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GOLD SELLERS LINE IDENTIFIED - GC1! - DAILYThe general trend of the COMEX GOLD FUTURE is still valid as an uptrend as soon as it is above the blue slope support. The red line marks the most important line where the sellers won't let the market go above. The yellow metal have seen recently strong sellers push and have revealed an area (The red line) where the fight is going on between sellers and buyers. Going down further and passing the under pink rectangle zone would probably mark a strong validation of a declining price. We have seen in the past strong downtrends stretching and erasing all seller by squeezing them up, to then, return again above the blue up trending slope. So beware of any surprise. For the moment, we are observing this fight at the red line zone. It would probably better to look at the fight and jump on the spot with the winners. Possibility of easy trade and a profitable one. Hint: the volumes are a bit down since few days, probably it is a good idea to follow up on any significant increase of them...
COMEX:GC1!
by Diallo_Charts_Ideas
4
Bitcoin Buy the dip 10,400 and 9,100?Forgot I had a buy order at $10,400. Set the next one at 9,100. Entering in relatively small positions while respecting my rule of not letting crypto exceeding 10% of my investment portfolio and Bitcoin exceeding 5%. What's fascinating with this selloff with crypto was that it foresaw what happened in the US markets on the following day. I don't really know what to make of it but find it interesting. It has held up better than equities with this selloff. Stronger hands with bitcoin? Wall street finally accepting Bitcoin as an asset and allocating some in their portolfios could be a major catalyst for the BTC bull market. Supply is limited and shockingly not many investors can understand that in this world full of infinite money supply and abundance. What gives value? Adoption, utility or scarcity? Or a bit of everything? Even a mere 0.1% allocation in a 10BN fund is $10M USD of BTC. When it's that small of a portfolio, they may simply use it as a hedge and not even worry about short term price volatility which effectively puts a floor on the price. Heading into volatility and headwinds we've never seen before, even a small allocation in an uncorrected asset might be on many investor's minds. Also starting to see value investing groups pivot to learning about blockchain and crypto. Current bitcoin volumes dwarf in comparison to the ones from previous bull market. Still got a long way to go imo #cashlesssociety
BLong
by ashainp
Gold showing March20 patternThis look familiar, but the worst is yet to come. Donald Trump twits he tested positive covid-19 on 2nd Oct (Friday). Presidential election on 3rd Nov. The gold price is crashing and did not response as hedging assets against stocks at all as what all old man told us. This is weird, actually nothing is weird when gold is actually exist more in ETF or paper. Liquidation of paper will come first when stocks is in selling off. This results the spot price or future price of gold fall instead.
COMEX:GC1!
by silvermerlion
1
Future of learning and education with $CHGGTA -120EMA Support. High volume at $62 level. - Early May 2020 shows double the volume from the previous highest volume day= Institutional accumulation. Average volume 2.8M. May 5th volume : 38.5M - Distribution volume slowing down - RSI reversal - MACD golden cross - Strong relative strength FA, - Integrated platform = Chegg study+ Chegg Writing+ Chegg Math solver + Chegg tutors + High quality future proof skills based courses - Structural tailwind with e-learning/self-learning. - Yahoo finance Growth rate : 25%+. Simply wall street growth rate : 68% - FY15 to FY20 CAGR revenue 39% - Accelerating Earnings, revenues and margins in consecutive quarters(Almost Code 33) - Growing subscriber base= Network effect with more tutors and students - High growth and high margin. FCF positive - Good management Current subscribers of 3.9M with 29% YoY growth. Total opportunity at 102M subscribers - Baillie Gifford ownership : 11%. High quality fund ownership + Growing institutional ownership. #smartmoney Concerns, -Increased competition : Amazon, Khan Academy, Open study, Linkedin - Physical textbooks are a thing of the past. - Debt of 900M and interest coverage of 1.09. However, Cash is at 700M with a healthy current ratio of 8+ Added at $72.
NYSE:CHGGLong
by ashainp
2
GOLD WILL 5X IN THE NEXT TEN YEARS! Don't listen to those crypto Bitcoiners who tell you Gold is useless metal. Gold is used as jewelry, within microprocessors, and as a means of storing wealth. Last I checked, you can't wear Bitcoin as bling to your friends weekend Soiree ... With the advent of faster computers/robots/ AI that we will see in this decade, I foresee Gold's usefulness increasing significantly while also increasing in price as a hedge against inflation. With the likes of AOS and the Squad pushing UBI we should see inflation around 3-4 % in the next few years. Imagine a gallon of milk costing $20 dollars. That day is not far away at all. I am long Gold in this unlimited money printing economic state we are in until businesses start to innovate and expand the economy via new industries. Currently, we are in a copy cat economic state. The same boring played out companies and played out ideas. Innovation and real expansion of the economy in a practical everyday sense will send the price of Gold straight down, but I believe we are years away from this. The economy is significantly over-inflated due to unlimited QE, and with earnings significantly lagging valuations, fundamentals are starting to come into play, and smart money is being funneled out of major equities across the board. My bet is that banks and billionaires are going long Gold for the foreseeable future. Innovation will come after the equity bubble pops, and real pain is felt on main street. It will be devastating just like we saw during the Great Depression, but as a historian, I also look back to our forefathers in ancient Rome. Rome had booms and bust, peaks and valleys within its history. America is more or less modern-day Rome. We are an empire that needs to break down before we can morph into something better within the next 80 years leading up to the 2100s. I foresee that we will see great despair and exchange of money from smart money sellers to dumb money buyers. It is the nature of the beast we call the financial system. It will collapse, and out of the smoke, ash and rubble will be something new, greater, unique, and long-lasting. God bless the empire of America.
OANDA:XAUUSDLong
by UnknownUnicorn1495183
watch me trade ESso first trade I was stopped out after a run up of about 100 pts. Ended break even, so lost out on potential profits, but that's how it goes if you want to catch as big of runs as you can. 100 pts is nothing compared to catching a trend of 200, 300 or even more points. A revision of my previous indicators: I stated them wrong before. Red dots = 1.5 ATR white dots= 2 ATR blue dots = 2.5 ATR top black line 1.75 ATR bottom black line =2.25 ATR I use the red dots for a long entry if 4 hour candle closes above it and blue dots for a short entry if 4h candle closes below it. the black lines I use as my stops and the white dots I use to add to a position if I think it is worth of doing so. so this trade is long and I follow my rule not my heart and brain. My heart and brain say go short but my rule says long because 4h candle closed above or at red dots. (see black arrow on chart). I have another method where I use my heart and brain that I may show at some time, but it doesn't make money like this although it does okay. Current trade Entry close of 4h candle above red dots = 3411 stop loss below black dots just below it. I know it's not the black lines, but I wanted to give a little more room being that candle closed right on the red dots. It's up to you how tight you want you stop. let's watch how this plays out. I move my stop loss up with each move up of the ATR's. In this case, for now I will move my SL up as the black dots move up. this is open to change. I can always tighten my stop. but never increase my stop.
CME_MINI:ES1!Long
by UnknownUnicorn11430563