This is a long term investment strategy, not for swing trading or day trading.
The US stock market seems to be in correction mode which will cause BTC to go down with it as the stock markets tank. If the SP500 continues to tank we will see BTC continuing its downtrend.
BTC is also due for a correction and is in a huge falling wedge pattern. Based on current...
This can be a very simple short term trade, due to gold holding its support at around 1910-1920, we see that there is some buying on dips but proves to be not too strong. The bounce back up from 1910 has not been as strong as anticipated and not as strong as the bounces off the support in the past several weeks. Therefore, we can perhaps say that the bulls are not...
This is a riskier trade as the US indexes are taking a hit lately but I think the gold safe-haven will soon die off and the dovish Fed sentiment will soon be more "accepted" by the markets. This is a simple trade idea with the use of long term resistance lines on daily chart and fibonacci levels.
Gold is hitting major resistance around 1200, it broke out of...
Gold has been weak for the past 2 months and right now we are at one of the lowest levels since 2010. After the expected Fed Rate hike, USD has been starting to get weaker. Historical statistics show that after rate hikes in the past, USD slowly begins to get weak and starts a new downtrend. Also, gold has historically been strong after Christmas and near New...
