XAUUSD
Seems its trying to build a major swing here...meaning a higher low..
This means my strategy would be buying major dips in lower frames..
A very bullish trader could say that we r seeing a bull flag..I dont like the symmetry..
but could be..We need a valid break out of recent highs in order
to apply the upper targets...possible on 1100..
XAGUSD
Silver made new low..cant follow the tempo of Gold...in the downside channel..
in a bigger broadening triangle..The slow stoch doesnt help us..remains below 20
more than it should..No positive..No either a pos div...
So no significant signs of reversal..
USOIL
Last but no least..USOIL has the worst price behaviour..for bulls...
I wonder who tries to catch the bottom while it has given great opp for
selling it...at least 2 times in the previous week..The slow stoch remains
below 20 for days...Bad sign..Sign of weakness...I dont care where is the bottom..
I prefer waiting for a potential HL...Till then...Selling in lower
frames at major peaks...
TheHawk
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