Gold is dropping into a local GP coupled with a demand zone. Could offer up a decent long trade, use stops!
Couple general trade ideas that are willing to consider! What do you think? I am still holding a partial position short, if we break the local highs from today I will take profit and wait patiently for the next trade.
Couple general trade ideas that are willing to consider! What do you think? I am still holding a partial position short, if we break the local highs from today I will take profit and wait patiently for the next trade.
Interesting chart to analyze, will this pull more weight than the continuous chart?
With the dollar inching above the descending channel we may see a breakout. There after it needs to back test to see a bullish continuation. If this is the case it pays to watch gold! Trade safe
BTC will likely see a bounce of sorts here, use stop losses!
Just your daily reminder to keep the macro simple. Some simple levels to watch in the coming months.
NEM chart is brewing up a possible bullish set up. If we cross reference this chart with a current gold chart we could see a harmonious bullish reversal. Set your alerts on gold and NEM and we may see a great set up!
On the monthly candles we can clearly see some key horizontals, set your alerts and trade safe!
I am still holding some shorts, although things could change for gold here. I plan to maintain my position until my stops are hit (I have tightened my stops well into the money) or targets are hit. I do see a bullish case for gold here, use your best judgment! safe trading!
Crude oil is on its final push coupled with bearish divergences and major resistance zone. The last handful of times crude has reached this point on the RSI it has been followed by large declines in the following weeks. Trade safe!
I plan to short gold at the local GP and to cover shorts at the GP below! #playingthepockets
Crude oil is on its final push coupled with bearish divergences and major resistance zone. The last handful of times crude has reached this point on the RSI it has been followed by large declines in the following weeks. Trade safe!
Be prepared for a rejection off this zone. Red arrows signify my local targets.
Crude oil looks strong off of midterm support, if we continue to hold these levels I think a continuation in the upward channel is likely.
I have been short gold since Friday. DXY looks like it hit a short term bullish support, meaning gold will go lower. Set your alerts!
Potential long opportunity is on the horizon. Likely this week. Set your alerts!
MCD has come off a crazy rally and had slid into major upsloping resistance. In addition, MCD is also very over extended in the eyes of momentum. I have started a short position here.