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Costarica

4th Extended Drive Gold Shorts Explained. Shorting Gold into 1850.00 as mentioned on prev analysis. Commodity went 60-70 pips past crucial weekly level to take out all intraweek/swing sellers and also putting in buyers into the market. It has made 200+ pips in just the Assian session so im expecting a intraday meltdown into the current LOD for the next two sessions ahead. Feeling confident about the move but anything can happen in this market so trade smart. Let's grab this bag for Christmas! Peace Out
FX:XAUUSDShort
by tropicalinvestor
1
COST Doomsday prep?It has been a wild week so far on the market, with price swings up and down. Cryptocurrency seems to have a correlation with the US market, following the market. This is due to cryptocurrencies youth. In this post I want to see the share price of Costco will increase as demand increases with the current corona virus outbreak. The chart doesn't look great in the short-medium term with a double top and a strong horizontal resistance formed, however long term this would be a great entry point.
NASDAQ:COST
by Bixley
USDCRC pair, knowing the gameIts been almost a year since it was so low, in the local economy you are suppose to be happy as with less hard earned colones you will get more dollars and given that it is almost 50 colones difference its something like a 10% discount in dollars. From the financial sector that the country benefits the most which are closely related with tourism there is a downside as tourists will see their funds not allowing them to do as much as before, I can also see how the down fall should push the prices down in the future if it keeps going like that as many other things that drives economy should follow as it is fuel. The only problem that I'm seeing from this is that it can be sustained over time as it most likely will come back to _normal_ levels which are for now at 600 ish colones. The advantage of earning USD is the inflation is controlled most likely by the exchange rate which for now has been playing against me as I get the same amount of USD per month but they are worth less colones a month. I tend to save USD for the long term which means this is a very unique opportunity to see this 10% discount and generally speaking I don't expect the colones appreciate over time because it can only mean 1 of the following things: there will be a recession from the US or the country economy is doing amazing, which to be honest the first is the most likely scenario to happen.
Long
by raserrano
#USDCRC pair, long position opportunityThis is one of those rare cases where the #USDCRC pair is placed in a position that will get you some profit no matter what happens. Currently it is moving downwards towards the 583 level it will meet a trend and possibly break towards an accumulation phase that will try to get back to the monthly level of 589. If the move cannot keep the trend and keeps falling within the wedge the lower possible price will be around 575 and then recover to the trend line above the 583 level. The other possible scenario is once it manages to reach the 589 level is the test the 609 weekly level which was the previous high level. Accordingly to the economic situation it is very likely that the #USDCRC pair will end up around 650 level so this is the last chance to buy at this lower levels.
Long
by raserrano