A strong Monday and gold should move directly towards $1,415 within the next two weeks. Otherwise we should get a pullback. In any case wait to buy the next dip between $1,262 - $1,295.
Gold FX:XAUUSD made a blow off top last Friday thanks to the Brexit panic. Now it should retrace/pullback at least 38%-50% of the move since 1st of June from $1,200 to $1,358. Overall Gold is in a new bull-market and in a strong uptrend. Therefore BUY THE DIPS. The next one should come in between $1,262 and $1,290... Stop has to be below $1,232 - better below...
Since the top in early November at $500 Bitcoin has been in a large consolidation. I have often written about this rising triangle formation and the massive potential. Now the breakout has finally happened and the price for one Bitcoin surged fast and furious to nearly $600. Our position is nicely up and we just have to let our winnings run. Of course, Bitcoin...
Here are the potential scenarios: 1. More sideways consolidation above/around $1,200 over the next couple of weeks until 200MA ($1,266) is hitting $1,200. That might take some more time. 2. Final sell off down towards the rising 200MA ($1,166) which would get everybody panicking and would create an outstanding entry chance. 3. The lows are already in and once...
First time since mid of march that gold is touching the lower Bollinger Band. Gold is short-term oversold and ready for a bounce that could take it back to $1,260. Overall the correction towards $1,180 - $1,215 likely will become a lengthy back & forth battle. Just be patient. The weekly chart is still far from being oversold. Buy the dip between $1,180 - $1,215...
Buy Fortuna Silver Mines on any pullback/dip: Buy limit: 50%@$4.70 and 50%@$4.25 Stoploss: $3.00 Targets: $7.50, $9.50, $14.25
Ethereum is a public blockchain platform with programmable transaction functionality. Ethereum includes a digital currency called "Ether". The price in US-Dollar for this cryptocurrency "Ether" (ETH) is up more than 3,700% over the last six months! Ether has a lot in common with the famous digital currency Bitcoin. Both are a purely digital store of value and...
Bitcoin continues its sideways consolidation below the massive resistance zone $470 - $500 and is currently dancing around its 50MA ($443). Unfortunately an important trend-line has been broken last week. The Bollinger Bands are still moving sideways predicting that soon or later a big move will come. Basically everything is still bullish but I don't like the...
Gold´s consolidation could morph into a correction but the mantra remains to buy the dip Gold continued its consolidation and has not been able to establish a clear and sustainable trend. It´s been dancing around the falling 3 year downtrend line ($1,247) since mid of February. Last week´s top at $1,262 probably marked the begin of the expected pullback and gold...
Gold had a spectacular start into 2016. But since 11th of February it got stuck in a consolidation between $1.200 and $1,280. Basically it did everything to drew in the last bull while not make any large progress in price. Most likely outcome over the next couple of months is a pullback towards $1,180 and maybe even $1,140. Don´t short it but patiently wait for...
Bitcoin continues to run into a triangle. Initially I thought it would be an ascending triangle, but now it looks more like a symmetrical triangle. That would lower the probability for a breakout to the upside as a symmetrical triangle can break up in both directions. But so far Bitcoin continues to behave bullish here and we should get a decision rather soon as...
Gold had a spectacular start into 2016. But since 11th of February it got stuck in a consolidation between $1.200 and $1,280. Basically it did everything to drew in the last bull while not make any large progress in price. Most likely outcome over the next couple of months is a pullback towards $1,180 and maybe even $1,140. Don´t short it but patiently wait for...
Bitcoin continues to consolidate within its bullish triangle. Let your winnings run and move your stopp to $350.
After 3 weeks consolidating within a pennant Gold broke out of it last Thursday. Another triangle has been forming since last Friday´s high at $1,280 and again Gold broke out of it to the upside. Next targets are $1,300 and 1,320. Only below $1,245 and especially below $1,212 the bears are back in play... Don't short this baby bull since there are really no...
Bitcoin indeed needs more time to consolidate & correct the sharp rise during autumn.. My ascending triangle was too optimistic. I adjusted the triangle. The 200-MA is rising and will need to create a floor below the prices before Bitcoin can move on and breakout above $500.. Super critical support around $320-$300. I don't want to see this zone being broken on a...