THE TREND LINE HAS BEEN TESTED 3 TIMES IN THE LAST 9 YEARS AND EACH TIMRE REACTED VERY WELL. AFTER SOARING FROM 666 TO 3393 IN THE LAST 11 YEARS, THE QUESTION IS THAT HOW IT WILL REACT TO THE TREND LINE THIS TIME? MEANWHILE, WE MAY SEE ANOTHER 7-10% CORRECTION IN THE FOLLOWING WEEKS. (2600-2500 IS THE MOST IMPORTANT LEVEL.) IN THE NEXT 9 MONTHS, WE ARE GOING TO...
This channel has worked in the last 6 years!
JUST LOOK AT THE CHART AND SEE HOW MANY TIMES OIL TOUCHED THIS LEVEL AND PRICE HAS BEEN SUPPORTED AT THIS LEVEL.
THIS CHART SPEAKS FOR ITSELF.
IN THE LAST WEEK OF FEBRUARY WE SEE A DRAMATIC BETTING AGAINST MARKET AND VOLUME INCREASED 6 TIMES OF AVERAGE OF THE LAST 20 WEEKS. I THINK MARKETS WILL BEHAVE LIKE ROLLERCOASTER UNTIL 2020 ELECTION BECAUSE WE HAVE CORPORATE TAX CUT ON ONE HAND AND INCREASE CORPORATE TAX ON THE OTHER HAND. FINALLY, THE CORONA VIRUS CAUSED MESS ALL AROUND THE WORLD.
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Everyone thinks that it is the coronavirus effect, but it could be due to Bernie Sanders's effect! Whenever he loses, the market is bullish, and if he wins the market is bearish. However, coronavirus is all around! At the end of the day, Bernie could win the popular vote and delegates but it is obvious that the democratic establishments do not want him to be the...
Markets do not like uncertainty, and we will ride the rollercoaster till the 2020 election results come out. Enjoy the ride and actively manage your portfolio while reconsidering your long term positions.
HAS BEEN EXITED FROM 2 YEARS DOWNWARD CHANNEL, TAKE IT SERIOUS!
I THINK THIS CHART NEEDS NO EXPLANATION.
Although we see a bearish engulfing pattern in the weekly chart, the uptrend is still intact. We are about to see some short term correction in gold price but in the long term, I believe gold miner companies will be benefitted from the higher average gold prices in 2020-2023.
wait for the price to close above the red line and then enter with confidence.
KEEP IT IN YOUR WATCHLIST FOR THE NEXT 2 WEEKS..!
GOLD HAS 5000 YEARS HISTORY, SO IT IS JUST A 1% FRACTION ..! YOU CAN FOLLOW MY GOLD ANALYSIS AND SEE HOW MANY TIMES I HAVE INSISTED ON BULLISH RALLY IN THE LAST 2 YEARS; WHEN THE PRICE WAS ABOUT 1200-1300 USD. IS GOLD FOLLOWING KONDRATIEFF WAVE OR NOT? ANY KONDRATIEFF CYCLE LASTS BETWEEN 45-60 YEARS. "Gold Is Money, Everything Else Is Credit" JP Morgan. The quote...
THIS COULD PUSH THE GOLD PRICE UP TOO 1700 USD BY THE END OF THE MARCH..!
WAIT FOR THE RESISTANCE BREAK AND THEN ENTER HEAVILY..!