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Welcome back folks, just a quick review.
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And I appreciate your align me to spend
time with my wife today for anniversary.
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So this will be a brief one, and
we'll be back in the swing of things
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tomorrow morning at eight o'clock,
Wednesday, 8:00 AM, New York time.
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Right?
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This is the dollar.
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Uh, we had outlined the likelihood
of the buy-side liquidity
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up here, drawing price up.
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And if we were to go above this.
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We don't want to see it
just peak its head above it.
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We want to see it drive hard.
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It did that today.
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Get back some of the gains in here.
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So we're still looking for that.
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One-on-one 60 level on the outside.
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And I said, if we did see this, that
would put pressure on the foreign
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currencies and make a little bit
harder for gold and silver to rally.
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But if it failed and tried to go lower,
then it would obviously give some strength
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to foreign currencies and gold and
silver could, could rally and it can be.
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Uh, let's go down to a four hour
chart and can see the four hour
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block here we referenced yesterday.
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And the sensitivity of that
level, I came back down into a
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smaller little order blocking.
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And then rally through one more time.
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Uh, we had equal highs in here yesterday.
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They were looking for, we did run
through that, came back down and
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one more aggressive, uh, rally up.
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I don't believe we're done yet.
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I still think that one-on-one
sixties most likely where they're
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going to have to take price.
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So it's going to continue to put
pressure on foreign currencies,
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Euro dollar liquidity pool resting
below the short term loan here
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again, disregarding the WIC.
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So 1 0 5 10 still is the
downside objective for Europe.
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And we could see a little bit of a
retracement back up into this breaker
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right here since the last down can the
rate for taking on a short term high?
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So we could come back and retest
at one or six to one or 6 0 5.
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So we'll note that and let's take
a look at that on a four our basis.
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Okay.
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You can see how price didn't dry through.
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At one of six big figure level.
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We were identifying yesterday and
aggressively moved through that.
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Okay.
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Moving over to cable.
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Uh, this pair is cables in a
strange, um, price patterns.
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A lot of wicks in here.
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We've already rejected this order block.
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So I saw saying we could
stay in this range.
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And even though we had some strengths in
the dollar, this pair distantly did not
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go down low enough for the conditions that
we would have otherwise expected to see.
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So again, it's holding
true to form an idea.
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We would probably reach
up and take these bodies.
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Yeah, it got close to it, but didn't
gave up the ghost and one of these
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equal highs here, but then rejected.
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But now we're still stuck inside
this little range in here.
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I'm not so sure what it
wants to reach for in here.
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I think it has more reason to take the
buy stops above the marketplace than
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any obvious levels on the downside.
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Now, obviously we have a
rejection block down here.
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We have to be mindful of that.
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So the open on this candle, that would
be the level watch for a 1 23 75.
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As downside objectives.
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Uh, we have short term low in here.
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We did clear out the bodies of these
candles and we're holding in here.
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So that may be another
consolidation and then drop lower.
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If we do, we'll be looking for the bodies
below here at 1 23 70 $5 CAD, still
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reaching lower for that one 30 level.
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Um, I thought we were
going to get it today.
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And then it came back with a really
impressive rally and corrections
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go into a four hour chart and
we'll see that came down into.
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This void closed it in nice
little reaction in here, mean
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threshold respecting of that.
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Um, but I think this might be just
one more little pop the drive right
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below that one 30 convincingly.
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So we'll probably watch
that tomorrow morning.
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Um, Again, it depends on what, uh, what
lines up technically across the board, but
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even with the strength in the dollar index
note, that we did not see an overwhelming
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surge and a rally continue on this pair.
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00:04:03,595 --> 00:04:07,675
As we were noting the last few
days, in other words, the pairs is
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very heavy, so it's having a hard
time getting above short-term high.
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All the dollar.
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We had an expectation that, that
we would probably see the equal
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highs in here, rally through, and
maybe even reach up in that 77 45.
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On the heels of a potential
consolidation on the dollar index.
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And again, this obviously makes it hard
for you to do it on a dollar rallies.
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So we're looking for the
one-on-one 60 on dollar index.
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We did get a little bit of a
surge on the Aussie dollar.
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The high on the high comes in
at 76 95 and today's high offset
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intraday came in at 76 96.
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So it only went one PIP
above and then rejected.
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Uh, they look at that
on a four hour basis.
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Okay.
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So we had price, how we were watching
this level and here for a potential buy.
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It came down, trade through.
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It had some sensitivity to his lower
little or block here, and that to
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assert that, um, Aussie dollar up,
just one PIP above the high in here.
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And if I'm not mistaken, I
think it's this one here.
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Still check that.
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Yeah, the high 76 96.
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So it really just made the same high that
you would make another higher high to went
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right to the same high and then rejected.
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But it's holding its ground pretty good.
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Um, it may not be done.
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I would have rather seen, like I
said, the level down here, much
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more secure as a, uh, structure
support, uh, 75 95 to 75, then.
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Even down to this last
little or a block here.
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So if you get down at that level, there
that'd be a nice swing trade entry.
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I think personally, and I'm
making a run for that 77 big
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figures notice they kept it there.
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They didn't take the 77
big figure stops out.
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So that's still there in, in potential
upside objective for this pair.
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All right.
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So we have Euro pound have a nice little
intraday rally through, uh, try to get
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back above the short-term low and let's
take a look at that on a four hour basis.
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Really nice run a bearish order
block and then rejection again.
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00:06:06,000 --> 00:06:11,340
So, um, it made a nice, impressive
intraday showing, but until we get back
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above now, these two quasi railroad
tracks rejection type, uh, formation
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on, uh, the candles, not because of
the candlesticks pattern, but because
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it was failing to get back above.
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It's all low.
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So that may be a catalyst for
continuation lower, and that
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gets us back to the daily chart.
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And that brings us over to the level of 83
40, still downside objective on this pair.
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So again, let's keep that in mind.
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Uh, gold had something about
the short-term middle pop.
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It moved off this high we were looking
for, I was looking for 1 12, 18, 1 12
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20, uh, the high, and here's one 12.
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Price hit it.
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We had a little bit reaction today
was nice earlier in the morning, but
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we're still looking for a potential
move up into that, uh, 1245 to 1250
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level closing in that fair value gap.
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So unless we lose yesterday's low,
we're still looking for higher prices.
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00:07:09,190 --> 00:07:12,789
I like to see the dollar consolidate
from a one or two days, not
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make that run for that morning.
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One 60 level just yet.
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Now it opened up the flood gates
for gold to get up to that 1250
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level again, it's dollar rallies.
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It's going to make it very
difficult for gold to rally
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silver.
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Uh, we had our 1800 level hit.
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One more time off the level
we were looking for as a
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potential buy a yesterday.
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Hit it one more time today
and a nice little reaction.
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00:07:36,555 --> 00:07:41,715
So I do suspect we're probably gonna see,
uh, Again, the same sort of situation
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as it relates to go with a dollar, if
the dollar rallies it's going to be
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very difficult for this metal, define
an expansion of any significance.
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So basically we would like to see dollar
hold off on its rally and consolidate
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for a day or two at its current range
on the daily for the dollar index.
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And then we could see.
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That 1820 to 1830 level on silver.
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It could get to 1840, but it's
never getting there in the
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near term with dollar strength.
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00:08:14,760 --> 00:08:16,320
So just be mindful of that as well.
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All of these still potentially could be
a run above that 77 level and recapping.
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Uh, we will be looking for one 30 on the.
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CAD bear.
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And we did have a little bit of a bounce
on a CAD yesterday off the level we
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were looking for for our order block.
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Uh, that level comes in at 24 90
and the high comes in at 25 45.
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So about 50 pips or so nice little
bounce off of an intraday level, fail
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to get to the level we were looking for.
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But nonetheless, it's something that,
uh, you know, gave us something to
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study and give us some price movement.
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And then obviously the, uh, the dollar
index did in fact search higher to
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00:09:00,704 --> 00:09:02,985
that directional bias of 1 0 1 60.
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So that's going to close it for today.
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Again, we'll be back at it tomorrow.
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Live session, uh, 8:00
AM, Wednesday, New York.
14375
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