CGETrading

Daily Chart of US30 with Major Cycles.

US30 approaching cyclical support...

Today Russia attacked Ukraine and market have jumped another 400 pips. The MIDAS Top/Bottom finder indicator is warning for a Temporary High since there are only 5% fuel left in the trend. We are probably going to reach 100%/burnout by the end of today.

Gold makes fresh #Leg 1 to the downside while electing the MAJOR bearish reversal of 1836.10. The nearest bearish reversals starts at 1814.10 and presents the current trading range.

We are now trading above resistance.

Thank you,

Gold is consolidating awaiting the FED interest rate decision. From a technical perspective we are still trading within the daily cycle (blue channel), while resistance is sloping down (red line). We need to break and close above resistance before a push to the 1870 level becomes possible. The nearest major bearish reversal stands at 1814.10, this presents a pretty wide trading range from where we currently are: 1838. January 27th is a panic cycle, meaning that we could see an abrupt move with lots of volatility that day.

Price is trading above the downtrend line and is currently using it as support. We could see a move up from this level as it aligns with cyclical support as well.

Looking good! If price declines into March and then bottoms on the 14th of March at the 30k level we will have a great opportunity to go long for new highs all the way into 2023! March 14th is the next cyclical turning point and a low on that day will signal a rally.

15 Min TD Sequential 13 warns for a potential bottom is due.

Price have reached the reversals, a dip below 1824 will present great buying opportunity.

Note: There will be a maximum of 3 time units to the downside from the high before the next rally.

Now there is nothing stopping price from reaching the 1870 level. We should see a strong move to the upside in the coming days.

Price elected the major daily bullish reversal, so we are now officially in a bull market, at least on a daily time frame. Price stopped at the top of the cycle and we are probably heading back down to re-test the bullish reversal from this point forward.

Let’s see if we close above the major daily bullish reversal. If price close more than 1% above the reversal, then, it is very likely that price will come back and test it. If price close less than 1%, then it’s possible price will continue to the upside without testing it.

BRRRRRRRRRRR$$$$$$$$$ Overhead resistance start at 1840.

We are at the bottom of the cycle, a rally from here will challenge the 1832 reversal.

Today is the 3rd reaction in Gold from the Daily high made January 14. This means that today/tomorrow could be a turning point moving forward.

Buy buy buy brrrrrrrrrrr $$$$$

Kazakhstan – NATO & The ECM into 2032 https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/kazakhstan-nato-the-ecm-into-2032/

From a cyclical perspective a move down to 1773.20 seems likely, that would also be the 2nd leg down.

Todays Bearish Reversals to keep an eye on, 1789 1784 1773.3 1773.2 1771.1