Live Daily Bias Analysis on PPI

Live Daily Bias Analysis on PPILesson 9 of 125 min read

The daily runs today

The third market, where the weekly and the daily disagreed again in the other direction, and the reason the daily is the one an intraday trade follows.

The third market is gold, and it is the mirror image of the last one.

The reading

The weekly is a seller. The fall from 2,440 to 2,396 is the leg that set it, and its middle sits at 2,418.

The daily is a buyer. Price left 2,396 behind and has been making higher lows since. Gold was trading around 2,414 that morning, still under the middle of the weekly fall.

Weekly seller, daily buyer, price between the two readings.

The rule stated plainly

When the weekly and the daily disagree, an intraday trade follows the daily.

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