-> What has happened?
-Technology stocks, which are popular this year, have been up for a second week, but other key stock indices have remained resilient, with a weak dollar indicating that investors have confidence in the next rally. All of this suddenly collapsed yesterday, when European indices fell and the US dollar rose sharply, causing commodity prices to...
Completed the Head and Shoulder and now looks good need a retest of this support and Good Volume for Breakout else another fake out or low swing than we can see Bullish move
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
XAUUSD is having a really good momentum and impulse.
The 200sma is holding in the 4 hour chart.
Looking strong for another push up
Target +1700 usd (+6%)
Hello Traders,
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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Gold has been going sideways for 6 years and it recently broke through the trend. Normally I trade the 30 week moving average and you can see from this chart that it crossed the 30 week in November of 2018 and the pullbacks started bouncing on the 30 week moving average. Afterwards it broke trend at 1375 and had that recent rally up to around 1550. Gold is not the...
Hello Traders,
New Thesis on LTCUSD,
Points to consider;
- Uptrend Broken
- Broke major support, now testing as resistance
- Stoch crossing bearish
- Volume climax on 4hr time frame
- EMA crossing bullish, insignificant with all bearish indicators
- RSI neutral on 4hr time frame
LTC needs to break this major resistance for it to continue its uptrend,...
With Gold hitting key Support and Resistance zones with the combination of a Flat Top Triangle, it gives us 3 options, A break of Resistance, a consolidation into the triangle or a push to the downside breaking the bottom of the trend-line.
