We see a potential bearish break from a rather large range on the weekly chart for DSY. It was very close, but did not trigger at last week's close. Something to keep an eye on the coming week.
#GOLD has been in a solid up trend for the last 4 years. Lots of fear to drive it higher. With a weekly time frame, some potential targets to the upside shown.
Lots happening here... overall setup is bearish (see related ideas), although we could see a bounce off the trend line here. Is that the bounce that gives us the short entry on the weekly, or does it invalidate our short setup? Not sure. No call here, just an observation.
Feeling a bit confused at how strong this market is in the face of the coronavirus... but ok.
Saw a fake break of the trend, now a hanging man... is it just another fake signal?
Looks like that Pennant and Flat Top Triangle are both targeting the same level... now it just needs to break.
That said, the pennant did already trigger a long.
No triggers yet, but with all the fear and uncertainty in the market around exactly what the impact of the coronavirus will be, we are looking at how Gold reacts and potentially at longs in gold stocks. GFI looks interesting, but we will only become buyers if the highs from Friday are taken out (daily close above).
