My initial target on this pullback was 1190, however gold has managed to regain 1200 as the $DXY has rolled over giving up today's gains. Longing from these levels may be risky, but the reward may turn out to be lucrative depending on the volatility and uncertainty during the transition of power in the U.S. government through Monday. President Trump's speech...
Break out or breakdown? What's you don't see often is that the RSI is making lower lows while the price is making higher lows... if I'm correct that should indicate breakdown? Correct me if wrong.
Silver broke support on the 4H chart, can we see a pullback or consolidation to break out off the daily channel.
After Failing to reach 1220, gold is showing signs of short-term overbought. Don't rely on Yellen to talk gold up today as the $DXY is making higher intra-day highs.
Eur/usd Looking good as compression is present follow up on that usd/chf is moving down with a similar pattern indicating a bull move in this .Trade with care@2smart2trade
Missed the early breakout but still chased my way back into this trade usd/chf 0.18% looks beautiful right now trade with a tested strategy or replicate me as it is.Trade with care @2smart2trade.
If IT Breaks Out Higher Again Then We Can Say That It Will Remain In A Continuation State.Trade With Your Own Rules.My View IS Based On Deep Research On Pairs.Good Luck!!
Big cup and handle pattern on GDXJ. Trade at your own risk!
XAUUSD has a bullish pattern, Flag. Cheers!
As usual, I like to post what I am thinking, seeing and want to know and remember while trading lower time-frames. Timing might be off, though we fell quite fast, but here are some fibs I'd be watching if it turns bull. It would have to breach 1150 to the North for me to consider bull. Also, the moving averages would have to agree on what ever time frame I'm...
2 Moving Averages, MA11 and MA31, close. Safe gains, stop loss at break even. It's not every penny you could make but it is a safe way I made a few bucks last week while testing new ways to spot check another system/method I am using. $52 worth of gold movements last week wasn't too bad for a system so simple. Enter/close when the two MA's cross. If they are...
This crazy rally in stock market is being created with free printed money with close to zero interest. Trump saved 800 jobs but many companies are laying off thousands of people including GoPro to lay off 15% of work force, HP to lay off 4,000 employees, VolksWagon to lay off 30,000 employees and many other companies planned to lay off people in the next 3 years....
a popular one i watch when gold and silver moves. usually see a 10/20% bounce when PMs rally.
I would be positioned short the ratio (net long silver/gold) as the ratio looks set up in a bear flag, suggesting medium term downside on the weekly chart.
Goes against my bulled up metals view but will be looking to short above $61. May the meltdown china induced... writing in the tea leaves?