Regardless of EW count, the new leg up looks impulsive thus far so looking to go long... just need to work out when this (assumed) correction (b wave?) has finished.
Low of day Retest. Already triggered in and failed the 10 EMA on the 5 Minute Chart. Could potentially retest the $16.10 level again before completely breaking down. It's already moved a good amount today.
New to trading, my very first chart. With recent fed news, coupled with venezuela news - my hypothesis is leaning towards a jump in ABX. Although, ABX has taken a hit in the last couple of days with investment funds jumping ship. The chart is a 4hr frame showing a oversold RSI. Again, I am new - so maybe I produced this all wrong. I am open to corrections and...
Bulkowski's Inverted Scallop in sight on Daily. Has Trendline Resistance at around 1325-1327 EMA20 on daily at 1325 may provide necessary bounce. A: 1305.38 B: 1375.92 (B - A) x 61% = Height of Impulse B + Height of Impulse = Target Price. ($1375.92 - $1305.38) X 61% = $42.82 1375.92 + 42.82 = 1418.74
1. P, 79% 2. FCX, 76% 3. X, 75% 4. TWTR, 67% 5. STX, 57% 6. ABX, 56% 7. NFLX, 56% 8 GG, 53% 9. SLW, 52% Naturally, we are coming into earnings season here, so there's a reason that some of these have high IV here (e.g., NFLX announces in a week and a half). Ordinarily, I like IV to be >50% and IVR (current IV's level relative to where it's been for the past 52...
Gold is testing lower levels of support as market participants aim to price in a potential rate hike in June by the Federal Reserve. While intraday price action is oversold, the daily chart is indicating further selling could continue to below $1,230. If a close below this key level occurs, traders can expect XAUUSD to reach $1,215. Subscribers of MacroView's...
Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...
Looking for long term trade entry around here, between $46.50 - $48. Will it ever come back to this level, only the $GLD Gods know. Check out $PAAS, $AUY, and $ABX for the next BULL pullback!! Let's make some fiat $$$$!!
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...
POTENTIAL SYMMETRY MOVE MAPPED OUT FOR THE YEARLY PATTERN. IT LAYS OUT THE EMOTIONS OF THE MARKET. :PRICE ACTION" IS EVERYTHING.
Gold has pulled back slightly, but still up almost 15 percent since 2016. Traders don't believe the current rally as they look hopeful of more central bank quantitative easing, which is exactly why gold has had its run this year; and it is why I have been saying fundamentals have been strengthening for gold for roughly 16 months. After gold volatility hit...
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy . Gold was pushed lower on the assumption that central banking policy would all pan...
Personally, Rick Rule is an investing hero of mine, and I hang on his experience and follow many of his insights. This is so oversold, and PM's are about to turn the corner. As Japan does, so goes Europe and the US... we are all about to embark on endless QE as the deflation wave begins the prelude to the hyperinflation wave that will be coming in the years ahead.