Hard Currency or Digital Currency? Recently, I attended several investment presentations and events where attendees discussed the future role of cryptocurrencies in investment portfolios and the market outlook—especially following Bitcoin's historic surge to $100,000. Personally, I view cryptocurrencies not in absolute terms but relative to gold prices. This...
I see price strong resistance and within a triangle pattern in a 1H chart and a bear trend in a daily chart with stochastics and oscillators indicate. The Fibonacci retracement lines suggest the next level is around 1,822 - 1,825 per troy ounce. Let's wait for the Fed Statement today for the price action.
Gold (XAUUSD) futures contracts traded at the CME have been proving strong momentum growth since the bottom of March 2021. The strong recovery in prices accompanied by many other commodities is now at the crossroad and traders may be asking whether the bulls are still in control to push prices outside the defined pattern (pitchfork). Our Technical Analysis...
NASDAQ:ABNB Today ABNB share price touched its IPO valuation. This is inlined with the behavioral pattern of many investors after an IPO investment. Nothing really has changed in terms of the business potential for managing the booking of accommodation of all kinds in approximately 100,000 cities in more than 220 countries and regions around the...
The silver (XAUUSD) has been trading in a range following the spike in the price last July 2020. Traders with bearish and bullish view are testing prices in the search for indications of the next level. The weekly chart shows this battle forms a consolidation process and a triangle pattern with bears losing power in every drop. A breakout occurs when prices...
Gold price soared to record highs of $1,754/once, close to the historical peak during the financial crisis in 2012. This is logic as investors see Gold as a safe haven during economics turmoils. But the Monetary System needs the society to remain faithful to the fiat currencies and therefore will do everything they can to influence the gold price. Indeed, the Gold...
Brent Crude Oil has been dominated by the bears due to the weak fundamentals and oversupply, demand constraint and insufficient OPEC+ agreement. Brent price dipped again after a short euphoria on the OPEC+ agreement reflecting conflicting vision on traders and investors. Having said that, the Technical Analysis reflects the market is re-testing the lower 20s range...
My fundamentals and technical analysis suggest the Silver is on an uptrend channel. Gold-Silver-Ratio indicates a strong dislocation in the precious metal market. Silver bounced back from 11.6 to 16.11 (at the 0.618 Fibonacci retracement line). Using a Pitchfork, I drew the upward trend crossing through the middle of multiples tops and lows since the 18 March (the...
Just an hypotesis for WTI toward February. More information have to be consider and next price move to confirm we could enter a consolidation pattern before it breatout above the 50s.
Gold price to test upward momentum. I see Gold comming off to the 1270 (around the 0.23 Fibonacci Retracement level) before advancing to the 1330 level, an upward trend shown consistent with the Pitchfork Analysis. Trading opportunity: If Long at Friday's close level Stop loss limit bellow 1270 Take Profit at 1330 Risk/Reward Ratio: 3.45
Gold price made two (2) important crossovers: Moved into the Ichimoku Clouds (@30min) and touched the support level of 1,887. There is a clear compression in the price with repetitive higher lows suggesting an uptrend support.
Weakening in the short-term, stronger in the long-run. In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern. The crude oil market continues oversupplied just...
Weakening in the short-term, stronger in the long-run. In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern. The crude oil market continues oversupplied just...