Gold prices have extended the rally from the USD1194.55 monthly low of 10 March. However, the push above the USD1263.95 high of February has met with a sharp reaction as overbought short-term studies unwind. Risk remains for a corrective pullback towards the USD1226.96 low of 21 March and the USD1217.50 break level, but improving weekly studies should limit any...
Gold sees to be forming a Flag pattern or a double bottom, but my bets are on flag pattern as volume seems to be decreasing, also, the 100 Moving Average is providing support while the 200 Moving Average is providing resistance.So, short for now.
MARKET ANALYSIS: The pair has completed the flag pattern and now is trying to make a lower lows. Mostly we will be able to reach the downside support after a short retracement or without it. Anyhow until the market breaks the resistance the pair would head south for the next support near the 1.06000 level. So lets wait and see what the market does in the coming...
We've seen a holding of a long term trendline on the 4 hour in gold Trigger is a counter trendline break, targeting the outer trendline @1240
After 2 months of bullish cycle, it's time to bring gold down... As you can see in the image, there are multiple confluences in 1255-1257 area. I'm expecting an important bearish move to 1200.00 (monthly support). My stop loss is going to be at 1261.00 Risk-reward: 7.18 Enjoy... Albx
I am looking for shortterm sells on the EUR/NZD, EUR/CAD and EUR/AUD. Charts below. I believe the fall in commodities will see a shortterm correction in the coming 24h before the FED. Eur looks to be the weakest link for now, with Netherland elections and some overbought looking markets. Its a shortterm and risky trade, i will move my stop as soon as possible to...
Be aware for the next movements of Silver chart, My guess is long position when it reach $17. Stay tuned in the next weeks.
Hello Traders, Today we would like to present you TVC:SILVER as it seems to decline in near future. Let us break down the analysis. Starting with the fundamentals/macro overview as usual: TVC:SILVER is currently not a very much watched instruments in the financial market, however it shows some interesting pattern. These pattern we would like to provide...
Hi guys, In effect, this is an extension of my aussie trade posted pre-Trump (26th October 2016) in which we bagged 500 pips. AUDUSD has seen rapid recovery off the back of both dollar weakness (mainly due to lack of details of the US administration's economic plans) and rapidly rising commodity prices, in particular iron ore (/it has rallied 10% recently,...
200-EMA is starting flatten. (Please plot yourself) Both 20 & 50-EMA are moving downward, downward trend is expected to be continued. Price manage to break the Resistance Zone and followed by a slight pull back which is a good signal to short Here are 2 trading plans: 1. To short now with right risk amount 2. If the price pull back near to resistance zone,...
A doji was formed around a strong resistance line on the 4hr time frame. I am comfortable that a drop will occur and will I hold unto this position until it reaches the 50% Fibonacci line. In which I will conclude if this position has potential to move further down. My stop loss is above the resistance line.
Long off range breakout - stop on a close below 50dma.
Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level originally rejected in November.
Still quite bullish, previous weekly resis level 1182 with a hammer forcing price to shoot up towards 200 ema to begin eliminating previous highs, as the dollar weakens
I am going to wait for a signal to short this. This has been an incredibly powerful bull run. As you could see, OJ runs with force when it trends, so it's a very difficult market to capture unless you're way ahead. Ultimately, level 3 should be established at some point and OJ will probably create a new range above 200. For now let's look at the signals and...
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close (32 Commodities) drive.google.com Best regards :) Aaron