Sugar looks like a textbook basing out here. What is key now is to get a recoil before the break of 15.50. So far so good. Target price of $24.
As the world entered its first pandemic in 100 years all financial markets cratered in early 2020. Even popular safe haven assets like $GOLD were not immune to the rush to liquidity amidst the panic and uncertainty. $BTC not widely known for its "safe haven" status also suffered the effects of this global liquidity squeeze. After 30 days of pain the fed ultimately...
Silver looks finally ready to make a move here. Time to take a starter pack. Looking to add aggressively above $18.71
Suggesting a trend continuation breakout #GOLD is showing Bullish RSI Divergence.
Aussie $GOLD $XAUAUD is respecting the major bull trend line to date. Expecting price to plot along for the rest of 2020 before making new highs in early 2021.
For 9 straight years the Aussie Dollar has been in a horrific bear market. And at this point I don't see any reason to bet against the re-emergence of this bear trend. Picking bottoms is notoriously hard (something I actively avoid). So thankfully with this setup I see a great risk reward opportunity on the short side.
To be honest I haven't been able to get excited about #SILVER for a long time. It threatened in late 2019 a few times to break up from the bear market only to be slapped back down. This of course is positive long term because the more it attempts the harder it will eventually break. It was only in the middle of March when we got the capitulation bottom that I...
Sounds crazy right? Well I thought so too but as history shows this scenario is entirely possible. Let’s start at the beginning. Its January 1996, President Clinton is in the final year of his first term. It’s an election year and no one is aware yet but the stock market over is about to go on one of its greatest runs in history. GOLD is falling off a cliff....