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Has Gold Found Its Peak?Gold, until recently has been a slow mover but has now started to gain good momentum. After breaking above the strong resistance at $1,611 on the 20th February 2020, price has so far peaked at a high of $1,689. Whether this high will cause further problems for price is anyone’s guess but as price has started to pull back, a break and close above this high will confirm a continuation to the upside. The first trend shown, highlighted by the green box, rose by 22% and the current trend also highlighted by the green box has risen by 16%. It still has some way to go if it is going to exceed the length of the previous trend. If the current pullback drops any further then the next obvious level that price my move towards is $1,611 which is the resistance turned support from the 8th January 2020 high. Gold does tend to trend for really long periods of time, however at a steady pace so we may see a trend lasting several years. We are currently holding onto our positions and will continue to compound once we experience a breakout. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
S&P 500 In A Strong Bull Trend!The S&P 500 is flying high since breaking out of consolidation in October 2019. Price has remained above the 50sma since and even used it as support on the 31st January 2020. Since October 2019, price has climbed up 11.5% and since the beginning of 2020, price has risen 4.3% We may see this trend last for several months and we should notice many UK and US stocks will be forming strong linear bullish trends. As price is creating new all-time highs, there aren’t previous areas of support that may form an obstacle for price. We want to see price continue to form higher highs and higher lows and we will start to manage our trades if the behaviour of the S&P 500 changes. As for now, we will continue to look for long opportunities, most of which are shared in our private community. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
The EURUSD Continues Its Descent!The EURUSD has consistently been heading down since January 2018 but it hasn’t been the smoothest of rides. The journey down has been plagued with long periods of consolidation which are highlighted on the chart. The shortest period of consolidation lasted 53 trading days and the longest was 144 trading days. The most recent consolidation period was for 94 trading days and has finally started to break out to the downside. The bias was for a break below support as price is in an overall downtrend. This may be a fake breakout which is why we do not want to be too hasty and jump into a short position prematurely. We need extra confirmation in case price decides to return back up and re-enter consolidation. Waiting for price to move down and pull back then waiting for a second breakout to the downside will give us more confidence that we are seeing a continuation of the downtrend. If price continues the downtrend then the next area of support in the way will be 1.0462 from the March 2015 low (not shown). We currently have positions running and we will look to add further positions when we have another confirmed breakout. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Short
by Sublime_Trading
4
S&P 500 Continuing Its Ascent!The S&P 500 proved resilient following its breakout from consolidation in October 2019, going on to rally 10%, reaching a high of $3,337 on the 27h January 2020. With strong moves in price we can expect to see price become exhausted at some point which is what took place here. Price pulled back and reached a low of $3,214 which also came close to the 50sma. The 50sma zone held price up as it was used as a support area. Following this, we have seen good bullish momentum in price with two consecutive days of price gapping up. As we are in an overall bullish market in stocks, we can expect to see strong trends followed by pullbacks and even periods of consolidation. We have to hold strong during these periods and avoid exiting positions too early. This is how big returns are made, by holding positions long enough to compound on them. Price is currently trying to move above the recent high at $3,337 and if it succeeds the this will confirm a continuation of the uptrend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Palladium Struggling To Pass $2.500$2,500 proved to be a big hurdle for price towards the end of January 2020. Price soon started to see weakness and the selling began but was caught by the 20sma support level. From the start of February 2020, there has been increased momentum in price. The force of the recent move appeared as though it was going to be enough to break through the resistance at the round number but it appears to be holding price back yet again. Right now the 20sma and the $2,500 round number are forcing price into a squeeze and we should eventually see a breakout to the upside or the downside in the near future. As the trend is bullish, the bias is for a breakout to the upside. Should price eventually break out through resistance, then we should be seeing new historical highs created, which a year ago would have been viewed as very unlikely to happen. This is the reason why thinking has no place in trading. We can not think what will happen next, but we must act upon price movement as it happens using a solid trading strategy. The trends in the past have ranged from moves between 18% and 38%. The move so far has only risen 11% and if the trend continues then we are not even in the 18% range yet so there may be more profits to come. We will be looking to add further compounds once a breakout occurs. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Apple Trending Strong!There has been a clear and consistent trend in Apple since 3rd January 2019 and the trend looks set to continue. The first trend from 3rd January to 1st May 2019 rose by 52%. The next one was from 11th September to 6th December 2019 and rose by 22%. The current trend which has been running since 13th December 2019 has risen 20% so far. As we are in a strong overall bullish market, there should be continued momentum in Apple. We are currently experiencing a pullback and price is sitting at the 20sma which is acting as support. If this level fails to hold price up then the next area of support is the psychological $300 round number. The trends have been linear and impulsive so a break and close above the current high at $327 will confirm a continuation of the current bull trend and will offer us the opportunity to add more positions to our current profits. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:AAPLLong
by Sublime_Trading
2
Palladium Halts After Previous Big MoveThere is no surprise that Palladium has currently found weakness after hitting a round number following a strong surge in price. With every big move, we can expect to see exhaustion in the market before a continuation in the trend. Price first made contact with the $2,500 round number on January 17th and has since pulled back. The recent pattern of breakouts and trends may be over if price declines further but for now the uptrend is still intact. When price pulls back, we always want to look for areas of support/resistance that price may move towards. In this case, the next obvious area of support below price is the 20sma. It was last used as support back in December 2019 and may do the same again. After this level, the next area of support is the previous resistance turned support which is right at the $2,000 psychological round number but this is some distance away from where price is now. Palladium is still priced higher than Gold and currently holding the title for the priciest precious metal for the time being. If we do see a break and close above the current all-time high at $2,543 then we should see further bullish moves in Palladium. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
3
JD Sports Very Much Bullish!JD Sports has a good history of trending well as we saw from the trend between December 2018 to May 2019. Price became exhausted and went into consolidation from May 2019 to September 2019 and the breakout in September was the first indication of further trends to come, which is what we are currently experiencing. This has not been the neatest of trends but price has consistently been heading to the upside forming higher highs and higher lows. Price may become exhausted again and form a period of consolidation and in that case, we would just need to wait for a breakout to confirm a continuation of the bull trend. A break above £8.90 should see further moves to the upside and give us the opportunity to add to our already profitable positions. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
LSE:JD.Long
by Sublime_Trading
3
S&P 500 In A Linear Trend!The S&P 500 is going from strength to strength, continuing to create new all-time highs since the beginning of 2020. After breaking out of consolidation on the 28th October 2019, price has formed a nice linear bullish trend. This Index has a good history of forming strong linear trends as we have seen in the recent past from December 2018 to May 2019. Some traders may begin to fear a market reversal based on fear but as technical traders, we do not preempt market reversals. We need to see indications based on our analysis that suggests a reversal is highly likely. You can find more information on how we do that in the links at the bottom but to summarise, what we first need to see are areas of support being broken. The first being the support at $3,027 followed by the $3,000 round number. So, for now, we are in a bull trend and we may experience a pullback soon which is normal. Price has the 20 simple moving average just below which is the first support area price may use as support. This trend may go on for a number of months so it is worth looking at strong trending stocks for long opportunities. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
2
Is $2,500 The Limit For Palladium?Palladium has gone on to shatter records performing a steep climb over the past couple of weeks but will the rise be over as fast as it started? The chart clearly shows the clean breakouts following clean pullbacks in Palladium over the last year and each breakout has resulted in a nice trend. The most recent breakout has been the strongest yet in its recent history. When price was approaching $2,000 again in January 2020, many said that price would fail at that level as it had failed there previously in December 2019. Price will always do what it is going to do, which is why speculation should be ignored at all costs. Palladium went on to soar above $2,000 and then we saw increased momentum which pushed price up another 25% to where it now stands around the $2,500 level. Is this the limit for Palladium? That is anyone’s guess. But what may be more likely to happen next is for price to pull back as price appears to have momentarily run out of steam. If this is the peak then we may see a sharp decline, but if this is just a pullback then we want to see a break and close of the current high at $2,543 which will confirm a continuation of the bull trend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
13
Gold Battling With Resistance & Support!The behaviour of Gold has been consistent over the past couple of years where we have seen trends followed by consolidation periods. The most recent breakout of consolidation on the 6th January 2020, saw price sharply rise to a height of $1.611 but that was short-lived. Price re-entered the consolidation zone and things were not looking good for Gold as its rival commodity, Palladium, is soaring to new all-time highs. Despite moving back into consolidation, the buyers did not give up and have again pushed price back up and above the resistance level at $1,557. If there is a good amount of momentum built up then we should see price approach the next resistance level at $1,611. A breakout there will confirm a continuation to the upside and we should continue to see long-term growth in the price of Gold. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
Gold Breaks First Major Resistance!Following on from the previous Gold post, you would have seen that we mentioned that price was approaching major resistance at $1,557 which was from the high of 4th September 2019. On the 6th January 2020 price eventually broke through this resistance level confirming a continuation to the upside. Price also broke out of consolidation and what tends to happen after consolidation is that price usually forms a strong trend. This does depend on how long the consolidation lasted. Price is currently showing some signs of weakness as the breakout candle has a long wick above it, indicating that the sellers are trying to push price back down. What may happen next is that price may use the previous resistance as support before a continuation to the upside. Price may also decide to re-enter consolidation and in that case we would need to wait for another breakout before looking for any long opportunities. As we currently have positions in this instrument, we are waiting for opportunities to compound and increase the potential profits this commodity may decide to deliver to us. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
2
Palladium Worth Over $2,000!On 17th December 2019, price made an attempt at breaking the $2,000 major round number and failed. From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000. We prefer to wait for breakouts and avoid trying to guess what price will do next. On 6th January 2020, price broke and closed above $2,000 creating new historical highs and signalling strong momentum in this commodity. If price does continue to rise then we can expect to see deep pullbacks along the way up as this is the nature of this commodity but this is nothing to worry about. Pullbacks are just periods of temporary selling and usually scares off the inexperienced traders. If you are trading and following the trend, then your stops should be kept a distance away from price to allow these pullbacks to occur without stopping you out prematurely. We will be following Palladium and will be looking to add more positions to our profitable trades that are currently still running. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Gold Finding Momentum!At the moment Gold is still in consolidation but taking a closer look we can see that price is looking strong and finding its footing at a support base. If we look at the support base formed in April/May 2019, we can identify the trend that followed which saw a 22% rise in the price of Gold. After big moves we usually see exhaustion in the market and in the case with Gold, price went into consolidation and remains that way but that may not be the case for too long. A support base has been formed in November 2019 and we can now see a potential trend emerging. This, however, will not be confirmed until we have a break and close above the current major high at $1,557 from the 4th September 2019. With nice momentum on Christmas Eve and a potential close above the $1,500 round number, Gold may be on its way to breaking the recent major high and eventually go on to make new record highs. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
3
EURGBP Has Another Fake BreakoutFollowing the UK elections on the 12th December 2019, the British Pound showed some strength and tried to battle it out with the Euro. Price managed to push itself down through major support at 0.8297 and things looked positive for the Pound. It wasn’t too long before the market corrected itself and the Pound and the Euro were balanced again and now price has returned back into consolidation. The current consolidation period has lasted 3 years and 2 months so far and it may go on for a number of years. We can never predict how long consolidation lasts but we can identify when they are over by waiting for support and resistance levels to be broken. Right now we want to stand aside until we have a clear breakout and ignore taking trades when there are fake breakouts like the ones highlighted on the chart. We show you how to identify fake breakouts in the video link below and we will also be posting updates on the EURGBP to ensure you are ready in the case a breakout does occur. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
2
Palladium Slowing Down at $2,000!If price can climb another 60 points and go beyond the $2,000 mark then it would be creating new record highs for this commodity, which in 2016 was only priced as low as $454. It has travelled some way since then to where it is now and that journey has not been the smoothest. After the smooth linear trend from August 2018 to March 2019, price took a turn and went into consolidation. The sideways movement continued like that for 6 months before the trend resumed. What traders have to realise is that a period of consolidation does not write off a trade and quite often just indicates exhaustion in the market before momentum kicks back in and we see a trend continuation. The last pullback was held and pushed back up by the 50sma, which also pushed price through the previous resistance at $1,823. We will have to see if that same momentum will push price through the $2,000 psychological round number and beyond. We will share updates if and when we see new all-time highs created. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
The Dow Jones Making A Break For It!The overall structure of the Dow Jones 30 looks positive. The most recent pullback came down and tagged the support level from the consolidation resistance and bounced off from that level. After periods of consolidation, it is always good to see price retest support levels as it confirms the support level is holding and gives more strength to the buyers. Now what we ideally want to see is for price to continue to trade above the previous high at $28,175. This will tell us that the buyers have enough momentum to see that price continues to create higher highs for the next few weeks and months. This is a good early indication that a strong bull trend may be unfolding and helps to prepare us to take advantage by entering strong bullish stocks. The Dow Jones has seen some nice growth over the last year, rising by 29% or 6,500 points. This may seem like big growth to some but we may be in store for even further growth in the Dow and overall US market. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
DJ:DJILong
by Sublime_Trading
Gold Could Be Set To Rally!Gold appears to be repeating its behaviour from earlier this year. From 20th February to 19th June 2019, price was in consolidation and used the base of the consolidation zone as support and then formed a strong uptrend which rose by 22%. If we bring our attention to the current consolidation, the pattern looks very similar to the consolidation period mentioned above and what we know of the market is that it tends to repeat itself. This does not guarantee the same thing will happen, but it will give us a strong indication of what is likely to happen next. With this knowledge, we can position ourselves early on to take advantage of opportunities to make a profit from the next trend. Right now we just need to wait for a breakout of the 4th September 2019 high at $1,557. By that point, price would have moved above the $1,500 round number and the breakout would have confirmed a continuation to the upside. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
Apple Set To Create A New All-Time High!Apple continues to perform well, despite being range-bound for 4 months between May and September 2019. Prior to the consolidation, we saw a rise of 52% from the beginning of the year. After such strong rallies, it is not unusual for price to slow down or pull back sharply as there would be exhaustion amongst the buyers. A deep pullback or long period of consolidation does not write off a stock, it just indicates that patience needs to be applied before looking for more trading opportunities in a particular stock. There are certain indications that a stock is completely reversing which we cover in the video links below. But as you can see with Apple, after price broke out of consolidation and broke above the $200 psychological round number, the trend resumed and looked strong rising 22%. We have recently seen a pullback, but price has found strength again and looks set to make a new all-time high. If a high is made then we will continue to look for trading opportunities here and profit from the rise in Apple.
NASDAQ:AAPLLong
by Sublime_Trading
The Dollar Is Creeping Up QuietlySince February 2018, a rally began in the Dollar Index which saw it move above the 200sma in May of that year and continued until it reached a high of $97.53 in November 2018. Price has been trending to the upside but it has been a slow gradual process, moving sideways the majority of the time with the occasional breakout. What helped and assisted price is continuing its ascent was the 200sma. The decline in January 2019 saw price come close to the 200sma and found zonal support around that area and continued to do so through to March 2019. June to July 2019 also saw the 200sma being used as support and again in October to November 2019. The 200sma has held price up for the whole of 2019 and may continue to do so as long as price can make it through strong levels of resistance. The first area of resistance is the 3rd September 2019 high at $99.33. Above this is the major $100 round number which price has not traded above since April 2017. A break above this level should be followed by strong moves in forex currencies paired with the dollar. Until this happens we will just have to stand aside and monitor the Dollar Index. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
S&P 500 Down 33 Points First Day In DecemberWith a strong bullish November, we saw price rise by 102 points. The momentum looked strong and seemed as though it was set to continue through to the end of 2019 but the momentum has come to a halt for now. Price has dropped sharply, falling 33 points on the first day in December and not that start of the month we would have liked to see but what does this mean? Nothing much just yet as this is merely just a pullback for now and nothing to worry about. Looking at this Index on a smaller timeframe such as the 5 minute chart, this would appear to be a very large decline. But looking at the daily timeframe we can see the uptrend is still intact and price has not even moved below the previous low from the 20th November 2019 at $3,091. The pattern of higher highs and higher lows is still present for now but we need to identify possible areas of support that price may move down towards. The first and most obvious level is the 20sma just below price. If price falls lower then the 50sma, previous support level and the $3,000 round number are clustered together and should provide a strong level of support. Following that, we have the 200sma to cushion a further fall in price. The December 2018 to May 2019 bull trend rose by 607 points. The current trend has risen 423 points so far, so we may see further moves to the upside if this one is going to surpass the prior trend. Let us see how the market plays out from here on. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
S&P 500 Smashing Records Yet Again!Monday 25th November marked another record-breaking day for the S&P 500. It looked bad for the Index when price started to decline on September 19th 2019 where we saw a 168 point drop over a few days. Something came over the buyers who were able to drive price back up, forcing its way through the previous all-time high at $3,028 on October 28th 2019. We expected a retest of the previous all-time high turned support but that did not occur as the current trend has proven to be a strong one. The previous rallies went up 10% to 25% and the current rally may also do the same which stands at 9% so far. The current breakout is a sign that the buyers are currently in control because this represents price breaking through resistance. Price is above the 200sma, giving us a bullish bias. The pullback and consolidation zone did not hold price back for too long as the longest it was able to delay price from rising was 3 months. This should be nothing compared to the potential trend that may emerge from current price activity. As price is creating new all-time highs there are no previous levels of resistance to watch out for. The only area of resistance we need to be wary of is the $4,000 round number which may act as a psychological area of resistance. This area is over 800 points away so this is not something we need to be concerned about just yet. With this breakout, we can continue to look for long opportunities in both the US and UK stock markets with confidence. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
6
Palladium Being Rescued By The 50smaPrice has been doing well since breaking through the previous all-time high at $1,615 on 20th September 2019. Price rallied nicely, following the cup & handle pattern, until it reached a high of $1,823 on 30th October 2019. A pullback, which was to be expected, came down and even dropped 122 points in 2 days. Day traders may have been scared off but as trend followers, we have kept our stops wide enough to allow for this type of move without getting prematurely stopped out. Right now, the 50 simple moving average is saving price from falling any lower and price appears to be climbing up this sma. There are two main potential outcomes going forward. Either price will head up and break and close above the current high at $1,823. The other outcome is that price may come down to find support at the previous all-time high at $1,615. Right now we are just managing our investments in Palladium as there is no reason to exit just yet. Palladium tends to endure deep pullbacks so we can expect a bumpy ride along the way up. As long as you are managing your trades correctly then you should be able to ride the trend all the way until the trend ends. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading