


BIDU shows bullish sentiment as the largest Chinese Internet company. Technically, we observe a U-shape reversal with a strong Friday's close, which may open a path for the price to reach the previous long-term high. Monitoring for continuation.
Gold is consolidating above the 200-day moving average, giving intraday traders the potential opportunity to play a short-term long trade as shown on the chart. The medium-term perspective is still short: up to the 200-day moving average.
Bitcoin had plummeted from the area of historical highs of 2017. The liquidation was very sharp, however strong trends are not so easy to reverse. The potential support and a better trade location for the long entry is located below
TSM may be ready for the breakout. It has high odds of opening with the bullish gap after the holidays. However, we'd not chase the price and waif for the reasonable price for entry (pullback)
Gold had plummeted this week due to the increasing "risk-on regime" and liquidation of defensive assets (XAU, JPY, USD). The sentiment also has changed to positive due to the upcoming vaccination and expected economic recovery. We expect Gold to bounce from the support (primary scenario), however it may also slip below and turn into consolidation
FSLY is consolidating inside of the resistance area showing relative weakness. It may retrace to the area of the previous low soon giving a decent short entry opportunity.
Kirkland Lake Gold is a decent buy opportunity. The company produces gold from mines in Canada and Australia. It has a correlation with Gold (which will benefit from any rise of volatility) but has strong fundamentals, which keeps it steady when Gold declines. From my perspective, it can renew historical highs even if Gold consolidates. A decent buy opportunity.
Gold is setting up for the upside breakout. I consider buying it above the recent sessional high. It reasonably well held above the 1500 level - a key resistance. Now, the path the 1550 - 1560 is open. Also, we see this situation in a context or growing SPY and declining VIX. It means that Gold is increasing on the internals, not on the market fear. But low VIX...
BTCUSD had initiated a downside breakout in a very low-volatile environment. Usually, it means the beginning of a selling auction with a target of 9000
A correction on PAYC may be a good opportunity for a short trade. This stock remains to be under pressure and may slide lower.
After achieving a technical support, STOR remains to be in tact with the bullish trend. Market will keep focus on defensive stocks and REIT sector. A modest opportunity with 1 - 1.5% upside potential.
USDJPY has been in a large sell-off following a heavily bearish dynamics of US Stock indexes. Now the bearish auction had possibly finished and it is ready for the rebound. As the market fear starts to decline, USDJPY may sharply soar.
Amarin corporation has experienced a large sell-off recently, but still remains to look quite strong from the big timeframe perspective. Considering a modest positive sentument which drives the market, it may generate a pullback with further testing of 23 area and above.
I expect to see the upside breakout on BTCUSD considering that equilibrium between supply and demand has been extremely stable for the recent month. No surprizingly, it can sharply break out with achieving 10000 and higher. Placing stop below 5900
Bitcoin loses volatility for already more than 3 weeks. Usually, it might precede a sharp breakout - supposedly to the upside. Profiles show a very prominent area of accumulation, so I would not be surprised if BTCUSD breaks up to the upside very soon. Just bought Bitcoin against US dollar -0.18% with a tight stop.
The ascending move for Gold was too aggressive and too fast. However, there are no reasons to grow for the Gold just yet. VIX is going down, stocks are soaring, so there's no real market fear, which is one of the main drivers for Gold. All these factors may tell us that Gold may be seriously overbought right now with the nice opportunity to go short.