A great opportunity to go Long Gold

Friends during the last a few hours we have seen a change in the market sentiment. BoE report signals a possible rate hike in August and since then all USD crosses are going to fade the hawkish FED tone last Wednesday.

I can see Shooting stars and inverted hammers in all charts. Let’s start with EURUSUD

Shooting star on DXY and divergence

Shooting star on equally weighted average and divergence

Clear rejection of on Nikkei futures

Oversold Gold

Equally EURO weighted. See the false breakout of the lows for last a few sessions.

US yields 2 years, 5 years, 10 years and 30 years all pulled back. See 10 years here

All bonds also bounced…

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