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2019

Gold trading lower on Trump health uncertainityBullion is seen attempting to regain some status above support at $1,882, despite leaving behind channel resistance-turned support, etched from the high $1,703. If buyers maintain a dominant position north of $1,882 this week, are traders likely to seek all-time peaks at $2,075? Upside momentum subsided heading into Wednesday’s session, and continued to establish deep retracements before finally testing resistance at $1,916 on Friday. Note price sold off from here into the close, underlining the possibility of reaching for support at $1,871 sometime this week.Given H4 demand to the left of price appears mostly consumed and daily price recently tested resistance at $1,911, cruising back to H4 support at $1,871 this week is possible. On the flip side, a H4 close above $1,916 may call for H4 resistance at $1,941, in line with weekly price holding above support at $1,882. Suggestion: BUY GOLD FROM 1888-85 SL BELOW 1874 TGT 1900-1905 ELSE SELL BELOW 1875 SL ABV 1905 TGT 1845
OANDA:XAUUSDLong
by OfficialYaMarkets
Pound facing stiff resistance, sideways persistsGDP data from UK came in at -19.8 percent against market expectations of -20.4 percent. The latest round of discussions began on Tuesday and reports indicate that negotiators will begin the process to finalize a deal as soon as possible. Prime Minister Boris johnson is considering slapping additional restrictions to curb COVID-19, especially in northern England. The rising number of cases and economic hardship are now joined by political issues. Technically, 1.29 handle on the H4 timeframe ended the week battered and bruised, encountering a number of whipsaws. Technicians will also observe an ascending channel in play between 1.2806/1.2927. Friday, as you can see, retested the round number as support and held a few pips north of October’s opening value at 1.2925 into the close. Resistance can be seen around the key figure 1.30, closely shadowed by H4 resistance at 1.3009 and daily resistance at 1.3017. Suggestion: SELL GBPUSD AT CMP 1.2905-10 SL ABV 1.2980 TGT 1.2820/2800 ELSE BUY ABOVE 1.2980 TGT 1.3020/3090 SL BELOW 1.2880
Short
by OfficialYaMarkets
1
I KNOW WE POSTED A LONG BUT!!!I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP. Looking now we have potentially a short position coming up. Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts. Remember just because we post something here. Does not mean we are taking the trade. The market can change very quickly. So we can be long 1 min then short the next. x
OANDA:XAUUSDShort
by FreeForexSignals
18
$VIX to point #TRUMPThe #VIX is on the verge of renewed volatility. Following the spike at the end of February, volatility then calmed from mid-March onwards. Immediately afterwards, we observe the formation of 5 bearish waves ending around mid-August with an exhaustion point S13 A new bullish wave (1) was then triggered and peaked with a SU9. Wave 2 came back to test a solid support (purple line) and is now triggered. Wave 3 (the most powerful) can now be seen with targets drawn in green. (Corresponds to Fibonacci projection) Today's recent news of Donald TRUMP's positive test for COVID19 seems to be the trigger signal for wave 3. The premarket data also seems to be pointing in that direction. A closure below 21 would invalidate this scenario.
CBOE:VIXLong
by MATHR3E
OPEC+ Boosts output put Oil prices downCrude oil plunged below 40$ on opec output news, Daily chart suggesting more weakness ahead till 35.50 levels with a mild support at 36.55 (sept 8th low) Upside resistance lies at 38.80 or 136ma. Almost all timeframes RSI trading at over sold regions giving some caution for fresh sells. Who ever sold at highs can take profit here and wait for the slight rebound till 38 level and take fresh sell for downside said level. Overall sell on rise is advised.
TVC:USOILShort
by OfficialYaMarkets
GBPJPY faded positive signs below 135.90A per yesterday outlook it fell to the channel support and gave a breakout at 135.90 and currently trading below that which becomes resistance now. Curently h4 trading with mild bearish bias with upside restricting channel resistance at 135.90 for the downside target 134.20-30 level wit a support at ma50 or 134.98. One can wait for the rise till 135.90 and can sell from there for the said target. Bearish bias will invalidates when prices breaks upside above 137.60 or 200ma. Overall sell on rise is advised for the day.
Short
by OfficialYaMarkets
2
Gold up, Trump and his wife Melania tests COVID PositiveGold shot up after plunge in Asian session with a low 1889 just below previous resistance 1890 now turned to support. H4 currently trading inside ichimoku suggesting sideways trading going on with a support at ma50 1882.41 with resistance at 1913.05 or 136ma. Stochsastic, RSI and momentum picked up slowly and turned positive which shows upside target 1920 in coming sessions. Bullish view invalidates once it breaks h4 ma50 and close with one full candle. Till then one can be on buy side with every dip for upside said targets.
OANDA:XAUUSDLong
by OfficialYaMarkets
2
Gold glittering on positive stimulus hopes...new month new levelGold prices Gold declined after a back-to-back advance as the first American presidential debate disappointed the market by giving no clarity regarding their policies and stances. If USD is to weaken as the stimulus package accord seems far away, gold could make its way back. Technically holding above 1880 and close abv 1889 could rise again to test immediate resistance at 1900 and 1905. Buying on dips is suggested.
OANDA:XAUUSDLong
by OfficialYaMarkets
2
Trump-Biden event fails to impress Dollar bullUS dollar index sinking for a second consecutive session Tuesday, Gold extended gains. From the weekly timeframe, bullion is attempting to regain some status above support at $1,882, after missing channel resistance-turned support, etched from the high $1,703, by a hair. On the daily timeframe, room is seen for buyers until shaking hands with resistance at $1,911.With price approaching resistance on the H4 timeframe: the double-bottom take-profit target at $1,903, traders are likely to seek intraday bearish themes, despite the yellow metal trading decisively higher since 2016.The combination of $1,903, H4 resistance at $1,916 and daily resistance from $1,911 might be sufficient to tempt sellers into the market today. Breaking $1,916, on the other hand, may ignite further buying (in line with the current uptrend) and force H4 resistance at $1,941 and daily channel resistance, taken from the high $2,075, into play.
OANDA:XAUUSDLong
by OfficialYaMarkets
Covid US Deaths Technical Analysisidentifying patterns. can see how the mac D on total us deaths is starting to turn bearish, i can see a slowdown happen around election day @ 225000 deaths could peak a few months past into new years @ 285000 deaths before really starting to flatline the squeeze indicator is also showing slowdown in confirmed deaths. we are hitting the top of the ascending wedge, (bearish) the MACD and RSI are both turning bearish as well election and newyears big things are to come. the virus is slowing down as the data shows. I dont care what the news say theres tons of other charts, like confirmed cases and such, but I just like confirmed deaths since the case numbers are not as accurate.
D
by ToddGreen
JSE T0P40I initially predicted a 17% decline on JSE TOP40, the move is well in motion. See link below South Africa has had one of the worse lockdowns in response to covid19 and it resulted in a reported decline of 51% in GDP. The unemployment numbers and number of business bankrupted are not yet publicly available. South Africa also increased its USD debt during this crisis and in a lot of ways money meant for economic recovery was lost to corruption. During this period there's also been increases in social grants and introduction of new ones despite the decrease in production. When more of the data becomes available i think the stock market will keep falling further, though i doubt new lows could be made, but i am very convinced the we could see prices falling to a range of about 34,000 - 35,000. Share your thoughts in the comments below Like and follow for more content Link in related charts Good Luck!!!
JSE:J200Short
by TradingWithTheTrend
3
Analysis of Inflation/deflation and covid-situationInflation: Persistent growth of the price level of a basket of selected goods. Deflation: Fall in overall prices in an economy. Increase in purchasing power of the currency. From deflation to hyperinflation, the historical route: 1. Central authority inflates paper assets, i.e. bonds, stocks and derivatives. Effect is capital inflow from real economy into paper assets. This leads to a deflation in real assets. This deflation is a result of a fall in demand in the real economy (money rather being displaced to paper assets). 2. Commodity prices lower than production costs. An effect of less money being spent in real economy. Commodity prices fall to attract/please customers demand-level. Counteracted with more monetary easing. _Security purchasing_. 3. Commodity producers either go out of business or cut production. 4. Point three leads to commodity shortages (creating excess demand), which in turn leads to spike in price. 5. This leads to a commodity-led inflation of prices. Capital flow from paper assets to real assets. Capital which has been bound up in the stock market will now flow into real assets. Exacerbating inflation in congruence with the degree of monetary easing done during deflationary period. 6. Loss of confidence in currency. This leads to a flux to hard assets!!! 7. Hyperinflation ensues. Theoretical basis for inflation/deflation (quantitative monetary theory): -The quantity theory of money states MV = PY (money times velocity = price times output). -This is the theoretical basis of the proportional increase/decrease in monetary stock/velocity. If perfectly inverse proportional, price times output stays constant. By this identity (formula) we can of course also see how inflation happens: If money increases while velocity and output stays constant, price will increase (inflation). Where are we at? -Degree of deflation can be represented by velocity of money. This metric has been falling sharply recently, and has been falling since -08 atleast. Central authority counterbalances this with inflationary measures like monetary easing. We can see by M2 Money stock and M2 Money velocity that both of these charts has gone full vertical just recently (january -19). -We would expect commodity prices to fall as well as security prices to raise. A study by Peter Oppenheimer (october -19), chief equity strategist at Goldman Sachs, shows that commodity are prices down 50 % since -08. While asset prices are up 300 % during the same period. Covid-19 lockdowns will effectively arrest the situation and temporarily kick the can down the road. How? -Less people frequent stores and places of physical trade: This leads to lower velocity of money. -By creating a supply shock/shutting down the economy: A supply shock happens when there is a lower output (Y decreases/GDP decreases). This leads to higher prices (see equation above). --> Effectively M (UP) x V (DOWN) = P (UP) x Y (DOWN). --> Lifting shutdowns will have an adverse effect on the deflation/inflation problem. _Dynamic inflation goal_… need I say the rest.
FRED:M2V
by wgpeders
1
$VBIV 10 Day MA Reversal and Curl on the Daily10 day MA reversal and curl. Today's candle is just now passing though the 10 day MA but still presents an opportunity for the bears so if the bulls keep the price up we may be able to break this and that should give confirmation of a bullish reversal. Inverted hammer appearing after the series of red candles is indicative that a reversal is about to occur. However, since the next candle did not open above the previous day's close, this indicates the bears may still take control. Further confirmation would be needed to take the trade long.Depending on risk tolerance 2.84-3.02 stop/loss 4.56 target, if it blows past that... woo hoo!
V
by VelvetBarbie
1
SPX - The second wave has started As we can see on the chart we have broken through the upward channel and we are ready for a correction. The correction on theory should have the TP1 target, but I think there is something else that could be going on. I have the following fundamental reasons for thinking that we will see much deeper drop: - The elections are comming in America and this creates a lot of uncertainty, because of the different policies that could get implemented if whoever gets elected. This makes investors worried and they could pull their invesments out till all of this has cleared. - The second wave of the virus has officialy started already in some countries like South Korea and also in Europe we see huge increase in new confirmed cases. There are many theories about a second wave in September which would be even stronger and this could scare investors aswell and pontetially close lead to closing down businesses which would triger even lower bottom. - The stimulus packages are not going to last forever! They actually helped people through unemployment and also gave a little economy boost, but once it is over, people won't spend money and the economy will slow down again. - There are many tenants who can't pay their rent and the landlords won't be able to recieve that rent, which they need to most likely pay for their mortgage, so this will lead to a chain reaction which will again slow down the economy and most likely cause housing crash. - There are many people who can't repay their loans, because they don't have a job or stable income, so there would be a higher default rate on loans. - The small businesses were damaged heavily by the virus and many of them won't recover, so this will hurt the economy and the people. - The gains we saw in the market are unrealistic and right now everyone is just buying in without good fundamentals, so this is bound to fall sharp at one point or another, because the banks have to take out their profits. When this happens and it is most likely happening right now, the market will fall and wipe out as aways the retail investor. My advice is don't short the economy just yet, rather be well diversified and reduce the risk! Make sure you have some money on the sidelines and be ready to buy into the market if we fall. Aways invest for the long-term and just be ready to buy more. Leave your comments bellow, if you like the idea give it a like!
SP:SPXShort
by donaitelo
4