Gold: Grizzly Style! 🐻The gold price was weak for quite some time now and has dropped below $1800 last week. We expect it to further decline and even move way past a mark of $1767. However, there remains a 25% chance of a bullish comeback, which would realize if the price would manage to stay above $1879. However, our primary expectation is that the bears took over and pull the gold price down for quite some time now.
Happy trading!
Dailymarketupdate
Dow Jones: Half Index, Half Amazing 🦅Soaring high, like Vince Carter back in the days, the Dow Jones looks forward to closing the week on a very positive note. Just recently, we have correctly indicated a target area between 30320 and 30480, which gave us a great entry point to profit from the upcoming rise. After that, the Dow did not disappoint us and continued its bullish rally. In the imminent course, we expect the Dow Jones to further grow to a level just above 31242 points. This increase should be followed by a corrective movement. In any case, we should now look to remain above 30412 points.
Happy weekend!
Nike: Just Do It! 💪Nike has been a strong player on the capital markets for a long time. Accordingly, we will see the stock price rise further in the future, too! There is little doubt on our side that this stock is staying a long-term Bull – Michael Jordan would be proud! Now, we are primarily expecting the price to continue to rise above $147.93. However, there is a 45% chance that we see a minor dip below $131.23 down until $120.90. Again, we think this stock is going up in the long run, which means that even from the price of $120.90 we will see the price increase after that correction.
Stay sporty, stay trading!
Procter & Gamble: Hole in One? 🏌️Be prepared for a nice hit at the Procter & Gamble stock! We are approaching the target range, which will be an amazing opportunity to add this long-term bull to your portfolio or to stock up your position. Primarily, we are expecting the price to drop a little bit further until at least $124.86 and then skyrocket past $134.74 and eventually past $146.89. Alternatively, and with a chance of 46% not too far behind the primary scenario, we see the price drop to $118.66 after which the price should also draw a similarly steep line past $134.74 and $146.89.
Don’t miss out on this one!
Ethereum: Working Hard and Smart! ⛏️Over the last couple of weeks, Ethereum has tested the indicated resistance zone above its ATH @ $1424.30. Recently, it has started another attempt to conquer this zone. Can Ethereum grasp a proper footing in this area? If so, the way paved for tackling new heights!
However, there is still a 40% chance that the price collapses if the resistance happens to be too strong. Then we will see the price drop below $1048.90 and even past $923.
Stay tuned for more Daily Market Updates!
0 to 100… Real Quick! ⚡Rumors about a potential run on silver surfaced some while ago on Reddit. At the end of last week, the run started and the silver price made a first jump on Thursday, followed by another sharp increase on Friday. Starting this week, we are experiencing another drastic increase in the price for silver, which also what we expected a long time ago. 😏
Now, it is important that the price does not fall below $28.10. In that case, we will see the price rising above $33. After reaching this mark, we can expect a corrective movement.
Stay trading!
Oldman Sachs 👴🏾Reddit, WallStreetBets, GameStop, Silver, Dogecoin, Shortselling, Twitter and so on. These key words are currently dominating the financial world. But what comes quickly, fades quickly, too. Let us not be distracted that there are thousands of well-managed and strongly positioned companies that await your investments. While many assets’ future already are gambles in themselves, there are some assets that have withstood time and will almost surely back you in retirement or pay off your children’s and grandchildren’s tuition fees. One of those assets is the Goldman Sachs stock. Currently declining, there might be a great opportunity opening up for an entry within the yellow box. Between $260.49 and $269.12, we expect a turnaround and a soaring Goldman. On its way up, it will surpass the marks of $281.90 and even $317,76, aiming for new peaks. It is important to note, however, that the price should not drop below $260.49, in order to keep the current scenario alive.
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Shining bright like a diamond? ♦️♦️♦️Yesterday’s GameStop phenomenon shook the markets, and the S&P500 took a hard hit, falling under the mark of 3750 points. However, we believe that this shock is short-lived, which means that we expect the S&P to rise again. Before we reach the critical resistance zone, which has been tested several times by the index over last couple of weeks, there is a 38% chance of a larger collapse all the way down below 3608 points. If the S&P500 can breach the resistance at 3868.9 points without collapsing, then we will experience a strong growth going forward.
Stay tuned for more daily updates!
Bitcoin: Now or Never? 🙏🏽The digital currency was everyone’s darling over the last couple of months. It took us on a heavenly bullish run over quite some time now. However, for about two weeks Bitcoin is struggling to keep up this momentum and has deteriorated. For the second time now, it has reached our yellow box in which we predicted it to turn around and go on another bullish run. Although there we are still positive that the next movement will be upwards and soar past $41969, there is a high chance of 46% that we see a further decline once the price drops below $28540. Therefore, these are crucial times and the Bitcoin needs to remain strong.
It’s now or never at this point!
Salesforce: The Force Awakens 💪In the vast emptiness of the universe, the Salesforce was long subject to much darkness, but it finally regained enough strength to explore new galaxies! In other words, the Salesforce stock has been within our designated target box for long enough after some months of decline. Now, it is time for the stock to leave the mark of $212.99 behind and push for a bullish offensive. According to our calculations, the stock should approach $284.47 and eventually exceed this mark!
May the force be in your portfolio!
It looks like … 📎If you were born before the year 2000, chances are pretty good you still remember Clippy the Microsoft paper clip! Many times, Clippy helped us get through the various versions of Windows when we all were bloody PC-beginners. We brought him back for a guest lecture on the Microsoft stock! He was so kind to provide us with an amazing chart and as you can see the situation is very interesting. The expectation is that the price will drop a little bit between the “window” of $220 and $225. From there, the stock is expected to jump over $232.86. However, there is an alternative course, Clippy says. Here, he sees the price further decline and drop below $209.11 and only turn around somewhere at $191.15. However, the primary expectation with a probability of 57% currently prevails.
So, exciting times ahead!
Tank Half Full or Half Empty? 🛢️This week was a particularly chaotic one for the British Brent oil. While it started strong, it lost almost all its momentum and dropped back to the levels at the beginning of the week. We expect it to further decline in the short run, but also to bounce back before it reaches $53.39. This mark is especially important. Below that price, our alternative scenario gains significant relevance, which now only has a chance of 35% to become our primary expectation. Nonetheless, as we see the price in this market rise above $60 in the long run, we stick to our primary expectation of a further increase in price after this low.
Happy trading!
Off we go! 🙌Except for Robert Kiyosaki, the writer of “Rich Dad Poor Dad”, only a few others seem to talk about silver. However, we might be facing a nice run over the coming days from this metal. We are increasingly confident that it is now leaving the mark of $25.12 behind and moving up to tackle $28.10. This is an important hurdle in our calculation that silver needs to take. After that, and just shy of reaching $29, we expect the price to drop for quite some time – even past $25.12, $24.04, and $23.63. Alternatively, we give a potential breakout over $29 a chance of 35% if silver happens to catch too much fire on its way up.
Stay trading! 🙌
Ethereum: Crucial Times 🎭Yeah, we’re all hyped up and optimistic about Ethereum – and there is little that speaks against this! However, if we were to throw ourselves blindly into every trade, we’d be gamblers and not investors. With Ethereum, we reached a crucial point. According to our calculations, we expect it to rise further above the all-time high of $1424.30, decline a bit, and turn around between $1424.30 and $1351 for another bullish run. But if Ethereum is about to make that move, it better makes it quickly! In the case it crosses $987 on the downside, we will face a stronger decrease in the price.
Keep your eyes open! 👀
Houston, we DON’T have a problem! 🚀I repeat, we have NO problem! Although being in a downward movement currently, the curve has entered the designated area in which we expect it to change its direction. Before we only get back $1.20505 for each Euro we invest, the price will, according to our analysis, turn around and further go up beyond $1.23. Previously, our calculated „turnaround zones“ turned out to be accurate and we are confident with this one, either.
Are you ready for take-off? 👩🏾🚀
What about Gold? 👀The financial world was so obsessed with the Bitcoin Rallye of the past weeks that we almost forgot about gold. Saddened by this lack of attention, the gold price took another dip this week. We expect it to further decline past the marks of $1817 and $1767, all the way down to somewhere between $1700 and $1720. In the wake of a currently correcting Bitcoin, the Bulls might start a comeback, pushing the gold price above the $1966. However, we give this alternative a chance of 35%, which should keep the Bulls‘ optimism in check – for now.
Happy trading! ✌️
The Force is strong with this one! 💨aaaand here they are! We are back above the $1000 Mark as the bulls break above $674. Wave 3 in Green extends without further corrections to reach the 300% Extension at $992. We think that wave iii in Orange is completed now, and the ongoing correction might extend towards the $850 area. If this is the case, we plan another long Trade in our yellow trading box. Ethereum should not break below the $845 to uphold the upside potential. Should Ethereum create another high above $1159 wave iv in Orange is already completed, this is our current alternative.
$1000 are coming! 🎉 Ethereum breaks above the critical resistance line at $685, thus confirming wave 3 in green. This leaves us with further upside potential. In wave iii in Orange, we expect prices at around $850. After another short correction, we might see prices touching into the 4 digit area. We went long, as depicted in the chart. We plan further long trades after completing the correction of wave 4 in green. The current wave 3 in green might extend and reach prices at $8000. In this case, the target of wave 4 is pushed northwards.
Happy Trading!
Quick Stop! ✋The EUR/USD reaches our target zone. Starting at $1.22593, the yellow box has stopped the bull run. In wave iv in green, the EUR/USD has space for further bearish action. The ideal turnaround zone is at around $1.20700. We have highlighted the turnaround area with another yellow box. Important support is at $1.20133. Should the bears break below this support level, a bigger correction is looming. Stops for longs should be placed below $1.20133
Merry Christmas! 🎄
….so here it is Merry Christmas! 🎅Everybody's having fun. Look to the future now. It's only just begun… We couldn't think of better words than Slade did back in '85. The Bitcoin Bulls deliver an early Christmas present and break above the 20k mark. The breakout confirms the bullish pattern as depicted in orange. We think that higher quotations are now inevitable, and prices have room to roam. Next Stop ist the 25k area. This target, however, might be pushed further northwards, depending on how bullish the upcoming days will be. Stops for Longs should be placed below $17629.
Merry X-Mas and Happy Trading! ✌🏾
It's now or never! Another Elvis classic that the bulls are playing! The outlook remains bullish as long as we stay above the $17629 level. This level is very important to uphold the bullish expectation as depicted in the chart. For a solid confirmation of a breakout, prices should break above the resistance at $19891. The bullish action would indicate another run towards the $25k area. There is no space for any weakness. In case prices slump below $17629, there might be a bigger corrective movement on the way. The primary expectation remains a breakout to new all-time highs. Stops for long positions should be placed below $17692/$16300.
Stay safe and happy trading!
🛢️ WTI Oil on the Rise!WTI is setting out to new oceans of black gold. The crucial hurdle for the bulls is now the resistance line at $46.68. The bulls need to break above this line to further develop wave in green. In case we fail, there might be a correction on the way. Under $43.92, the bears unlock downwards potential, and lower prices at around $40 might be imminent. For the first half of 2021, we expect higher shale prices at around $55.
Well done Bulls! 🐂That is precisely what we want to see! When we talk about a so-called 1,2 setup, which is the basis for an impulsive movement, we want to see a structure like in our EUR/USD chart. Wave i and ii in green lay the foundation for the impulsive breakout in wave iii. Ideally, we go long with the beginning of a wave 3. In this case, our entry in the EUR/USD has worked well, and we are currently just about 3% in the green (over 340 pips). We now expect that the bulls will continue to run into the $1,226 region before another wave of correction awaits us.
Happy Trading ✌️