Utilities keeps pushing higher and is looking to be chasing for the extension to the 1.272 fib. This is a long term play that I have been looking at for a while now.
I am posting this to acknowledge the range down in gold to 1760. Apologies to those who follow my work and know my track record. NFP is a killer. Better luck next time.
If this is an ascending triangle then I will be watching trend line a bit harder and resistance as well. This is just another view into my 1850+ target. I have been bull for months now.
Roblox has sold off the highs quite a bit and now in a falling wedge with bull div picking up. I'm swing trading this back up to around the 90 area. The first resistance must break first. I will have to see how he first resistance acts to know how long I want to hold this.
This is guessed based on my custom fibonacci fan. The red line is action as a barrier to entry with a close. I know it sounds whacky, but I believe in this tool. Coupling this with my bull bias, price could be charging. I also believe this can squeeze at any point. Don't trade against the daily. This is not financial advice.
It's very hard to understand when the market will dump out. The only technical tools I have is this massive rising wedge and my fibonacci. The levels marked are fib extension upwards. 1618. This is not financial advice. Crack is not promised, obviously. Happy Trading.
Gold idea- I am under the sneaky suspicion that gold is in a massive inverted head and shoulders on the higher time frames. I welcome anyone with exact knowledge to critique this claim. I really feel strongly about this pattern the more that we chase the POC and the neckline that is slightly pointing downwards. If we are in a head and shoulders, the right...
I'm bullish on Gold to 1850 and believe we can go much higher as well. Gold is going higher as the US inflation rate sits in at 5.4%.
Gold has surprised me lightly with the sudden drop after the fed released it's news. Now we sit on support thAT I believe is solid. I see bull div forming, and a major fib level below. POC (blue) and fibs above (382) are resistance. (This is not financial advice).
I believe gold bulls proved themselves, and have since met tough resistance. I believe the support below likely gets hit but I am rather focusing on higher prices. Chart is pretty simple. These are my thoughts. Dollar and Yields look tired short term. This is not financial advice, or signals for you to buy/sell at any price level.
SunRun is in a massive falling wedge, hinting at breakout with the RSI showing bullish divergence. One of my low risk but longterm plays. Hope it goes well enough.
I am expecting a retest of the bull break out and then seeing higher prices. important to not that price could easily not dip at all The Bull run is not over IMO.
I believe Gold isn't done on its recent squeeze upwards from 1680. Although, I believe that we may need a cool off phase. Dont see the point in shorting but I have exited longs. I think if my labeled supports break that Bulls are done. But that support seems tough. Also, the conditions given commodities spiking I find it bit hard to believe Gold is worth shorting...
Happy Bull day to all you gold bugs.. The resistance up still applies. Happy Trading.
Bulls held support well which may mean 1820-40 comes now
Watching break for confirmation. May dip metals a bit.
Gold is losing steam, I believe if H.S completes a potential bounce at 50 is in play. Still think 1820 is possible after.
1810-30 for Gold. 618 for Silver.. Need to break resistance, but things look ok for now.