Dear Friends in Trading,
Experimental Test Phase Week:
Correlation Logic & Daily Efficiency - GOLD🔄NASDAQ🔄DOW JONES
🔎 Previous Week Observations -
Price built a volume base / cluster around 45,950 – 46,050 last week (multiple rotations here).
Breakout rallies on the 18th and 19th pushed price above 46,200, which is now acting as resistance/acceptance.
Current level (~46,273) is sitting right at this balance edge.
🎯US30 - 22Sept:
Pivot Area: 46,000 ± 50
Bias: Neutral-Bullish above pivot
Bull targets: 46,400 → 46,600
Bear targets: 45,800 → 45,600
👉 Gold and indices are inversely correlated intraday; if one pivots, the other confirms.
Dow showing slower but steady grind.
Needs >46,400 to confirm breakout continuation.
I sincerely hope my point of view offers a valued insight.
Thank you for taking the time study my analysis.
Experimental Test Phase Week:
Correlation Logic & Daily Efficiency - GOLD🔄NASDAQ🔄DOW JONES
🔎 Previous Week Observations -
Price built a volume base / cluster around 45,950 – 46,050 last week (multiple rotations here).
Breakout rallies on the 18th and 19th pushed price above 46,200, which is now acting as resistance/acceptance.
Current level (~46,273) is sitting right at this balance edge.
🎯US30 - 22Sept:
Pivot Area: 46,000 ± 50
Bias: Neutral-Bullish above pivot
Bull targets: 46,400 → 46,600
Bear targets: 45,800 → 45,600
👉 Gold and indices are inversely correlated intraday; if one pivots, the other confirms.
Dow showing slower but steady grind.
Needs >46,400 to confirm breakout continuation.
I sincerely hope my point of view offers a valued insight.
Thank you for taking the time study my analysis.
Nota
1st Bull Target Reached🎯👌
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.