Flat Top FlagGold has been falling lately due to a strong US dollar, technically we are currently witnessing another continuous pattern which a flat top flag. This is a signal that we may see more price drop as illustrated on the chart. Wish you all the best. Remember to use proper risk management. Lets Download Success.
G-money
Continuous PatternWe are looking forward to seeing if USD will continue being strong against Swiss Franc. If the price breaks above the bearish channel, we may see a bullish movement hence we will place our orders right after the channel breaks. I wish you all the best. Remember to use proper risk management. Let's Download Success .
Ascending ChannelUSDCAD is currently targeting to touch the upper line of the channel, as soon as it touches it, we are looking forward for bears to take over. We may see a huge price drop to the bottom trendline. I wish you all the best. Remember to use proper risk management. Let's Download Success.
Bullish Cypher PatternUSD is strong against Pound since last year June, we are currently seeing GBPUSD form a bullish cypher pattern. We are expecting a about 90% retracement over the next coming months. You can wait for a catalist to accure or jump right in. Wish you all the best Bulls. Let's Download Success.
Trendlines/channelUSD has been strong against the NZD for the past few months, the pair is trading inside a BEARISH trendline or channel. We are currently seeing the price touches the bottom trendline. Technically, this is a signal that we may see a big bounce to the top trendline, and bulls are ready to take over. Wish you all a productive week. Let's Download Success.
Long US Stocks After FOMCExpected Dump to new lows tomorrow evening after FOMC announcement, throw some limits down below to seize the opportunity. A lot of people claim a recession and what not is coming however we have been in one for about 3 years now. My view is that it is over and things are stabilizing.
Of course there are legitimate reason for while people have these recession views. I must say though I predicted the first run up from 29k in the middle of June 2022. The market didn't have enough steam to get back to 35k. I think these longs will be good. My assumption is that the market makers are taking out the people who were too greedy and didn't take profits a month ago. Reload and go again, take your best shot. I see Markets making new highs in January.
Gold in the next 24 hoursGold has been ranging for the past few trading days but I’m currently bearish, although she could potentially buy from this level, I do still believe she will eventually hit my 1650, which is the next major zone price would be heading towards. Keep your risk low if you’re trading bearish, Gold can be volatile at times and especially in a week like this when we have FOMC set to release, it could change the whole dynamic of my current perspective.
XELA How To Read The Chart When A Company is Diluting...Use McapXELA is in a descending wedge looking for trade. The company keeps diluting so the chart is difficult to grasp therefore using mcap instead of price.