EMAs on the monthly are soon to death cross unless SBUX makes a huge move upward. There's a head and shoulders on the monthly charts, inverted cup and handle (venti) on the weekly, and currently closed below 50% reversal from the last drop. Target is possibly ~58 region, but may stop short in low 60s. Catalyst may be Microsoft CEO's Satya Nadella resigning from...
There is a lot of selling pressure for gold, with RSI signaling overbought conditions on every higher time frame. Undoubtedly bullish, however, it may have reached a peak. In my opinion, a lot of consolidation is required before pushing for another ATH. Currently, a double top appears to be in the making, with a swing rejection candle on the daily, with a hanging...
Bulls successfully defended a crucial swing level, and there appears to be a reversal observed in the spinning top candle on the daily. Possible next targets and take-profit zones in this chart where they are sure to meet resistance. Unfortunately, a lot of these movements may happen outside of regular trading hours in the U.S. (for GLD symbols), so trade...
