Copper just broke out of the uptrend and targets 2.15. Cheers!
JPM is struggling to make new highs and has been lower low for a while. Once it breaks the 2009 black trend line it will be a free fall to the green support line from 1990's low. Once that breaches JPM might become a penny stock. Ultimate support MIGHT BE around $1 or $2. Those who missed to short Other so called good bank, still has time left to short JPM by...
Gold move down finished nicely, now looks to go long in 3 waves, triangle structure. Be wary of a break low of the trend, that invalidates this move.
This bullish Gartley completed about 2 hours ago...steep downtrend so i am waiting for RSI to be overbought on 4hr...a bottoming formation .and ideally a break of the downtrend....lots of upside potential... A clue for direction of Gold and silver??
Follow the Moving Average. Price always comes back to MA + interesting support levels. Be cautious if 1300s/1260s Broken. This is not a trade chart. Observe price behaviour. IMO Fundamentals stronger than Technicals during "uncertain" times. Disclaimer: Even though we hold a few short positions, overall we maintain a bullish bias at key support levels.
We're already long here with a very tight stop. I'm looking to add next week if we make a new weekly high, there's a considerable chance that this stock launches into a strong thrust to the upside from here, so try to take a small position initially at least. Good luck! Ivan Labrie.
One last upward breakout until Gold comes crashing down? Although most data suggest that the Feds will be raising interest rates this month. I somehow feel like Yellen is reluctant drive down corporate America (surprise surprise) and will be giving them one last ride until December.
Good luck! Play safe. Play according to your plan. We will update when enter into a trade. *JPY quotes are approximate.
I'm expecting USD to decrease in value relative to other currencies by FED policies such as Quantitative Easing & NIRP We may not see this until after the US elections to ensure a Clinton victory, but i assure you they cannot tolerate deflation and will print their way out of it so long as they can I feel the FED's actions will lead to increasing inflation over...
Gold buy till 1320 target minimum 1345 Stop loss 1315
Almost a complete capitulation here... giving another try. Possible technical breakout, with tight stop loss...
As things stand right now, it looks like the next move in precious metals is going to be sharply up unless dollar does some trick. World is now peacefully accepting the reality that no matter what, the rates are going to be lower. US treasury yields can't escape the malaise and savers are going to be punished hard. If Gold and Silver can't be tamed by strong...
Adding to my physical holdings below $1328. Silver chart is a bit less clear but should it get smashed down to the $19.15 area when gold reaches $1328, it'll be extra confirmation.
Gold created a weekly False Break last week when it climbed above the trading channel's top and declined back below it as the Dollar gained strength. The false break along with the close below the Fast SMA line are two bearish signals (very premature signals) that may indicate that Gold is due for a pullback. 1350-1360$ is a potential minor Sell Zone to monitor...