First off, $1200 an ounce is what it costs the miners to produce gold. Miners have recently been doing great - this obviously adds support to the gold price. The closer gold gets to $1200, the less miners will be interested - the supply will drop and the price goes up. Fundamentally, gold can't really stay below $1200 in the year 2014 and beyond. Many people are...
Bull Market : Bear Market Ratio Approx. 2:1 Then a rally follows... Are we going up from here?
Self explanatory. Good position to enter long!
3D charting is Zar Negar's idea which I found very interesting: www.tradingview.com ▄︻̷̿┻̿═━一 Mark my words... GOLD WILL FLY NEXT WEEK! My cubes are not perfect but I have tried to put in stop loss (support) as well - I would probably place my stop loss at the bottom of the cube. I do think gold will try break 1313 next week - a very important level in my...
Could it be this easy? It should be self-explanatory. Gold seems to have found a bottom and a very similar pattern has formed, indicating a very high probability of a rally towards the 1400+ mark in the next month with geo-political issues acting as fundamental support. ▄︻̷̿┻̿═━一 Check out my 3D gold chart:
Could it be this easy? I just simply copied the previous pattern over the current one as I saw similarities.
Just an interesting observation with the Ichimoku cloud and trend lines crossing over in early November 2014.
Should see retracement back to 205 before continuing rally.
Based on the head & shoulders pattern reversal, I believe the yellow line going forward will act as a long term support line for Rackspace. Line looks a bit broken... but don't worry about it, it's just TradingView ;)
There are many reasons why the upcoming earnings would be a beat, and why Rackspace is due for a rally - if you are interested just ask :) The upside is 33% according to top performing analyst consensus. www.tipranks.com
Expecting more downside here for August 2014. I'd say it's a fairly safe estimate to say it will drop another 2.5% from here to 61.8% fib retracement, at around $92.24. 50% fib retracement is around $90.5 - I am not ruling out the possibility of this correction taking the price to that point.
A simple guesstimate based on fib retracement, support, resistance and trend lines.
Facebook will rally before earnings possibly to the $68-69 range before earnings and will add another 10% after the earnings, taking out the lifetime high and will hit $75+ before September 2014.