Price angles are entering the arena again ( GOLD )Gold map in the coming weeks. In light of the fluctuations and bankruptcies of banks and the collapse of the strongest reserves in the world, the US dollar, and the collapses in the US economy, all of this supports the rise of gold, but it does not mean from what point we buy gold for investment,
Currently, it will settle a downward wave, and according to the way, we will see it in 2220
Ukraina
CITIGROUP: earnings coming soonNext week will be published the US most important banks earnings and among them, Citigroup is for sure the one with the best focus. In particular, the US bank is the one with higher exposition in Russia: almost 10 billion dollars.
So, what can be the next scenario?
I'm short on CITI due to both fundamental reason and technical reason:
We are in a short trend, so basically, being trend follower, I will search for retracement to be in.
CCI oscillator gives long signal plus bullish divergency on the price. This can give the necessary boost to the stock to retrace up to 56-58 dollars before getting back to its lowest price.