Cahrlie

Cahrlie Updated 

Bad news: earnings release, analyst downgrades, CEO bad press, Evolus botox approved. All bad news is out. Expect price to consolidate and move up from here. Lets wait and see.

Cahrlie Updated 

Long gold, Double bottom. Tight stop due to dollar strength.

Cahrlie

Trade the range. Stop above triple top trend line. TP @ bottom of range.

Cahrlie

Short area & TP.

Cahrlie

Entry Stop Loss Take Profit Trade the range

Cahrlie Updated 

Short at $1258-1260 area. SL above long term trend line. Simple. Good luck

Cahrlie Updated 

Last week we broke out from price range. For a few days the price did not move much at all. Since we have broken out this is a bullish sign. But we are close to long term resistance shown with the red arrow so the price may have topped. Stop loss and TP shown on chart, lets see how this goes. US markets closed Monday so we may not see real direction until...

Cahrlie Updated 

I think the bottom is in @ 1122. US inflation data is out on the 18th of this month. I expect this to increase with negative real rates which is good for gold. I also expect gold to rise on anticipation of this. Another big factor is Trump's inauguration date on the 20th of January. Since the US equity market has rallied since the election this could possible...

Cahrlie

the dust has settled after FOMC, 25bp priced in so this should bounce some. Situation in China might cause some instability in the market depending on how it plays out. DXY may still have some momentum behind it but once that stops this should turn. Good luck all