Positioning is extremely short both on Gold and Silver!
We are very close to a bullish reversal on both daily and 4H, which may cause similar short squeeze that we saw yesterday in EURUSD!
Daily:
- Ichimoku is bearish, but Price losing momentum. Market is very oversold with price far below equilibrium levels.
- Since 23/Nov bears have tried few more times to push price even lower, but close below 14 failed 4 times! Thus we have to consider it as a bearish consolidation, with some bullish divergence in haDelta/SMA3 and in EWO.
- Heikin-Ashi has some early warning for a bullish reversal and a possible pull back ahead
4H:
- Ichimoku neutral with a very thin Kumo above Price. Thin Kumo and flattenning 100 WMA shows despite some attempts to push lower, this mkt on average is just consolidating.
- Heikin-Ashi shows initial positive signals! haDelta/SMA3 bullish cross may happen above zero.
- Key reversal level is 14,15-14,20
Get ready to enter long! Watch it together with Gold!
We are very close to a bullish reversal on both daily and 4H, which may cause similar short squeeze that we saw yesterday in EURUSD!
Daily:
- Ichimoku is bearish, but Price losing momentum. Market is very oversold with price far below equilibrium levels.
- Since 23/Nov bears have tried few more times to push price even lower, but close below 14 failed 4 times! Thus we have to consider it as a bearish consolidation, with some bullish divergence in haDelta/SMA3 and in EWO.
- Heikin-Ashi has some early warning for a bullish reversal and a possible pull back ahead
4H:
- Ichimoku neutral with a very thin Kumo above Price. Thin Kumo and flattenning 100 WMA shows despite some attempts to push lower, this mkt on average is just consolidating.
- Heikin-Ashi shows initial positive signals! haDelta/SMA3 bullish cross may happen above zero.
- Key reversal level is 14,15-14,20
Get ready to enter long! Watch it together with Gold!
