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GC

Great Canadian Gaming - Bounce TargetsChart speaks for itself. Perfect bounces off of key fib levels. A bounce close to the .618 fib level would line up perfectly with the upper trend line of the channel along with the 200EMA. GC was not the most volatile stock but was a cash cow pre-covid with great margins and growth. Will continue to look for great buy opportunities even if we break below the bottom trend line of the channel. Massive volume spike but not too much of a price move which could be a signal of strength.
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by thiluxan_s
GBPCHF AnalysisHey guys i just wanna say that i base my analysis on price action and its what i see its the same thing i analyse, i maybe wrong i maybe right and y'all know how the market can be so some workout others go wrong, we learn through our mistake or so i heard. To The Analysis Looking at the charts GBPCHF just hit a support level so we'll expect abounce to the upside, there's a trendline we'll have to wait to see if it touches it and bounce downwards or it can crash the trendline and continue but still there's a resistance level, so patience is the play, but either way i'll be expecting a bounce off from either the trendline or the resistance area.
by alex_muchai
On the way to the next Resistance GOLD Futures by ThinkingAntsOkMain items we can see on the chart: a) After a long time above a support zone, the price formed a clear corrective Structure b) The Corrective Structure was broken with a bullish movement c) Our main target for this movement is the next resistance zone at 1900-1915 d) Currently, the price is on its way to the Target e) However, in our experience observing GOLD, we have seen that middle corrections happen on the movement towards these type of targets. So, expect one before opening new long positions if you couldn't open positions yet.
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COMEX:GC1!
by ThinkingAntsOk
6
ridethepig | Gold Market Commentary 2020.06.23📌 Surrendering the resistance => Buyers taking the highs here would be unpleasant for any bears e.g those betting on the double top and everything is roses on the risk and economy front. From a timing perspective, with witching cleared and value Quarterly/Monthly end rebalancing underway we can be comfortable with the link to Gold. In this position which has now arisen, buyers can, after dips continue adding longs. Since after the covid demobilisation we can expect a sovereign debt crisis. For that to happen the following conditions have to be met: " Protectionism is a serious error. There is no yellow brick road to success with protectionism, and it is no surprise the US via media manipulation have the masses deluded. This is a necessary component to the makeup of the next economic cycle ; but it must be in balance, any overshoots or undershoots will destroy the effectiveness in manipulation. Those with a background in fixed income will know alarm bells are ringing louder than usual in bond markets with wages ticking higher than mortgage rates. This is not sustainable and when danger threatens and the crowd does not smell it, don't stand like a sheep, rather run like a deer. This constellation gives rise to the most interesting of struggles for long end bonds. I would like to offer a final way to track the destruction and recommend to keep on maximum alert. Let us wrap this up with a diagram: As usual thanks for keeping the feedback rolling, whether its 👍or 👎!
FOREXCOM:XAUUSDLong
by ridethepig
13