XAUUSD GOLD is currently in the range 1988 - 1997 where the support 1978 - 1988 is the determining support whether Loco can maintain its uptrend or not. The price was rejected yesterday at this support and most likely GOLD will try to enter this range area again today until tomorrow's CPI. 1996 - 2003 will be a good selling area considering downtrend is still...
XAUUSD GOLDclosed the week in the 2004 - 2020 range last Thursday . Given the good NFP results, it is we already know that GOLD will make a GAP fall this morning. Now that the GAP is already closed, we know that downtrend is confirmed for Loco at least until tomorrow. Let's focusing on Sell where i see a resistance area at 1997 - 2003. It is most likely GOLD will...
XAUUSD XAUUSD is still in the range 1646 - 1657 Loco most likely will try to penetrate the MA100 which is also the resistance today to continue rising. If the resistance is not broken, the temporary uptrend is threatened to end and GOLD may fall again following the big trend. XAUUSD is still in a temporary uptrend with the reversal point at support 1640. SL...
XAUUSD XAUUSD is starting to narrow its range and seems to be forming a symmetrical triangle. If this triangle is fulfilled, there is a chance that GOLD will rise through the resistance towards 1733.380. However, with MA8 starting to slope along with MA20, Support 1701 will determine whether Loco can fulfill its pattern and strengthen its uptred. In MA Pattern,...
XAUUSD XAUUSD rocketed past 4 resistances overnight after CPI m/m of CHF fell 0.5% and ISM Manufacturing PMI of USD also fell by 1.9. This drastic increase managed to bring MA8 through the MA100 and almost confirmed the uptrend on Loco. Always remember that generally a drastic increase in a short time will be followed by a fairly deep correction as well....
XAUUSD XAUUSD is still sideway in the range 1647 - 1660 after correcting the price from its increase last Wednesday. The temporary uptrend has been confirmed and most likely the price will rise to resistance 1668 which will be the resistance determining whether Loco will confirm the reversal permanently or go back down to continue the current big trend which is...
XAUUSD XAUUSD has landed at support 1629 again but has not managed to break it again. The downward trend is getting more sloping, making support 1629 and 1617 become the decisive support whether or not the Loco continues to decline. Doing SELL is still the right choice for GOLD because there's no reversal pattern to be happen soon in sight. USE Half LOT. SELL...
XAUUSD After landing at the support at 1629 and correcting its MA8, XAUUSD broke the support and entered the range of the 1617 - 1628 area. The price most likely will make a correction today before dropping back and landing at 1617. The MA Pattern is still showing a strong downtrend but still Be careful with the Daily and Weekly corrections that are starting to...
XAUUSD XAUUSD finally broke out and fell into the range 1629 - 1646. An attempt to make a correction occurred and was immediately rejected, so the possibility of Loco landing at support 1628 is very possible. Be careful because the price may correct the resistance as well as the MA8 at 1658 before continuing to land at support 1629. Possible to take SELL...
XAUUSD Like our analysis yesterday, GOLD is trying to break through support 1660 again after being unable to get out of the sideway range 1660 - 1678. The downtrend still looks quite strong at Loco so support 1660 becomes the support to determine whether GOLD can continue to fall or will be stuck in this sideway range until it breaks out occur. We are waiting...
NASDAQ:LOCO Possible Scenario: LONG Evidence: Price Action TP1: ~19.5 This is my idea and could be wrong 100%
Above the 40 (November 2, 2018) – The Bounce from Oversold Survives An Early Test November 4, 2018 by Dr. Duru AT40 = 22.0% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 31.6% of stocks are trading above their respective 200DMAs VIX = 19.5 Short-term...
I do like this trade a lot. There is some "interesting" support from early 2015 which LOCO could pause at for a bit. Don't be chicken to take this trade though. Nice squeeze, there is a gap down. Likely going to play this with shares because options do not move that well on LOCO...
This stock is new and looks to be building a base, look for long on this one at breakout.