Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...
Hello dear friends! That's the end of another trading week! Let's recap the markets from last week and discuss our new plan for next week, shall we? On the previous 1D timeframe we saw the trend change and the market quickly tested the 1.0900 high. But! Unfortunately in the uptrend it is in a consolidation correction above the downtrend resistance level....
During this weekend's trading session, the gold market received the personal consumption expenditure index (PCE) report, one of the most important data of the week. Although inflation increased as expected, increasing the possibility that the US Federal Reserve (Fed) will lower interest rates this year, gold prices continue to decline. Gold prices' retreat after...
Dear traders! Gold prices are consolidating the previous recovery in a downtrend but remain limited in a narrow range near $2,350. Accordingly, News is ahead, we are waiting for the highly anticipated US Core Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation measure, for momentum new directional force. You need to understand...
Dear traders! We saw confirmation with the bullish sinking candle, getting support at 1.0830 with confluence from the 34.89 EMA. Therefore, the EU outlook remains very bullish and it is likely that based on our analysis, it continues its upward momentum towards the 1.0880 resistance and shakes open a bullish buy scenario towards the resistance level of the range...
Dear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and...
Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.
Dear traders! Conan sees GBP/USD gradually forming an inverted cup and handle pattern. Theoretically, the pair should quickly break the 1.2680 support level and fall further, as the fundamental and technical outlook is negative. Meanwhile, the confluence of the two EMAs around 1.2730 suggests continued weakness in the short term. If the decline continues, the next...
Dear traders! Gold (XAU/USD) traded steady at $2,340 on Friday, pausing a difficult recovery from Thursday's three-week low around $20 lower. The recovery came after weaker US growth data showed inflation will be contained and interest rates are likely to fall. As a non-yielding asset, lower interest rate expectations are positive for Gold. And if the upward...
Dear traders! Today's world gold price is listed on Kitco at 2,344 USD/ounce, up 7 USD/ounce compared to early yesterday morning. Accordingly, recently, traders' views have increasingly favored the scenario in which the Fed will keep interest rates higher for longer, increasing the opportunity cost of holding the yellow metal and creating Strong resistance level...
... for a 55.95 debit. Comments: Going monied here, selling the -75 call against stock to emulate a 25 delta short put metrics while having built-in intraexpiry defense via the short call. More patient people will probably wait for weakness ... . I'll generally look to roll out the short call on test or at 50% max/take profit on the entire setup as a unit at...
... for a 39.64 debit. Comments: After taking off my 44 monied for a small profit, re-upping with a setup in the same expiry, but with a better break even. Selling the -75 call against a one lot of stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 39.64 Max Profit:...
... for a 485.25 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 485.25 Max Profit: 7.75 ($775) ROC at Max: 1.60% ROC at 50% Max: .80% Will generally look to take profit at 50% max on the entire setup (stock +...
... for a 411.80 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 411.80 Max Profit: 8.20 ($820) ROC at Max: 1.99% ROC at 50% Max: 1.00% Will generally look to take profit at 50% max on the entire setup (stock +...
... for a 187.46 debit. Comments: (Late Post). Sold the -75 call against a one lot to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Metrics: Buying Power Effect/Break Even: 187.46. Max Profit: 3.54 ($354) ROC at Max: 1.89% ROC at 50% Max: .94% Will generally look to take profit at 50% max on the entire setup (stock +...
... for a 1.77 credit. Comments: Adding a short put element to my TQQQ covered call on weakness.
... for a .77 credit. Comments: Adding a short put element to my ARKK covered call position on weakness.
Dear traders! From the chart, we see the trend changed then the market entered a consolidation phase and reached 1,269 amid changing sentiment. The resistance area continues to hold the price but in the context of the correction and sell-off I expect that after a test of the 34.89 EMA the price reaction to this area will be consistent with a target selling...