I see liquidity thats need to be filled in bottom. I have a low stop for Bullish setup to grab "resent high".
Gold is bullish but there is some money to grab before bullish momentum.
Long GS @383
TP: 600+
SL: N/A
GS at -10% correction lvl. Only trading 6x 12ttm and forward earnings. fed hikes/ inflation/ increasing rates good for banks especially as GS ramps up retail exposure/ loans.
Also if u look at last 2 years GS has bounced off of the -10% lvl every time.
I take a sell trade to the liquidity area and wait for some Bullish confirmation in the liquidity area. Gold still Bullish but some money is to be made traders.
Copper futures broke out of their wedge this week, with per tonne prices breaking the $10,000 milestone. Names such as Freeport-McMoran (FCX) are benefitting from this, while TRQ is on discount due to. setback in their mining process. Despite Fed tapering, copper is strong, surprisingly. I believe that now is the time to get in "The New Oil", as stated by...
GS looks good for highs once again iMO..
Over 399 get ready for 403 - 411 - 420 R LVLS
Can scalp 399 to 403 on a quick play. .
If buying commons
LIS 390
Investment banking behemoth Goldman Sachs recently announced its intention to acquire GreenSky, a sales and "buy-now-pay-later" fintech company, in an all-stock deal worth about $2.2 billion. GreenSky is a major intermediary for home improvement loans and planned transactions, and allows customers to make purchases and repay them in multiple payments over some...
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS...
Possibly the most prolific take on the future of the coin given the current, controversial period of its existence. Here we see a complete market cycle based on the Elliott Wave theory. The layout is limited to primary and intermediate waves only with exception to the emphasis placed on the leading diagonal pattern. The motive VS correctional distinction is also...
First position very small. Will be adding to idea as plays out as currently the 10 years are not in my favour. Lets wait and see with this one. Looks nice, but not the best short term fundamentals. Long term bullish on silver anyways due to fundamental uses.
As you can see we have a C&H breakout with an implied price target of $384 on this pattern. May see a re-test of the neckline and if so, this will be your best entry on confirmation that this becomes support. GL!
