GOLD-SILVER
EURJPY AnalysisI hope all Godal Member's, Traders and Aspiring Traders are all having a good start to the week and congrats to anyone who decided to use the previous charts analysis as a signal should be starting and ending last week profitable. Todays shared post is on .....
Pair : EURJPY
Time-Frame : Daily
Biased : Shorts / Bearish
Outlook: This chart analysis is based on break of a bullish daily trend and the identified formation of a head and shoulders forming . Now a new lower low has been made I will be waiting for a pull back to retest the new resistant level that has formed due to the support level being broken. Translating the new resistant level to the identified chart pattern, this will be the retest of the neck line and if personal entry criteria presents it self. I will be looking for further down side.
Mother of all Top in all AssetsWith so much money pumped in to system Like 2000. Dow should hit around 36000 and top should materialise by August/September. As it will be long term top. Not sure what will cause the top. it could be Bond Yields or Tax rise. something will break the system. First sign will be Trading Channel will be taken out after that Huge Gap down. then Game will be on. I am expecting all Assets to go down including PM. BTC will be first to top then everything else.
Sabina Gold and SilverChart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 2.09 CAD
Stocks drop and rising interest rates Commodities set to rise!As the stocks correct by 10% or more, I believe that the coming commodity bull market is set to come very early. The second factor for a commodity bull market is the rising interest rates. This is very bad for stocks, growth stocks especially as they cannot borrow more money to grow their company. The third and a bit smaller factor is that the dxy is rising and if the dollar rises, the stocks fall and then commodities rise. This is a hot new market to look for here. Warning2 I am not a financial adviser and take this with a grain of salt. Happy trading!