NASDAQ:ABNB I has been consolidating in a large range from around 174-214. It tapped the 173.50 support a couple of times last week and may be looking to reverse and head back up to to the upper end of the channel. The confirmation would be the hold of the support while also breaking through the trend line(green), this would also serve as your safe entry. First...
NASDAQ:NVDA Take a look at NVDA on the Daily timeframe. It had a nice consolidation at the top, that looks a lot like distribution. It had a failed rally and then started to come down and test support and then another rally, this time on lower volume which is where we are right now. I failure to hold support in the 475 range could be the break needed for the mark...
major weakness in dollar + weary US election uncertainty (runoff guaranteed)
forming higher lows and failing to drop under major support 1840 (triple bottom here)
next 2 weeks can be shaky
bottom wick could form at 1898-92 upon market open*
1940-1970 demand zone to drive price higher
looking to close above 1908 on MONDAY 10/27/2020
I have been trading and investing in gold for a while now leading up on this run and expected to see a descent pause in the market after launching out the top of this long term growth trend.
I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon.
Gold rush! everyone is buying gold and in the past 5 days OANDA:XAUUSD prices were forming a compression. It created an impression that the price may go up even higher once passed $2,000 mark.
Don't get tricked, we are a trader, we look for a better price and minimise our risks.
Here is my trade opinion :
Sell Limit at $2,029
Stop Loss at $2,082
more sell off power from DXY will drive gold to $2000.
Last month in 3rd QTR.
Loss of revenue from corp America/Education/ sports/ lack of political security in hindsight of 2020 election = gold to $2020 for 2020.
Orsu metals released some interesting & pretty impressive drilling results on multiple holes in Russia, indicating they've "struck gold," for lack of a better expression.
I'm not great at reading drilling results from Gold mining companies, but I can read the charts fairly well, and apparently the market likes the results, so far.
An ascending triangle is a...
I am going to try to catch some pips with the correction. Pay Attention as it is against our main trend. Price action seems ok so I am going to enter the trade. Goal is to get the sl Pretty fast to BE or close part of the Position in good Profit. The trade could bring more pips then target. Lets see what the market brings.
Log view, we're sitting nicely on 0.236
Gold won't break down below this triangle if not oil breaks down... Currently there is no way to change the vehicle fuel to electric, it will take 5-10ys of development. Trucks haven't even made that shift yet. (Tesla/Volvo not there yet)
Gold currently costs more and more to mine with a absolute breakeven at 1100, a more...