Most of my followers know my take on Gold and Bitcoin when it comes to the macro environment we are in. We are deep into the confidence crisis. A confidence crisis in governments, central banks and fiat currencies. I have said you NEED to be in Gold and Silver, and I think holding cryptos is prudent too. In terms of the confidence crisis: Governments are broke....
New highs for the stock market in the midst of the pandemic
GBP/USD is approaching a crtiical point as the RSI shows it is seriously overbought now. It's fair to assume a correction will take place, once price touches the upper trendline around 1.29 level. Note: Pay attention to USD strength - the weaker the USD, the more likely for there to be a break above the upper trendline. NOTE: Not professional investment advice....
Gold keeps ripping higher. Currently it is facing some resistance at 1938, which is a Fibonacci extension level that we have drawn some time ago. Since gold is at all time highs, Fibonacci Extensions are pretty much the only tool we have to look for price targets. We have not seen the slightest retracement, and the Kovach OBV is still very strong. More...
My long TVC:GOLD call from February is up about 22%. As I mentioned during the early days of the pandemic, this crisis would rattle global markets and drive investors into tried and true safe havens. The pain Covid is inflicting on the greater true economy is something we have yet to ever see during this modern era. Until a functional vaccine is available I...
Simple setup. Long gold.
Hello Traders! Hopefully you took advantage of the HUGE movement that I forecasted yesterday! GBP/USD is respecting the "Head and Shoulders" pattern which means we're going to see big opportunities to make big money. For now, we might have a possible reversal to the upside as prices have reached close to a key area around 1.22235. Markets might continue downward...
Hello Traders! Considering the current status of COVID-19 and the upcoming UK Claimant Count Change (Unemployment Claims) that will be released in a few hours (Around 1 a.m. Central Time), we could expect to see a downward movement of the GBP. If unemployment rates are worse than expected, we can take this opportunity to make a profit by selling the British Pound....
Yes, after disappearing for weeks the COVID-19 DEATHS_GB is back. And now we can see, probably not for long, that there were 3587 deaths in the week beginning 6th July 2020, a supposedly 8.69% increase. As I've watched COVID-19 charts change before my eyes I wouldn't be surprised if this disappears without warning or record too.
After months of consolidation it looks that a inverted head and shoulder was formed.
US Dollar will become weaker the longer the Economic crisis continues to go on. The FED printed around $4 Trillion dollars in April now that the rumors are that their will be another stimulus package are possibly 1-2 Trillion dollars, their should be expected weakness in the dollar.
Hello analysts and traders - Looking at the FTSE100 - it is time to sell? We think yes - we have monitored this on private charts but now it is time show a public view and to close some longs and begin to hedge and close out final longs. Have you noticed a pattern? All indexes have had Vshaped recoveries - however is it sustainable? Nope. With a lot of the...
SPY closed up 0.57% yesterday. Beating small caps and tech mega caps indices for a change. Stimulus talk appears positive for the market. Buy the rumor. Coronavirus count increase a negative. But each day brings vaccine availability closer. ES futes treading water, up +4.5 handles as of now. Mom Squeeze indicator remains pointing higher. NY advance-decline...