IkuwaraNaga

IkuwaraNaga

Gold price is above MA200, Ascending triangle and Measured move up. There are correctional small moves against the direction of the uptrend for the past weeks but price goes strong in one direction as you can see in the chart. If we have confluence of fibo retracement 61.8% level with a trendline it is an even stronger indication that the trend will resume. ...

IkuwaraNaga

The price can't break below the red colored average line. And it keep staying above upper band of the bollinger band for 3 days straights. It indicates it is in bullishness state. It will be interesting to see the candle stays when Asian market closes today.

IkuwaraNaga

It is important that the price make a strong move towards the resistance 22.56 or 0.382% Fibonacci. In most cases, spike price like this will continue its uptrend to seek a new resistance. If it is unable to break through, it is time to short.

IkuwaraNaga

FB already start showing weaktrend for uptrend since last week. Next support level for FB is 118. If the price still break down below 118, The price will retrace to another level at 90. The volatility start to increase as you can see the bollinger band start to get widen which means the price might further down. Buy long only when the candlestick start to stay...

IkuwaraNaga

A golden opportunity to buy long Gold futures! It just break above the 20MA line in Bollinger band reaching upper band. The price didn't hit below 1294 which became a support level for today's hourly chart. Plus, price hitting above 61.8% fibonacci retracement.