Why gold is really moving higher....
Gold had another strong week following a more dovish stance from the Federal Reserve last Wednesday, leaving the the Fed funds rate <75 bps.
Moreover, gold futures were able to close above the key resistance level of $1,200 – a level last seen in November. The growing uncertainty of President Trump’s rhetoric and policy is...
Bull Signal on Platinum - XPTUSD
MacroView Research forecasts platinum prices to extend gains near-term vis-a-vis weaker U.S. dollar; a view we've had in mid-December.
Trade Mgmt: TP on 50% of position at $1,015; move threshold to breakeven
This is a free version of MacroView Research's TrendFlex alerts, a...
Simple technical analysis, when applied correctly and over long time frames can be incredibly effective at generating returns. Here we have a Gann Fan with three simple levels 1/2, 1/1, and 2/1. The market has reacted well with the fan thus far. This could be an indication that the market will also react will with the 2/1 trendline. In addition Silver is sitting...
OPEC proved it is not going to let oil prices plummet again, 618 retracement completed!
RSI together with MACD and Structure analysis suggests a similar technical story. Fibonacci levels and Previous Strucutre will not let OIL go below 46.
New highest for the year in December? Why not!?
The dynamic support, has arisen from the lows reached by the prices in March, sees right now testing its trendline.
Although it seems to have been a breakout, it is important to follow developments in this area.
The intersection of both levels should prompt us to monitor the market with extreme attention, precisely because of this area could have important...
Platinum "broke" its down trend recently, but it had a dramatic 2 day pullback to the base of the breakout. It is unclear whether the recent upswing was just a mildly longer pullback (see figure for pullback amounts) which will result in another drop in price or whether this is profit taking from the recent upswing.
A break below 930 indicates a continuation of...
Today oil gave up all its gains from yesterday, which is a key signal that more pain is coming (albeit short term). I see two sets of bearish RSI divergence points after today (one longer term and the other short). All signs are here for a clean short swing in oil. I will be starting a short position tomorrow (unless of a massive drop overnight), and will set my...
Just like Goldman Sachs adviced, BUY GOLD.
It hit lots of strong supports, as seen on the graph, and there is past structure that makes it hard to break that support and continue its downward movement from the past several sessions. Fib 0.6 and Over-sold market help as well.
USOIL has been seeing incredible strength after its 26.01 lows earlier this year. It does not show much sign of slowing down and thus it is important to identify possible positions of resistance to its long trend.
From the chart I have illustrated 3 levels which are likely to prove some strong resistance. The thicker the line the strong the resistance at each...
Look what we've got based on Monthly descending bullish channel
1M: Bullish channel (not wedge) resistance sustained
1D-4h: Reverse price bar on 1D with DIAMOND TOP and H&S, SHS or Head & Shoulder figures formed on top for reverse and move the gold to new low
Some details and multiple timeframes charts would post later