Hi traders, Psychology says, there is no reason to sell gold. Gold had completed their legs. Long wicked candle respect the trend line. So we can see some bullish bias. Buy from $1795 with stop of $1786. Target $1820 and $1840. Every system has a limitation. Good Luck!
hi Traders, Reasons for short: Lockdown policies tighten. U.S -China tensions rise. Earnings seasons kicks off. Double Top technically. Recomendation: Short from Current price $3170. If market break initial target of $3090 and place 4h than next target will be $3090. Stop should be $3185. Every system has a limitation. Good luck!
Hi traders, OPEC+ will Taper cuts and and Russia’s top producers are also preparing to increase output. The additional supply will hit the market while the U.S continues to struggle to control fresh outbreaks of the virus. Moreover, increase in tensions with China also hit market sentiment and prices dipped going into the close. Technically: Conflict area of...
Hi traders, Gold creates Head and shoulder pattern and also reject the Double Top. Candles shows some bearish momentum and Price action. 1st confirmation after closing of 4 Hourly below Hull moving average. 2nd confirmation,when it breaks $1772 conflict area of Neck line and weekly PP. Recommendation: Short after break the $1772. Targets are: $1758 and...
Hi Traders, Sp500 has had a fantasitic move higher in the second quarter, and a little pullback is expected in SP500. Moreover it creates double Top and prices are going to break MA and Trend for bearish move. Recommendation: Short from current price $3118. Targets are: $3095 and $3050. Stop should be $3155 Every system has a limitation.
Golds pop at $1800 came as resoundingly as the cork flying off a champagne bottle. That should please the safe-haven crowd that has stuck with gold for nearly nine years now, watching their fortunes rise and fall with the peaks and valleys charted by the metal since the September 2011 record high of $1,920.85 for spot gold Recommendation: Buy from current Price...
Hi Traders, Gold exactly touched the trend line and dropped rapidly. May be it Retest the levels of $1764 and $1750. Stop should be $1790 Good Luck
Hi traders, New Flu strain found in China; WHO warns "the wrost is Yet to come". Technically there is strong support of $3068 where trend line is placed. Recommendation: If current 4 hourly candle placed below $3068 than Short! or If break and placed next 4h above $3068 than Buy. My vote for Short. Good luck.
Hi traders, In above chart you can see market is still in consolidation phase after failure of double top. Moreover today GDP data from canadian side will also create some significant impact on Canadian dollar. Recommendation: Short from current price $1.5335 0r Short after break $1.5310 Area. Targets are: 1.5250 and 1.5200. Stop should be 1.5430. Good Luck!
Hi traders, In above chart you can see market is still in consolidation phase and ready to make some big move. "Silent before Strom". Moreover today GDP data from canadian side will also create some significant impact on Canadian dollar. Recommendation: Short after break $1.9360 Area. Targets are: 1.9300 and 1.9260. Stop should be 1.9410. Good Luck!
Hi traders, In above chart you can see market is still in consolidation phase and ready to make some big move. "Silent before Strom". Moreover today GDP data from canadian side will also create some significant impact on Canadian dollar. Recommendation: Short after break $1.9360 Area. Targets are: 1.9300 and 1.9260. Stop should be 1.9410. Good Luck!
Hi traders, As you seen in above chart conflict area of Hull moving average and Trend line indicates some bullish bias. Moreover Corona virus 2nd wave Halt the economy. Recommendation: Buy after break of $1774 level of conflict area.. (dont wait for candle closing) Levels are: $1785 and $1800. Stop should be strict at $1763 Precautions: This analysis fails...
If gold breaks Trend Line of bottom side level of $1758 than it confirms the bearish bias and you can get $30 dollars in a single day. But if it will break $1758! Good luck
In the short term, I think buying short-term dips makes quite a bit of sense, as the $1.58 level is the beginning of massive support that extends down to the $1.50 level. Breaking down below that area would be extraordinarily negative but I do not see that happening based upon historical charts in the fact that we are starting to see several companies out on the...
As you seen in above chart of gold inverse head and shoulder pattern. There is two barriars ahead. After break of these two levels we can see bullish bias. Confirmation Levels: $1737 and $1745 neck line. Targets are:$1757 and $1778. If fails to break $1737 barriar than little pullback to $1718 Key level. $1718 is a Turing point if market will not hold this level...
Hi Traders, As you seen in above chart Silver broke the neck line of head and shoulder pattern and creates bearish bias. There is also Conflict point at Neck line area, where Hull moving and key level conflict each other. Recommendation: Short from current price $17.40 Add more volume if breaks $17.28 Level, its also called confirmation level. Targets are:...
Hi Traders, After FOMC gold moved rapidly upside and behaved very irrational. Whats next? Psychologically: Gold is basically cover the positions of those who stuck in bullish bets last week. thats a last time you see prices at this area, Technically: Gold is follow the Trend line and is in consolidation phase, focus on 4 hourly closing and price action for...
HI Traders, As you seen in the above chart EURUSD creates double top. Divergence in RSI also indicates some bearish bias. TP: $1.1298, $1.1260 Stop should be $1.1395 Every system has a limitation! Good luck