As you can see on previous posts we took profit in on green zone at 1897. After today's news we had a rapid decline which bounced off the 50 & 200 MA keeping us in a bullish sequence. We are looking to engage long positions at lower level support zones unless we have upward movement confirmation in this area. Overall I want to continue following the upward trend...
Gold Broke our bull flag - entering a position around 1884 with a TP at resistance 1897. Currently we will see if we are rejected at the 1900 area & look to re-enter at lower levels or if 1900 level is broken we will re-engage trade.
Currently gold is consolidating in this triangle formation. We executed a quick trade on the bottom support with a TP at 1888 top of resistance for a trade before the weekend. We will now stop all trading to secure this weeks profits and wait for a break of this triangle. We are still buyers following the bullish trend looking for the best levels to buy in. Be...
Hi all, That is not investment advise, gold / silver ratio price action working on gartley harmonic pattern 1.414BC --> 72.672 AB=CD ---> 72.569 0.786XA --> 72. 409 Under 1.0XA Stoploss ---> Under 68.8 ---> invalidation level If 1.0XA breaks gartley will convert crab harmonic TP1 --> 77.414 TP2 --> 80.512 Trade with care ht.
Technical Analysis We have broken the long-term resistance trend that had been in place for almost 10 years. RSI is very overbought, but this market has proven overbought can stay overbought for a long period. In the chart there is 3 potential targets for Copper in the long-term picture. There are several place to take profits and/or add on pullbacks. (These...
Our team played the breakout from the H&S Pattern securing 1833 - 1850 profits. We re-entered at 1852 with a TP1 1858 TP2 1860. Posted in our previous posts. Now we are looking for re-entry. Do not enter here. If we fall Back to a strong support that can be good re-entry. If we break a strong resistance that is also a good entry point. Ultimate target 1900....
$CKG Trend line Price target - $9-10 in April
I hope you enjoy this video and learn from it Why I went short Where will I stop Where can the price rebound How do i manage my positions (on live account) Why Ripple is not Bitcoin Why Ripple is to bitcoin what Silver is to Gold
The Broadening Wedge Ascending pattern forms when the price of a security progressively makes higher highs (1, 3) and higher lows (2, 4), following two widening trend lines. This pattern may form when large investors spread their buying over a period of time. The theory goes that after initial buying occurs, other market participants react to the rising price and...
LONG opportunity. great risk to reward setup
Dollar Index has taken a large hit due to the massive level of inflation experienced this year due to monetary covid response. 23.6% of all US dollars in circulation have been printed in the last year alone. Since DXY has crashed and sold off deeply, a sharp reversal may be imminent. At the minimum there could be a sharp move up and whether it sustains and...
$CKG broke out of channel, broke above 20 day
Gold has begun printing bearish RSI divergence on the 1H timeframe which is a strong indication of imminent downside movement. Sell position opened and awaiting selling pressure with a downside target of the 0.618 fibonacci retracement at $1800-$1810.
Im really liking how we are staying above the 200 SMA- looks like we want to break out of this channel any day now 4.51 next resistance (50% fib) then 4.66 (Aug 2019 high). 200 SMA support at 4.36.
Gold has been respecting the descending channel for some time now and we have approached the top of the channel. Gold could either reverse back down and consolidate before breaking out upwards or potentially power straight through. As a result, a short position is placed with a tight stop should gold push through and breakout of the channel.