Comex
Gold potential short setup and break of ascending 2hr channelGold has pulled back to the .382 fib and key daily resistance (USD 1206.95/oz) where price is currently stalling. I will watch for bearish price action around this level and enter a position on a break down of the 2hr ascending channel.
CopperCopper Advance Call , possible Bullish Shark Pattern is developing, buy near 1.98 Tgt 2.098 & 2.168 Stop Loss 1.93
XAUUSD GOLD possible Bullish Bat Pattern, Short Till 1335, add more short below 1310 Tgt 1265 Stop Loss 1345
Bullish setupHow can we see, NYMEX:CL1! is rising and some indicators show this bullish move.
If the trend revert and pull back by 23% this strategy will be invalidated.
#GOLD WEEKLY FIB CONFLUENCE 1280-1380Rejected at .382 retrace from ATH. I expect the shiny metal to trade between blue highlighted area before a correction lower
Bump & Run Reversal - GoldXAUUSD was manipulated the last rally in the interest of selling at higher prices. Brexit was the catalyst. As a result a 'Bump and Run' reversal pattern is in place. XAUUSD is in the Run phase now where it's expected to form some kind of a bearish reversal pattern. I see Adam and Eve - double top is being developed.
Price is expected to visit the Lead-in trend, in green. In case the trend is broken, there is a high possibility to visit 1200.
Good Luck!
Bullish or Bearish?FX:USOIL NYMEX:CL1!
Big surprise! In today reached my goal it was for the week as shown in the graph listed below.
Looking at the indicators and ociladores we see the possibility of the market continue to grow, I believe that to $ 50, but stay tuned to market changes in the next days, I'm optimist about the bull on the market.
Saturated MarketCOMEX:GC1! The gold market is saturated by six days, be wary not to lose short timing with higher profit
SI Neutral AnalisysCOMEX:SI1!
The stochastic is showing a saturated silver market, but by observing the histogram can identify a slight drop in the MACD, however the case of a 4th wave in this trend we risk a bull market in the coming days, reaching higher values for the next week .
Oil for the next daysNYMEX:CL1! FX:USOIL
Pay attention to the ocilator and to the indicator, short movement for now
ConfirmationCOMEX:SI1! Be Aware! The next few weeks will be Bull and I'm optimistic about this, stochastic is growing, MACD lines crossing and the waves confirming that its time for long.
Nice Opportunity (1D) COMEX:SI1! All signals point bull time. But pay attention at 16.590 (first resistence)
Will Gold resume its Bull run?The decade of bull run from ~$260 in 2001 to $1920 in 2011 (6X) on back of safe haven buying and an investment asset class ended with revival in major global indices and on track economies. The 5 years of slow and steady pain from 2011 to 2016 where gold lost 45% of its glittering from its peak might come to an end. We might witness the resumption in the bullish trend on the back of technical setups. The rationale are:
* Morning Star - bullish reversal candlestick pattern
* Falling channel support
* 38.20% Fibonacci retracement of $260 to $1920
* 2/1 Gann fan line
* 141% Fibonacci time cycle of 2001-2011 ends at January 2016
* -DI sloping southwards suggesting bears are tiring
The above view would hold till gold doesn't breach $1000 and expect the move towards $1450-1600.
Gold - Bullish FormationGold trades near 5 years low hitting the low of $1073 in the early hours of day. The Bullish Three Drives suggest buying at the current levels with the stop loss of $1060 for the target of $1250.
Still struggling with low demand, Copper failed to impressTill now, we cant see any reason to believe Copper's uptrend at this moment.
Prices fall down as a main trend although it may rebounce a little bit in some next trading sessions.
Suggestion trading strategy: Long if touch 2.7050 again and keeping short position for next 2 weeks
