Gold has broken below a key trendline and is currently back testing it. If gold confirms below this level we can expect lower prices in gold in the following weeks.
Check your charts folks, Gold looks like a short. Use stop losses and enjoy
Pfizer is one of those companies that we all feel has been shady and the stock value shows it. As much as human emotion can draw this value down, hedge funds and smart money will start stepping in now. The chart says it all. We are talking about one of the longest running publically traded companies folks, this will rebound. Its not a matter of if, but when. I...
USOIL has rallied over 8% in 3 trading days right into a major resistance channel, a minor descending channel, and previous support levels. I am leaning short here, good luck!
I have been short on oil for weeks, now i am leaning bullish as we collide into important support. Multiple factors at play here at this level, all of which are noted on chart. Volume has reset. Be cautious, but don't be afraid to try this level.
Keep an eye on the volume and the technicals. Midterm oil will drop.
Gold has formed and confirmed a new ascending parallel channel and has also reset momentum on the oscillators. If the DXY continues to drop lower I think Gold is set up for a nice rally into my take profit zones noted on the chart (red lines).
Gold TA is looking primed for a directional move, my bias is leaning lower on gold. Trade safe!
Gold has lost its uptrend support line and is currently back testing this line. If rejected off the line it is a short confirm signal.
As seen on the charts, gold has broken macro support levels. Gold will likely continue its trend lower to the next support shown on the chart.
As seen on the charts, gold has broken macro support levels. Gold will likely continue its trend lower to the next support shown on the chart.
As the dollar breaks its ascending channel, gold is breaking higher. Both assets are at crucial zones, everything is noted on the chart! Good luck, safe trading!
As the dollar breaks its ascending channel, gold is breaking higher. Both assets are at crucial zones, everything is noted on the chart! Good luck, safe trading!
See the chart for a simple USOIl idea. trade safe, good luck!
Gold has rallied into the high point of the multi month descending channel and has also been rejected off of the local GP. I believe a short is in store for gold here. Although I am short, a long scenario is always present. (noted on the chart) Safe trading friends!
The US dollar is presenting two likely scenarios. The FOMC meeting today will determine the direction the dollar moves into the daily close. Also use this chart to aid your TA on the Gold chart. Goodluck, trade safe!
Follow the notes on the chart for a simple, yet affective, trade plan. Good luck, trade safe!
Follow the notes on the chart for a simple, yet affective, trade plan. Good luck, trade safe!