UnknownUnicorn3954476
Target and stop loss as displayed
Short OIL (unless 22 breaks upwards) Saudis not giving up on his so far, no demand, aeroplanes grounded, China running on demand from Mars? (no where else is really open for business properly)
Simply buy on the 200ma until it gets broken. If it does break, wait for retest upward of the 200ma and only if fails to get back above 200ma, then close your longs.
If the current easing continues, balance sheet expansion, QE, interest rate cuts (to hold the economy up during COVID-19 outbreak) then we should easily see above 1920.. However, if the market genuinely tanks and we enter a recession, gold will temporarily fall with equities too. But shouldn't expect much of a drop below 1525.
Broken below the upward trend line. Closer to 98.20 by end of next week than current 98.70.
A NO DEAL BREXIT IS COMING - 'they' don't want a deal, UK international banking assets jump 10-20% on a devaluation. - Thats a revaluation of £100bn-£200bn onto UK banks books. - Then all the short seller positions Then banking deregulation - We even avoid the EU tax cutdown law in Jan 2020 - Borish Johnson reiterates UK is leaving the EU on 31st...
White House focusing on limiting China stocks and governments funds. China tones down trade expectations for Thursday.
Quite simply based on historic support/resistance and volume profile.
Dropped below double bottom on the hour, Germany technically in recession. Doubts around FED.
We have 3 contenders of resistance. First the 100 MA, second the 50 MA, third the down trend line from 19th September last week. Short here down to the 2924 level where a lot of volume was accumulated, buyers will defend positions here.
Should be heading back down to 1495 and below. Only a short time frame prediction
DOW struggling at the 25820 volume profile price. Predict it to head again to 25575 area before a bounce.