I am frequently asked about my opinion on investing in gold on current market prices. though I have already expressed my opinion on this subject multiple times, here is the answer from a different angle. Analysing gold on weekly we can quite easily identify key structure levels that are important for the market participants. Two major levels of support and...
hey traders, though we see some correctional movement on silver my outlook is still bearish. currently, the market is standing just beneath the major falling trendline. I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag. for us, it will be a perfect selling signal. Target level will be 17.0 Stop will be above the...
Shared this analysis 12/08/19 on my website. Price just hit my entry this past week. Looking for further decline. Website url traderbuist.com
Hello traders, XAUUSD - Wait for the trend break OR bounce! We will either make a small flat correction similar to the one right before and continue the uptrend to break the recent top or we will start a much bigger correction pattern from here before continuing the more long- term up trend. Wait for clear setups before entry! If you would like me to forecast...
Chart states it all. Could potentially be seeing 1.11650.
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume, Macro nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Slight Bearish Gold & Silver: ...
Hi all, Just a quick post to say: - I have been watching diversified commodity indexes recently as they provide meaningful diversification in any portfolio (generally a small % allocation is recommended) . - Over the past 9 years (as you can see) this has been in a strong and long-lived bear market. The bottom must be somewhere, below $13 is a good candidate...
XXX/USD: Mixed/Slight Bearish (GU is DOWN while EU is UP) Gold & Silver: Very Bullish (Strong Move) XXX/JPY: Bearish Indexes: Bearish BitCoin: Bearish
GOLD SELL TP_1211.47_1.17%_14.29pipsSL_1231.80_0.49%_6.04pips
Thanks for viewing. It seems we are still in the primary wave 4 correction as there has just been a significant impulse wave failure. Wave 3 exceeded a 1:1 extension of wave (i) up and wave 3 met all its internal targets, however, the recent correction was not stopped before entering well into the wave (i) territory. This indicates that further correction is...
Lower trend-line break. Strong chance of a price bounce to around the lower trend-line before commencing a steep decline to potentially make a 1:1 extension of wave A (primary) which would put the price down to $505 over the next 2 to 4 years. As this is a long timeline and a significant drop, I would tend to lock in profits along the way - as a full 1:1...
This buy signal is based on a bullish divergence which tells us about possible trend reversal. MACD supports the upward movement. ADX line falls and we can open long trades. The higher time frame gives bullish signals too. We can place pending orders for buy at 1328.50 level with stop orders at 1319.25 level. The main profit target should be at 1340.00 level. The...
Gold posted incremental weekly gains of over $12 which was broadly on account of bad data coming out of America which helped subdue fears over a possible rate hike by the U.S Fed in this month. Week was again a range bound one with the prices traveling between $1259-$1272 until last day when gold broke through the ever crucial $1272 conclusively which helped in...
BULLISH COMMODITIES AGE, BUT NOT AT ALL!! Just let get benefit from the market sentiment and fat cats chess movements. Buy at 1.216 when market is reversing and then respecting trend, close position at 1.306, so keep an eye on it.
Gold has pulled back to the .382 fib and key daily resistance (USD 1206.95/oz) where price is currently stalling. I will watch for bearish price action around this level and enter a position on a break down of the 2hr ascending channel.
We do see a strong inverse head and shoulder breakout on the weekly chart, however, still it is premature to say that a major trend reversal has happened. This is because the descending trend line drawn from the Feb 2013 and Dec 2013 high is yet to be breached. Once breached on the weekly chart, the bulls could call a long-term trend reversal. Note – Failure...
Caterpillar is known for being a global economic bellwether, and considering it recent stock performance you'd think economic activity is alive and well. Unfortunately, this is not the case. In fact, despite CAT "beating" its recent Q3 earnings estimates (which rely heavily on accounting gimmicks), the global mining and construction company reported that all is...