In my last post I didn't go in depth into the company and what differentiates them from everyone else. Their business has not been impacted by the coronavirus like other gold miners. It has not slowed down it's operations (see their website for more details). KGC has gained 89% while the industry as a whole has only risen by 49.2%. Having gone relatively...
expect up trend to 114.70 and after that reversal to 112.00 , looking for Bearish Price Action Pattern , I expect Big sell On this pair ! and same like audjpy and eurjpy ... lets see what will happend ! good luck
A great example with these stats on AUDUSD.... So many times traders ask about 'win rate', in a strategy with the right expectancy it's simply not important. Win rate without understanding risk to reward is a useless KPI - here we see a strategy where only 30% of trades 'win' - yet the average win far outweighs the average loss to give the great net profit stats...
There is no change in GOLD analysis, We are at the pullback on gold will take soon resistance . After the some time, I will update the accurate level for trade on GOLD
Damn Wuhan to hell for being so disgusting and eating rats and cats then getting SARS-CORV. Damn them to their filthy ways and let Gold shine bright for the darkness that is spreading. People in EU, UK, USA, and many parts of Eastern Asia are getting roasted by SARS-CORV and its all cause of WUHAN, CHINA. If you ask me I say we nuke em and buy Gold.
setup for a swing trade, on the weekly chart there was a new higher high created with a double top which confirmed my thoughts that it will be followed by the creation of a new lower low, this will be shown on the 1 hour chart, good luck traders! - Pauric Finnegan
Recently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up. Additional confirmation would be RSI divergence. OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both...
I actually got shook out of my DUST position flat yesterday because I didn't have a trade plan set up. Too bad. So here it is, pretty high risk trade as it stands if using GDX (long puts, never short shares without a long call to cover your butt, I'll write a book "Advanced Trading for Beginners") Anyway, I think we have plenty of downside here, unless GOLD GL...