I expect GLD to continue its upwards trajectory. We see a nice fair value gap coinciding with the Fibonacci 0.61 level. Which supports a potential trend continuation after a retracement of the all the high level. I am very bullish and I think now is a good time to accumulate gold.
To put things in perspective, charts and fundamentals are clearly playing in favor of increasing oil prices. Inflationary risk was never away, middle east tensions are bigger than ever, equities at all times highs. I think we will have a round two in higher oil prices. However in the short term, I think we see a fair value gap in the region of 81.60 dollar/barrel....
I expect price to kiss the 40520 support level. I see a fair value gap around that level with a clean range. If this level holds then we could see an accumulation of purchasing pressure. From a fundamental point of view, we still see a mix feeling in the markets, on one hand strong equities supported by stronger U.S economic data, but on the other hands we see...
Dear reader, I expect EURGBP to trade quite silently. I'm only going to go over technical's, since I'm taking a day trade on this vs swings like I'm used to do for some of my shared research. I expect EURGBP to consolidate until NY session and open up to the clean range. I have no intention to take a trade If price goes downwards, simply because I think that...
Dear reader, I think that the charts speak for themselves, this paired with additional strength coming from fundamentals. Looking at the U.S. dollar (strong U.S. Market) higher yields stronger DXY day in day out, lack of stimulus from the JCB (Japanese Central Bank) I think the bigger picture is clear as water where this is going. The peak below the support...
Dear reader, From a technical POV EURUSD has traded below its 1D side support trend and consolidated. Its currently forming a range so I expect this to continue. However fundamentals are playing a big role here for its near future, not sure why, let me explain: 1: C. Lagarde ECB confirms she wants to see rate cuts 2: J. Powell FED U.S. and other officials...
Dear reader, I am very bullish on gold long term, but I think that the charts are speaking for themselves right now. Wait, you don't know why, I get you on todays latest data that came out: 1. U.S. retail sales in December exceeded expectations, suggesting a robust economy. Federal Reserve Governor Christopher Waller emphasized that the Fed should not hastily...
Dear reader, Hereby my insights and findings on Tesla Inc. I will cover 2 aspects: TA & PA and FA Technical and Price Analysis: - From a technical analysis point of view Tesla is creating a double bottom (price often reverts from there to the upside and vice-versa for a double top ) + there seem to be like a possible close above the trend lines with a candle...
Dear traders, For todays trade I expect price to move upwards before finding resistance and continue it's trajectory downwards. What experience and training have learned me is that ALL time highs and over-hyping are two killers in trading. Not understand economics and persuading yourself that you are right are just behind. (my view on what is happening on gold,...
Dear Traders, I already took a position in BTC, forgot to share it with the community. I expect BTC to reach the Monday Asian Low. Since London didn't provide enough upside liquidity to confirm upwards. And find support there for today. Never listen to someone else, always lose and win from based on your own judgments. At least you will never be...
Dear traders, I think from a technical standpoint the chart is speaking for itself. After our successful trade from yesterday that I shared with the Trading-View Community (long) I now think there is a corrective move on the way. Which is good. From a fundamental POV long term I remain bullish see note below: GBP continues to keep interest rates environment...
Dear traders, I think from a technical standpoint the chart is speaking for itself. GBP continues to keep interest rates environment higher vs JPY which was kept unchanged and low relative to GBP making it less interesting for investors to keep reserves. Never listen to someone else, always lose and win from based on your own judgments. At least you will never...
Dear trader, I think from a technical standpoint the chart is speaking for itself. Add this to this stressing fundamental aspects moving around, in disfavor of the economy, from a supply and demand level. With highly probably higher for longer interest rates and sticky inflation. Which makes borrowing less interesting for people and companies and more difficult....
Dear trader, Is gold moving upward or do we continue to see downward momentum? Fundamentally gold is a hedge against inflation but higher interest rates makes the yellow bullion less attractive for investors. Double cut sword. If we look at technical analysis we see a 4H supply level retest with a 4H order block/fvg kiss. I expect the trend to...
Dear traders, Looking at BTCUSD I see a big opportunity to trade short. I am already quite a bit in profit. I expect my trade to reach the 4H SSL before finding short term support and evaluate whether we bounce back or continue trending downwards. Looking at the daily timeframe I expect price to continue going down looking at market conditions. Rather than...
Traders, As you can see I am currently waiting for my setups to come into play: 1. Potential Entry at 1982.812 - target zone if price breaks, retest and confirms break of structure to the upside then go long. 2. Zone of bullish confirmation 1986.718 Supply from CHOCH 3. Potential MAX Target at 1993.550 Extreme supply 4. Support consolidation at 1978.469...
Traders, Are we seeing a support Only time will say!
My analysis: Long 🎯 1. Take-Profit Target: 5.298 📈 I've observed a strong level of market support with robust price rejections and extended wicks around $4.889 forming a solid BSL on the 4H timeframe. 📊📈 I am waiting for the market to confirm volume analysis together with price action. RSI and MA are also indicating strong bullish momentum. Let's wait. I'll...