NAS100 went negative from the early hours of Friday. The market went down and it could be go even deeper on the negative to the end of Monday. NAS100 has a high volatility. It could go from negative to positive on Mid-day Monday. Anything is possible when it comes to INDICES.
Gold is showing a head and shoulder movement. The price could fall and reach a TP of 1679.5 of the previous big rejection by the BUYERS of Gold. The GOLD could reach the lowest price of the 21 August 2021 when gold fell to 1679.5. The BUYERS could come in to BUY again with the low price to take gold to the highs again. Maybe the BUYERS are waiting for the NEW...
WTI CRUDE OIL is somewhat caught in a box between the sellers and the buyers. The sellers are looking to continue their strong charge to the downside. The price has broken 69.50. The buyers took the price up to 70.31 however i see the price returning to the downside because of the resistance that exist at 70.54.
This is the other way of looking at the price fall and rising. The market for gold needs buyers. When you look at the GOLD (XAUUSD), you can see that buyers are needed in the market. Same here. Exporters are not buying. This leads to such a confusing price changes.
Gold CFD is looking to take the trend to the long position. I could be wrong and it could be a retracement or not. The trend shows that it could change direction to the BUY Position. Wait for a the 4 HOUR candlestick to clear and there might be a clearer answer.
Update on the Nas100 The day ends with UStech100 having reached the previous shoulder ofc 16459,1. The value could fall hard on 30 Nov to as far as 15910.5 price before going LONG reach 16769 or 16790. The future is just about to roll out itself with tech highest point of the year.
I know the PRICE STOPPED OUT the last attemp to the upside of 16767.0 However there is still a positive outlook on the price to break above the doubts. NAS100USD is coming back to the high about to break above 15988,7. It is looking positive to break above. When the price reaches 16119,1 It will be a signal to go LONG. Take profit will be 16763.4. Always have a...