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Very futuristic GOLD-USD idea.Here is a double top with a potential third touch before reversing again. That's my idea for now. If it manages to break above then I think it will have a higher chance of being a fake out. At last, it might just break above and reversing totally. So that means even if I fail 2 times before, the third will be a win with a very high chance and I will then win back both the two last losses and still gain a little cash. This is the meaning behind risk management.
FOREXCOM:XAUUSDShort
by CyberFxTrader
The Depression of 2022-2024In a severe economic contraction with unemployment above 10% and interest rates above 5% ( mortgage rates above 8%) puts the S&P's probable trough multiple below 10. My projections based off of: the contractions of 1920-1921 & 1929-1933, the current data on manufacturing and services in the USA and around the world, and the money supply. 100-125 earnings per share at a multiple of 10 would put the S&P below 1250 at its potential trough. Current S&P Earnings projections expect some to no growth, but I expect Q3 2023 S&P EPS to have contracted by at least 50% from levels it reached at its peak.
SP:SPXShort
by Alexander_C_Lambert
SHOP short tradeShort term short trade for shopify. Short at 36.50 initially potential pull back but higher short at 38-40 will monitor. It's recently broken out of a descending channel due to earnings. I expect momentum to potentially continue depending as it looks like the indices want to extent a little further before pulling back. Confluences for trade are: historically 60-80 RSI has been pullback area for SHOP. 61 FIB is also around this area Top of recent trading range 20-50 ema may reject again but will monitor. has traded below one another since breakdown at the top. looking for a 5-10% move to downside back to 32-33 area.
NYSE:SHOP
by JamesFlem
1
Gold could drop from resistanceAfter touching 1620 on Friday, Gold has reversed strongly finishing the day towards 1660 resistance. Looking at the posted daily chart we can see that the bearish structure is still intact in spite of this almost 400 pips reversal and will remain so as long as the 1680-1690 ceiling is intact. That being said, my medium-term outlook remains bearish and I expect a new wave of selling. Also, those of you who are calling for a double bottom should know that this pattern is confirmed ONLY by a break above 1725 TVC:GOLD
FX:XAUUSDShort
by talhashaheen
ETH - Mid Term As you can see, Ethereum around this time played out similarly in its past with this bottom trendline. As a result, I remain convinced that Ethereum will find support from this rejection for the third time. Moreover, after finding support, Ethereum will proceed to break through the bottom resistance and attempt to retest the top resistance line. **You can visually see both trendlines resistance and support overall better with the line graph rather than candle graph**
BITSTAMP:ETHUSD
by JINXx-X