GOLD up to 2140?Thanks for viewing,
I am assuming the arrow shows a higher low in price action, I will have to see if this bears out. But, for a minute lets take the rally from 1687 to 1919 as being the first push in a larger secular bull market. There are a lot of reasons to suspect that this is possible including:
- Massive Federal and other Central Bank money printing and direct stimulus payments,
- Rather concerning central bank debt issues around the world. In those countries that lend in their sovereign currency, this will tend to depress central bank bond yields (through central banks forcing yields down through necessity) - there is no possible way to repay the principal in anything but a highly devalued (future) currency.
- The US 10 year treasury yield is down a wee bit from recent local highs and is now around negative 3% real yield (yield 1.2% minus 5% inflation). The safest possible investment security provides is a guaranteed loss. Why hold the US 10 year when average gold returns since 2000 average 9.3% in USD terms since 2000 (goldprice dot org as at 8th Jul 2021?
I am getting side-tracked. There are other fundamental factors. Of the others; I find the fact that gold has zero counter-party risk one of the most attractive. Anyhoo, back to my speculative rant..
IF, the move from 1687 to 1919 was part of a longer-term rally, that has retraced slightly more that 62% before bouncing. If you put any stock in Elliot Wave, that would be wave 1 and 2 (potentially), and wave 2 normally retraces the previous gains sharply and deeply. A steep retrace of 50% or more is common. If we have wave 1 and 2 in place, there are three more moves to go (2 impulsive up and 1 corrective that tends to be shallower, take longer, and be more complex). If this bears out, I would put 2140 as a low-side estimate.
There is some bullish RSI divergence on the 4hr chart that developed between April and this week.
The MACD histogram and moving averages are looking like crossing over to the upside.
But who knows, the daily MACD looks a bit grim. Only time will tell. Look after those funds and avoid unallocated precious metals derivatives, synthetics, and paper gold.
EMAS
Trade Review: How I been making consistent 80% returns W/ PROOF!In this video I will reviewing trades I took on the first week of August. going full in depth explaining how I traded these tickers with a new strategy i been testing with Inside Candles Credit: TW for his indicator and his strategy! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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AAPL for short term.AAPL near trendline support near 120 - 122 levels
if AAPL breaks daily time frame trendline then it can go till 98 - 100 levels where you can find break away gap on 31st Jul 2020.
so if AAPL breaks 120 then it can went till 96 - 100 levels where is 50 EMA support on weekly .
and if breaks 96 - 98 support and don't come back instantly then it might gone in long term correction and may test 80 levels which is 200 EMA support (weekly)
and might spend long time near 200 EMA only if breaks 96 -98
no recommendation for short because we're in long term bullish market so accumulate good quality shares at good price
TRADE AS PER YOUR RISK MANGMENT (if you want to do so)
I'm sharing my views only not any recommendation
EPS's Next MoveHey guys,
EPS has been recovering after a strong decline 3 weeks, now EPS should change the trend and hold EMA 21 at least and according to volume profile 2.503 is the point of control *high volume*. As you see it could repeat the same scenario in yellow and purple zone and breakdown again. So hold EMA 21 or we're going to visit the yellow rectangle.
Thank you.
SOLANA (SOL) is PARABOLIC!Today we are adding to our portfolio Solana (SOL) as we believe it has grown a lot since this bull run started, and it’s still at $22Billion Fully Diluted Market Cap.
Furthermore, we expect its technology “Proof of History” (PoH) to grow in value if the entire crypto market keeps growing and investors find value in advanced mechanisms. It wouldn’t be difficult to see Solana surpassing other tokens in the future.
As you can see below, Solana didn’t make any price action at all, but a parabolic movement. It’s because of that, we advise highly than ever to place your orders following the Dollar Cost Averaging strategy. As we don’t know if this movement could be stopped at any moment in the short term.
Patience and averaging your buys will place you on the path to success!
Did you have Solana in your portfolio? Let me know!
Check our FREE Crypto Telegram TODAY!
Do your own research, SOL
Have a great day, Alkalites!
Shell company positioning wellLooking at UUV tonight after some large volumes over the past week.
In terms of context, the company wrapped up all previous business in the US last November 2020. Winton Willesee was appointed Chairman in October 2020 to push this through. For those unfamiliar, he has a history of leading RTOs (xTV to NZS) and growing small-cap companies such as CPH and NC6.
Seemingly off the back of this hype, UUV has been pushing through some impressive volumes of late.
The 50 day EMA has crossed the 100 day EMA and is heading toward the 200 day EMA. We could even have a golden cross if the splurge contains and the 100 day EMA follows the 50.
Volume profile (since November 2020) suggests that support exists at $0.003 and with the buying frenzy this is unlikely to drop below $0.002/$0.003.
Finally, the MACD shows a positive trend, which after a slight dip was reconfirmed after today's trading.
In terms of the future, it is extremely uncertain and will hinge on how UUV reposition. There have been links to AR9 and the cyber security sector, and any further tidbits of information coupled with the low share/options price will likely spur short-term growth.
ASX:DDD consolidating before take offQuick look at DDD on a Sunday afternoon.
After striking a deal to take over the Adelong Gold Project from receivers in 2020, DDD has been in an upward trend.
The price has settled at around $0.005 after hitting heights of $0.01 in September 2020. This coincided with a number of overbought signals , as per the MFI.
The volume profile indicates that the $0.005 price is a significant support level. This is backed up by the current 50 and 100 day EMAs, which are currently also acting as supports at around the $0.005 price level.
In terms of what is next, the MFI is showing that DDD is heading toward oversold territory, which may indicate a price hike is in the wings. This could be fast-tracked by any price activity that flips the 200 day EMA from a resistance level to a support level, which could also be complemented by the 50/100 day EMAs crossing over the 200 day EMA (golden cross).
SPY DAILY - With potential future 34EMA trend$SPY POTENTIAL TREND ON THE 34EMA. Again, potential. It could go the complete opposite if it decides it doesnt like the top of this channel. But I have decided to build my positions on the upside. Loaded numerous calls for SPY that are currently WAY out of the money but are super cheap, expiring on various dates over the next few weeks.
Not posting my entire list but just know these are LOTTO plays with a good amount of confidence and basically zero risk.
TRADE YOUR PLAN TODAY TRADERS. Market closed monday.
GOLD SHORTLast week's movement of gold experienced an increase because the first Dailly target had been completed. the movement of gold for tomorrow 06-07 is likely to continue its decline but must be aware of gold's rise when pursuing upper resistance. treding is full of risks. The most important thing is we manage our risks so as not to lose too much
ETH FOLLOWING THROUGH!!! MOON TO COME?KRAKEN:ETHUSD
This is an updated post to my November 28th idea on ETH.
There we discussed the EMA20 and EMA50, explaining how ETH would enter a bullish cycle once the EMA20 crossed back on top.
The blue circle was at the time of my last idea, the pink circle shows when the EMA20 crossed back over the EMA50 and began its bullish streak.
CRYPTO MOVES FAST!
VET BULLISH (70%+ GAIN)BITFINEX:VETUSD
Looking at VET we've recovered nicely from the previous bearish cycle (shown with the purple channel).
The orange circle is showing the EMA20 crossing over the EMA50 which we know is the beginning of a bullish period.
The awesome oscillator shows a steep rise in market momentum as price increased, however be wary of the current red lines. If those continue getting shorter it'll confirm the pull back and a drop can be anticipated to around $0.012 (this would likely also be confirmed with the EMA50 crossing back over EMA20). Although, if those lines stay tall or turn green we can anticipate a another big jump.
My price prediction is currently at $0.0245.
How To Trade EMA here i have set very good example on how you can trade EMA
it's common for every asset that it follow the price of EMA ( the moving average )
let's take example i set 7 ema on weekly chart so it's total 49 days moving average so if price make bounce above this ema on weekly something has been cooking in the asset . it's 49 days downtrend
same breakdown of EMA ( exponential moving average ) also shows upcoming correction in price on higher timeframe
so don't ignore moving average use this EMA with the triangle and other pattern and make your trading better
any asset always respect it moving average price if fall below major ema than it will take resistance if goes up than it will bounce when it touch EMA