Longed at 1325. Gold in a Triple combo wave WXYXZ (abc, abc, abc) Volume anomaly on last drop. Nice volatility, I expect a good retracement from here (78.6 fib). This is short term, Nice Risk/Reward ratio. Huge volume support at 1319. If I spot this rolling over, i'll manage the stop accordingly.
Long on soybeans already. Price and targets on the chart. Patterns, volume seasonality. Drought in Argentina (supply shortage). Tight stops. Cheers.
I'll leave it here. Just for reference. I'm not calling anything. I've called it several months ago. As this coin hysteria was based on an experiment, this is an experiment too. An expensive one. This is the result when you bet your chances against the 2nd law of thermodynamics.
Wave analysis, harmonic on chart. Trade targets and stops. Let's see how it evolves.
My idea is supported by two main analyses: Elliot Wave count for a triangle formation ABCDE currently at E indicating a new impulse in the opposite direction might be coming. Bearish Gartley pattern fully formed. Bearish AB=CD pattern fully formed. HIGH RISK trade, remember this is against the major trend so place your stops accordingly. Risk/Reward ratio...
United colours of Benetton (?) Just toying around. Same fundamentals. Bull channel, bull flag... Let's play the game.
Stops above last local highs. Let's see how they evolve. Targets are blue boxes. Entry in light red, stops at hard red.
As stated in my previous ideas: shorting this is riskier than going long. This is just a TA with harmonic patterns, my previous trade, short term was based on the previous figure. Remember this is short term, play responsibly and always managing your risk. Place stops if you have no time for babysitting trades. Fundamentals still the same. New Fed chairman seems...
A quick EWA. Gold in a triangle cycle ABCDE (confirmed to the upside since the last high was higher than the previous). First expansive wave 12345 and correction wave ABC finished at the first higher low. Second expansive wave 12345 and correction wave ABC finishing at the third higher low. Now started a new expansive 12345, currently at the 3rd wave in the...
I'm just playing here a bit. Trying to model the possible scenarios. Both, using past volatility and through some sort of Elliot Wave analysis. It appears we are in a forming WAVE 1 (expansion), or could be a WAVE 3 from last climb. Also, we might be entering a ABCDE pattern, triangle or compression pattern. Let's see how it evolves. I'm long, of course, follow the trend.
End of year, volume stacking up. Seems like 2018 could be a good year for GOLD, Crypto's bloodbath could turn some attention back to gold. PMI inflation heading higher, rate hikes totally absorbed and fulfilling market expectation. PE ratios in stocks at insanity levels, bonds market HUGE fragility. My strategy this coming year will be building my LONG positions...
According to these "analysis" using proportional shapes using past data, fitting them in channels, fibs and s&r. This is some artwork that better describes my expectation. Obviously, the shapes could be easily combined heading south, but according to my fundamentals and this possible combination, I think we are going NORTH. Let's see how it evolves.
Quick one, using past price behavior. I see some more room to the upside starting next week, 1374 would be a good target, it will honour harmony from past waves and, remember, Wednesday 31st FED Funds rate decision will be hitting the market. I see a correction starting from there. Check the targets, we might see prices lower up to 1280 levels taking the whole...
The perfect example of "bubble" (for now). Will it be?
It might sound crazy, but those numbers are based on previous movements in 2003/2005 and 2007/2008 periods... So, it might appear stupid, but those numbers are actually plausibles if gold keeps its core investors profile. Anyway, food for thoughts.