Given weakness of dollar and necessity to hedge against the overextension of equities (which are really driven by FANGMAN, very weak this week), the 'pet rock' is showing strength. Since Tenkan crossed Kijou over the Kumo on June 19, the uptrend has been sustained, and another push towards 1850s is possible, especially as daily RSI remains above 60
Chart speaks for itself. Perfect bounces off of key fib levels. A bounce close to the .618 fib level would line up perfectly with the upper trend line of the channel along with the 200EMA. GC was not the most volatile stock but was a cash cow pre-covid with great margins and growth. Will continue to look for great buy opportunities even if we break below the...
Hey guys i just wanna say that i base my analysis on price action and its what i see its the same thing i analyse, i maybe wrong i maybe right and y'all know how the market can be so some workout others go wrong, we learn through our mistake or so i heard. To The Analysis Looking at the charts GBPCHF just hit a support level so we'll expect abounce to the...
Depending on alot of sign it seems like GC1! will be increased soon.
Our MicroVolumes algorithms suggested an intraday entry long this morning at 7am. Stop loss placed below these volumes.
Main items we can see on the chart: a) After a long time above a support zone, the price formed a clear corrective Structure b) The Corrective Structure was broken with a bullish movement c) Our main target for this movement is the next resistance zone at 1900-1915 d) Currently, the price is on its way to the Target e) However, in our experience...
Hello traders, After yesterday’s record, the Gold future seems to continue in its increasing trend. Right now, we have a green high volume that is a sign of a new impulse. GC seems attacking a new target level price. So saving our buying position seems a good choice. for intraday trading, we sell at the first red volume and a red candle.
A break below trend line or rejection from 1805 - 1820 with big volume can trigger a selloff. Confirmation needed
GC is at his highest value since 2013 , the only time it broke this resistance line was in 2011 . is GC able to do it again or will it make a reversal to return to lower value ?
Gold futures are grinding their way back towards all time highs of 1923 on the monthly chart! A break over that level would be bullish longer term!
Hello traders, What about Gold Future!! Let’s assume that GC is taking an upward trend since 5 June. However, GC has broken that line trend down, and it is going again to the previous trading range. Now, we have signs that GC will increase again (this is for intraday trading) and try to reach level L1, and could break it and reach the trend line. If these...
📌 Surrendering the resistance => Buyers taking the highs here would be unpleasant for any bears e.g those betting on the double top and everything is roses on the risk and economy front. From a timing perspective, with witching cleared and value Quarterly/Monthly end rebalancing underway we can be comfortable with the link to Gold. In this position which has...
Depending on alot of sign it seems like GC1! will be increased soon.