Get started

Comodities

GOLD Working itself to top of the channel (scenarios)Gold has been falling to the bottom of the channel for 70 days and seems to have bottomed out at the $1674 level (previous pivot point aswell as the bottom of the channel). Look for a trade upto the 78.60% fib retracement level and wait to see if it gets rejected and take profit. If it has a daily close above the channel and 78% fib retracement level. If there is a daily close above and there is alot of volumes on the day after this would be a signal to get into a long position to the previous rejection point ($1959.70) . if a higher high is made and it closes as a higher high this would indicate it has broken its bearish trend and has flipped bullish. If gold however rejects and spikes a close below the top of the channel and the 78.6% level then this will give the signal to enter a short position down to the -27% level which is at the bottom of the channel.
TVC:GOLD
by james2004f
The dollar can have a surprise in store for us all!Watching the TV and the social media with it, anyone can be convinced that the dollar will keep getting crushed and there is no way but down for it! And that is why I am inclined to say that IN THE SHORT TERM, the DXY will go UP ! The S&P is at an ATH, so be careful for a good pullback. This pullback for the markets and rise of the dollar will be short lived because of the Fed. So use it as an opportunity to buy MORE! Target: 94.60
TVC:DXYLong
by ChildishMan