Sublime_Trading

Sublime_Trading

Gold has experienced a lot of volatility recently and mainly due to the current health pandemic but price appears to be gaining some order now. Since May 2019, price has risen 37% but hasn’t formed the neatest of trends. There have been periods of pullbacks such as the period from the 4th September 2019 to the 6th January 2020. The sharp decline, which was a...

Sublime_Trading

The S&P 500 has made a good recovery so far since the declines from February & March of this year, but it still has some way to go before we can confirm the resumption of the bull trend. The December 2018 low is a strong level of support which helped to push price back up and through the 200 simple moving average. So far this week we are seeing an indecision...

Sublime_Trading

The S&P 500 appears to be making a comeback following the 32% fall in Febrauary and March 2020. But the probable comeback is still in the early stages where there is uncertainty. We can clearly see from the chart that the fall was caught by the December 2018 low at $2,346. After price hit this support level it quickly reversed back to the upside. Two things can...

Sublime_Trading

Gold is now making good progress after falling 14% from 9th March to 16th March 2020. After moving below the 200 simple moving average, it was unclear whether price was going to decline any further. On the 23rd March, price returned back above the 200sma where it was finding a base and the bullish momentum on that day was enough to push it above the $1,500 round...

Sublime_Trading

Palladium trended really well from May 2019 to February 2020 and was set to reach the $3,000 round number but the current pandemic had other plans for the economy. We soon saw a sharp decline in price, falling 47% in under 3 weeks, wiping out 6 months of gains in a fraction of the time. We are now seeing a different kind of behaviour in this commodity and price...

Sublime_Trading

The S&P 500 suffered over a $1,000 drop in Febraury through to March 2020 and appeared not to be slowing down. Price even closed below a major support level from December 2018 at $2,346. This was an indication of further weakness to come but you can never predict what price will do next which is evident here. Price quickly reversed back and is currently showing...

Sublime_Trading

The global markets have taken a turn for the worse lately and the S&P 500 is no exception. Since 2009, the monthly timeframe has been showing higher highs and higher lows. When a low is broken then this usually indicates that the prior trend has come to an end. The weekly timeframe shows that price has broken and closed below a major previous level of support at...

Sublime_Trading

Since Gold suffered a sudden decline from the 9th March 2020 high, price didn’t look like slowing down until it approached the 200 simple moving average. Price hesitated at this support level at first but the sellers forced price to move below the 200sma. Price not only had the 200sma as resistance at that point but also the $1,500 round number. With such a...

Sublime_Trading

The S&P 500 suffered a heavy blow when it started to plummet 29% from late February 2020 to where price currently lies. Despite recent events, the market is still looking bullish overall and will remain this way unless major areas of support are broken. This Index has been in an uptrend since 2009 and currently has an all-time high of $3,393 formed on February...

Sublime_Trading

Gold was on a strong move to the upside since finding support in August 2018 and rose by 46%. All trends come to an end at some point but Gold has recently come to a sharp halt. Despite the recent decline, due to the recent health epidemics that are affecting the global markets, the trend may not be over just yet. Price created a high at $1,703 on March 9th 2020...

Sublime_Trading

Gold is lagging behind Palladium in terms of price and growth since 2016. However, Gold has seen consistent growth and has been reliable for many decades and normally trends for many years at a time. After a long-term trend and peaking at an all-time high of $1,920 in September 2011, price started to decline over a period of 4 years. The decline saw a 45% move...

Sublime_Trading

Palladium has seen a strong rise since August 2019 with nice trends ranging from 18% to 38% following periods of pullbacks. This has been an overall growth of 106% over a period of 7 months. As with every trend, there will be pullbacks along the way and we are experiencing another one at the moment. When price pulls back, we always want to look for areas of...

Sublime_Trading

The coronavirus infected the markets last week, amid fears of a potential worldwide major outbreak and the possible effect that may have on the economy. In one week, price fell by over 10% which is a sharp decline in such a short space of time. The fall was only saved by a strong previous level of resistance turned support, formed from the high of 17th February...

Sublime_Trading

Palladium is proving to be resilient as it is finding strength after a sharp decline last week. The $2,500 round number has come to the rescue for the buyers and it is acting as a strong level of support for price. In January 2020, this round number was acting as resistance and forced price to pull back and now that resistance level has turned to support. The...

Sublime_Trading

The current 26% trend has now matched the trend from May to July 2019 in terms of percentage rise. It still has some way to go before it matches the 38% rise we saw from December 2019 to January 2020. Palladium has been forming a nice strong uptrend with clean pullbacks and smooth periods of consolidation. We are currently experiencing a pullback which could...

Sublime_Trading

Gold, until recently has been a slow mover but has now started to gain good momentum. After breaking above the strong resistance at $1,611 on the 20th February 2020, price has so far peaked at a high of $1,689. Whether this high will cause further problems for price is anyone’s guess but as price has started to pull back, a break and close above this high will...

Sublime_Trading

The S&P 500 is flying high since breaking out of consolidation in October 2019. Price has remained above the 50sma since and even used it as support on the 31st January 2020. Since October 2019, price has climbed up 11.5% and since the beginning of 2020, price has risen 4.3% We may see this trend last for several months and we should notice many UK and US stocks...

Sublime_Trading

The EURUSD has consistently been heading down since January 2018 but it hasn’t been the smoothest of rides. The journey down has been plagued with long periods of consolidation which are highlighted on the chart. The shortest period of consolidation lasted 53 trading days and the longest was 144 trading days. The most recent consolidation period was for 94...