Johnsons and Johnsons is a stock worth buying at the moment and holding for the next year or so. They are pioneering a vaccine for the coronavirus and is due to be administered late 2020 early 2021.
RSI Overbought. Descending Trendline to be respected?
Hit 1.25 perfectly. Now back down to 1.23.
XAUUSD is in an ascending wedge. I will Open Buy if there is a breakout and retest. The 0.786 Fib Level lines up with another resistance level at 1648. At this point I will move my stop loss to break even and let the trade run out.
If this closes below Key Level 25.97. I will open Short to 25 and Beyond.
If this Closes Below Key Level 108.354. I will open up a short on Retest to 107.
If this closes below Key Level. I will open another Short.
Will be monitoring the chart over the next day closely. Strong rejection at 0.5 fib level with a strong resistance above 1649. We will see if the candle will close above the 0.618 Fib Level. I expect it to bounce back and forth before making a significant price movement.