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Gold in the bearpit & DXY booming towards 2017 highs? [BTFD]So as the USdollar/DXY index has been pushing towards the highs of late 2017, obviously Gold will start to drop as its in direct correlation with each other, DXY up = Gold down and visa versa So what a lot of traders are hoping for is a decent reversal which could bring some nice gains on Gold We have some important levels to stay above for the DXY to remain bullish and work towards 97 and beyond, if it comes down sharply over the next week and fails to get above 94/95 it will be a fake out and a good time to get into gold longs, however if it keeps up the pressure and strength it could push towards 100 and with current climate conditions with Trump hammering some home runs for the USDollar recently a few key levels of support shown, gold looking very bearish andf we could see 1121 next with gold prices and a few important trendlines could come into play, lets see if we can get it right :) Gold usually comes into a bullish seasonality this time of year towards the new one, but with current DXY strength, i guess people who buy physical gold at religious festivals will have a cheaper ride :) also if the USD is booming, then it makes sense to short EUR/USD too, maybe talks of parity once again? this week is shaping up to be a quieter affair volume wise never-the-less have a powerful week traders!
FOREXCOM:XAUUSD
by majorlee
BTC compared to Aphria (APH)I believe I have found a connection between Bitcoin and the MJ industry. When comparing BTC to APH I have found stunningly similar trends but Bitcoin seems top make the first move by almost a month. I have placed alphabetical reference points to show the comparison. Since BTC seems to be ahead of APH by a month, I went ahead and placed the next trend line/target(G) based off of the most recent moves from BTC. I believe that if it follows this trend, then APH is looking at positive trend upward and a slight pullback in the month ahead. Buy APH now and hold to target price G? Will this trend continue in the future??
BITFINEX:BTCUSD
by seebz69
CoCo indicators day trading example (SDRL)Click on the 1 minute chart below in the comments!. During a big run down, CoCoBars nibbled a couple times around 10:10. Around 10:40 is when it hits on all cylinders, you got CoCoVol showing a large jump in independent volume, CoCoBars showing dark green independent price moves up and the CoCo Trend colors at the bottom turning from red to green. At 11:26 is when selling pressure returns with the three increasingly red CoCoBars. This run would have taken in around +9%. Keep in mind what the CoCo indicators do... they ISOLATE & IDENTIFY price and volume changes independent from the market. Good trading! Brian Hershey
NYSE:SDRL
by bnh
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