Todays analysis – SILVER - Consolidating within a long term descending triangle as it nears apex.
Points to consider:
- Strong resistance
- 2.272 Fibonacci extension target
- RSI above 50
- Stochastics overextended
- Low volume
SILVER unable to break structural resistance with multiple failed re-tests, however, price is quickly bought up as it retraces...
Today’s Analysis – GOLD – trading in a range with a probable inverted head and shoulders, further price development is needed.
Points to consider,
- Impulse bull move (range resistance)
- 200 Moving Average support
- Neckline target
- Oscillators above 50
GOLD retraced from range resistance to the .618 Fibonacci where it established its...
Gold chart forming rising wedge with stochastic divergence i.e. loosing momentum? I'd like to go for short this week. Technical analysis only, perfect entry when it breaks down the wedge, watch out other fundamental news! good luck! The profit u gain or loss is not responsible to me.
Currently Oil is apexing and finding a resting spot over the consolidation zone below whilst hitting its head against resistance zone one (this is a zone of price and not a fixed price) I’ll leave the prior trendiness intact until weekly close as this market, although moved north, hasn’t given enough confidence. A push to R2 would show this. Oil has enough...
gold price moving in triangle and trying to break above the triangle
always remember wait for trend to confirm and Retest is the key.
well i am bullish and ready to buy gold here small amount only
Buy retest of trend line
Posible compra con muy buena gestión de riesgo, mas de 1:3
Divergencia desde hace ya casi un mes en los indicadores MACD y RSI, buscaremos la subida hasta los $25 USD al menos debido a la flexibilización cuantitativa ilimitada que ha implementado la FED a causa del COVID-19
📖 Esto y más te explico en mi libro "Secretos de un Inversionista" disponible en Amazon...
Here is a quick and simple analyses on OIL, that made an Bear Trap on important Support level, and we consider traps the most important indication of price action for decision making in trading.
We belive the price has a chance to test the next important resistance level.
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Technical Analysis and Outlook
As projected initially on January 4 and then Feb 1 Gold chart analysis, the 6th phase stage 1 and 2 movements to Inner Gold Rally $1,635 and Outer Gold Rally $1,672 respectively are in progress. To continue the rest story, see 'Market Commentary & Analysis February 19, 2020 page, at TradingSig_dot_com.