Silver is now almost at the bottom of the channel and touched the Daily 200 EMA. With a daily bullish divergence I am buying $16.5 for TP1= $17 & TP2=17.5. SL=16.1
Gold is currently in an uptrend channel, and Friday it touched the lower bound of the channel at the 76.4% fibo retrace. There is also a strong hidden bullish divergence of H1 & H4. My targets are the top of the channel (1489) which is also the 1.272 fibo extension, and TP 2 is 1499 which is the 1.618 fibo extension. I will take partial profit on TP1 and put a...
EURUSD is currently on the 1.11 resistance and against the weekly trendline. I am expecting a drop to 1.10300. TP 1 = 1.10650 TP 2 = 1.10300
Gold touched the 4H 20 SMA (1457) and I opened a sell for the 38.2 fibo retrace (1266-1555) at 1447.
There is a Daily RSI Divergence on the Daily for Gold
My outlook for next week is bullish. 1) We closed above daily 200 EMA & Weekly 100 MA (see chart). 2) Price stopped exactly at 23.8% Fibo level last Friday. 3) Daily RSI bullish breakout is retesting the breakout (see chart). 4) There is a whole array of moving averages on the weekly chart in the area between 1277 &1244 which will be hard to break. 5) Two...
We are on the upperside of the bullish channel. I am short for TP1=1.132 & TP2=1.13
This is my cable gamble: We are inside a triangle on the upper boundary, we will not break out until we break out. Once we breakout, take the trend because it will go all the way. If the triangle breaks to the upside, we might see 1.36, if we break out to the downside we may go as low as 1.24. For now, I am selling this for final TP 1.29, but we might find some...
We are inside a bullish channel with target 1.134 and 1.138 in extension
Buy limit @ 1318 for: TP1 1322 TP2 1326 TP3 1336
After Friday's candle, we have major support @ 1.1285. I have set my buy limit there for: TP1 1.134 TP2 1.138 TP3 1.143