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[GVI Forex 2]

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[Mtl JP]

imminent
GOLD 2447.47
–

In Israel, Support Grows for Offensive Against Hezbollah – wsj aug 14
As the U.S. works to avoid a regional war, inside security circles some wonder whether now is the time to risk one.

[michael Calif]

Aug 11 repost:   nearby Gold futures should peak and turn lower no later than Thursday    :gtwo3

[GVI Forex 2]

XAUUSD 4 OUR CHART – NO NEW HIGH

XAUUSD was setup to go for the record 2483 high but hit a stone wall below 2480.

See this chart for levels (and the trendline)

[GVI Forex 2]

Dollar is holding up to firmer despite soft US bond yields as those trading on yesterday’s news are not smiling.

It remains to be seen if EURUSD can hold above 1.10 if the USD keeps a bid elsewhere.

On the other side, if 1.10 holds it keeps a bid.

[GVI Forex 2]

AUDUSD 30 MIN CHART – TRIPLE TOP

Check out this chart….

Courtesy of The Amazing Trader

[GVI Forex 2]

AUDUSD 4 HOUR CHART – NOT A GOOD DAY FOR THE AUSTRALASION CURRENCIES

Another example of a the Power of 50 with the upside contained below it (at an AT resistance)

As this chart shows, a break of .6579 would be needed to negate the upside risk.

[GVI Forex 2]

Stocks giving back gains….

[GVI Forex 2]

EURGBP 1 HOUR CHART -Watching this cross…

Note how EURUSD lost its strong bid after EURGBP topped out.

On this chart, it would need to break .8571 to negate the upside risk.

[SF Monedge]

It is likely that the Eu sell side runs out of energy a bit headed into tomorrow.  No technical damage has been done but that does not mean there will not be.  There has some transitioning in other instruments which are a bit of a catalyst, some already executed, and some waiting to execute.  These are beginning stages and there is not enough catalyst yet to immediately and profoundly change things.  Yet.

Side note –

For those who’s brokers have use of it, I would recommend giving a platform called QST a look.  Purely for execution through your broker and/or analysis purposes.  I used it when I was a CTA and it was quite helpful.  It will not work well for you if all you seek is a simplified view of things, but if you wish for a more wide view of the internals of markets and neural approaches then it is beneficial.  Disclaimer, I have zero affiliation with them, just attempting to be helpful.  Caveat – it will take time to educate yourself.  Not for the impatient.

Ultimaely Amazing Trader can be very helpful and add visible structure on a retail scale especially in my opinion.  Caveat – I do not use it but I can see its worth immediately just based on my experience and understanding of a wide swath of things.

[GVI Forex 2]

While past performance is no guarantee f future results, I pay attention to Michael’s calls on the EURO

August 14, 2024 at 1:54 pm
michael Calif

time to Sell EURUSD; USD futures have bottomed :gtwo3

[Mtl JP]

euro 1.1020
anxiety pricepoint for those who went long here earlier

[GVI Forex 2]

Power of 50: EURUSD high paused below 1.1050 (high 1.1047)

[Mtl JP]

IF euro 1.1025 breaks
odds are for 1.10

[Mtl JP]

EURO 1.1027/25 s/t Sup

[Mtl JP]

the average investor
vs the top dog investor vs numnuts

then there is the legendary Nigel Jubbs,
with power to instill fear in any class of not investor but gamers including bank prop desk operators
only because do not invest and all they try to do is skin moola in a pure effort for one-way insta-benefit.

[Mtl JP]

EURO 1.1039
–
looks like euro has seen its (double) top today

gunsligger time

[SF Monedge]

For the average investor the big question every day is “just shut up and tell me to buy or sell.”  For portfolio managers at Goldman Sachs the question of the day is “where are we in our positioning with relation to our ongoing allocations and Volume Weighted Average Valuations and are we at valuations that warrant further input or further hedging.”  So the net result is the people running billions try to talk to day traders but they have trouble understanding their language, which sounds like Martian to them, and which is based on a lot of understanding.  And so the day traders lose patience and say again, “just shut up and tell me to buy or sell.”

Which is a missed opportunity if you don’t have the patience to listen.

So Mars to Earth – I prefer the sell side on these pull ups today even though it is against the grain, because I am seeing things that point to a gradual shift in overall bias.  In fact, when Dow hit 398.50 that was a decent spot worth consideration.

And I will be buying more UsdJpy any minute now.

[GVI Forex 2]

You need a roadmap to pick out what flows are driving the market… JOY up, CAD up, AUD (and NZD) down

[SF Monedge]

JP- The PM was already impotent, which is the opposite of important, so the reaction has been muted and not conducive to population growth or impactful Prime Minestering.  New era.

[Author]

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