Rookie398476049358670
From here to 1.17, pullback to test market structure, and then all the way to 1.21.
This thing can be >100. Early accumulation phase.
A closer look on XAUCNY suggests more downside to come in XAUUSD.
TLT has been displaying relative strength lately, holding the ground of 118 well. Record short position is shown on COT report from fund managers, but they are unable to push price much lower so far. This favors more upside in TLT. However as always, if you don't have enough capital to handle a swing opposite to your bet, you may want to time your entry. In my...
Going long is the right choice I think.
Evening doji confirmed with a long red candle. Bears control CVPOC of the top plateau. Yuan likely to rally in the coming days.
Quick trade for a bounce to 1200.
LVN at 1.12, but I'm fine with Euro ripping here as gold and other metals are at support.
As shown. Trade entered at 2.862.
AAPL failure to break 208 will lead to <200 and a potential gap fill.
Gold has held above 1200 support and is coiling into a very tight range. Friday we saw a failed new low, which suggests that bulls could be looking for at least a stop run day to test the top of the yellow trading range at around 1232 spot price. Above 1236 LVN opens up 1262. The most bearish scenario is a breakout failure that could send this thing tumbling down...
4H PPO just made a bullish cross. This thing can now go any minute. Any flush below recent lows is a stop loss, break resistance $10 above opens up the sky.
GDX broke trendline on a weekly basis with OBV breaking trend as well. Very bad signal for gold. 21.32 is the next support if this does not turn out to be a bear trap next week, and below that opens up 18 level. Overall this thing may not be a triangle at all. So what is it?
Platinum has witnessed weekly rejection off long term key support level. It is building up energy. Bears are defending the down sloping moving averages in hope for breaking the lower end of the trading range. Bulls would like to break above the trading range which intersects with the downward trending yellow line on the weekly chart, which opens up the green line...
Inverse H&S spotted on weekly chart just below the trading range, suggesting a potential strong breakout in TLT. Notice that further weakness is possible with bearish target to 116, which is the bottom of the consolidation range and pretty well defined value area low end. Buyers would step in from there to bring this thing back to the trading range, and that will...