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Gold Rush - Yes or no? Around two weeks ago, gold reached a new all-time high, 2450.2$, just above the last high of 2,431.6$. However, the bulls were unable to maintain this high level over the course of the day. In the following trading days, the gold price fell sharply, losing a bit more than 100$. There has been a weak recovery over the last few days, with renewed selling pressure emerging in the middle of the week. A new low was reached on Thursday, albeit with a bullish reversal. Chart facts: - Resistance zone or possible double top around the 2,430$ level - EMA50 in the daily chart successfully tested on Thursday - Bullish reversal candle on Thursday - Massive support at around 2,300$ Outlook Thursday's reversal candle is now the perfect template for the ‘Friday Gold Rush Strategy’. Such a bullish daily candle has already led to strong gains on Fridays. A recovery to USD 2,370-2,380$ is well on the cards. From a buyer's persepctive, a daily close above USD 2,380$ would fit into the picture, which still looks bullish. Good luck out there, Bernd Senkowski
WHSELFINVEST:GOLDLong
by WHSelfInvest
BTCUSDT: Bullish Reversal Signal in progressJust a few moments ago, the price of BTCUSDT exhibited an fast movement down within the 25000-25800 zone, setting the stage for a compelling BUY opportunity (As I said in my previous idea) What caught my attention is the chart's depiction of a significant shift in price momentum. Take a look at the bottom purple-colored moving average (MA) line—it hits the last candle. This alignment hints at an imminent reversal in the ongoing downtrend, signaling a potentially powerful bullish surge. However, the real fireworks will commence when the purple line will cross the blue one. This event will serve as the catalyst for a definitive shift in the market sentiment, further solidifying our bullish stance. before that, the price will range near the 25000-25800 zone. With all these factors falling into place, we have a good scenario to enter a truly bullish period. And in my humble opinion I don't think the price will descend below the 25K mark, as mentioned in my previous idea post. Brace yourselves for the Bulls to seize control and propel us towards the exciting 40K+ territory. Remember, trading always carries some level of risk, so ensure you implement proper risk management strategies. Disclaimer: This analysis is solely based on my personal observations and should not be considered as financial advice. Always conduct your thorough analysis and consult with a professional financial advisor before making any investment decisions.
by TradeWithAtemak
RUSH.A and RUSH.B - Acquisitions in the works.Quick technical analysis on Rush Enterprises. This is a consumer cyclical trucking dealership. They are very dominant in this market space and currently in the process of acquiring 30 more locations. This is a good long-term portfolio addition. Because of the acquisitions coming in play, this could also lead to a quick short term profit as well for the swing traders. You can always add this to your watchlist and just keep an ion it for now, or choose to invest at its current stage. Always assess your own risk tolerance before getting into any sort of trade or investment.
NASDAQ:RUSHALong
by ReadyFor401k
What's happened to 'the Gold rush?This is a short screencast showing an excellent entry position. (this is not advice to enter a trade). The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're probably a bit anxious to jump on Gold. If the Halloween effect happens then price of Gold sinks. But if the stock markets make a conclusive move south, I'm expecting RSIs to go on fire in the north direction. We shall 'have to wait and see' as Mr Trump often says. :))
FX_IDC:XAUUSDLong
by Captain_Walker