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Cozzamara76
@CozzamaraDaZena
, 11 tweets, 10 min read Read on Twitter
Rough structures #EURUSD and #GOLD since Feb 1st.
Additional infos iro #EURUSD vs #GOLD structure.
Both #gold and #eurusd exited the yellow trendline connecting high 2 to high 3🤔
It seems that on May 13 #GOLD made a move higher which was not felt by #EURUSD🤔 One thing they have in common is that on May 13 they both hit resistance. #Gold at 1.300, #EurUsd at 1.125👍🙏😃
Previous structures with the addition of a) and b) letters at approx. same time + same Simple Moving Averages (SMAs) at 150 for both. #EURUSD and #GOLD have different reactions on same SMAs because they come from different backgrounds. But their spirit is same vs dollar imho👍
Hypothesis N.1 #Gold #eurusd may be at the end of a bear rally ending with a top at 4 if investors have faith in a US China happy ending soon and buy the dip of #SPX at 2800.🤔
Hypothesis N.2 #Gold #eurusd bottomed their respective bearish trends and are ready to move above 1300 and 1.125 respectively. To bare in mind that at the end of May EU Elections which may be a good time for confirming a floor at 1.115👍
Please "unroll" @threadreaderapp 🙏
Hypothesis N.1 played well today. #gold pulled back from 1300 and #eurusd from 1.1250. #gold still supported though whilst #eurusd looks more bearish imho🤔🙏👍
#Eurusd vs #gold 24h later. Depending on volatility the magnitude of the move vary but the spirit is indeed very similar👍Once the direction is confirmed just need to work out a trading strategy to get in and out quickly without risking too much😅
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