After a climb Sharp formed a descending channel and is now close to the channel ceiling
But does it have the power to break this channel?
Until the downtrend line is not broken, it can not be said with certainty that the climb will continue because we have witnessed strong reactions to the trend line and it has a high credibility and it will not be...
1. Confirmed Doji on 4Hour
2. Resistance zone 1814-1815
3. Break of weekly trendline- RETEST Expected
4. Retest of Consolidation @1795.26
5. S/L Hunting
Stop-loss is set for breathing room because gold is volatile and can wick.
Price ay retest 1825.00 level, if it does, I will get in again for a sell.
Just buying Silver @ 24.86, as it already broke the triangle (yellow) and pulled back to the range high BUY (which often acts as strong support). The grey trendline could act as a magnet attracting the price. For me it's good opportunity to get in with favourable risk reward ratio.
TP @ 31.9 which is resistance slightly below the projection of triangle...
MTL is moving up strongly after making a false break under the 4$ zone, and now it has a big change to move up to 5$, 6$ zone or even 9$ in the next few days
-Buy: 3.9-4.1$. SL B
-Buy: 4.9-5.1$ if A. SL B
-Sell: 4.9-5.1$. SL A
-Sell: 5.9-6.1$. SL A
-Sell: 8.6-9.0$. SL A
-Sell: 3.9-4.1$ if B. SL A
-Buy: 3.4-3.6$ if A. SL B
-Buy: 2.0-2.2$ if...
This is a comparison of XAUUSD (Gold) during March/ April / May 2021 and May/ June/ July 2020. As you see there are a few strong similarities:
* Both formed a Double Bottom on their start.
* A Golden Cross was then formed on the 4H time-frame.
* This gave way to a Channel Up (blue).
* The 4H MACD at the start of the Channel Up until now is virtually...
Pattern: Channel Up on 4H.
Signal: Buy as the price successfully tested the 4H MA100 (green trend-line) and the 1760 level (was formerly the Resistance for 1.5 month) as Support. The 4H MACD made a Bullish Cross.
Target: 1795 short-term (right below the 1D MA100 (yellow trend-line), which is holding as Resistance since January 08) and 1830 medium-term (right...
We are looking at Metal (MTLBTC) on the long-term timeframe (weekly)... Let's see what we have here!
Prices are moving above EMA50 for the first time ever.
There was a failed attempt to break this level in March 2020, we are trying again after 1 year.
Prices closing and staying above EMA50 can lead to really massive growth LONG-TERM.
We have 1700% potential...
Since 2010, on the monthly chart, the stock has tested a level of 100 three times. Now the stock is testing level 100 again today. If stock sustains this level, we can see the upcoming levels up to 120 and above in a couple of months.
The stock is also strong fundamentally.
1st target 110
2nd Target 120
Pattern: Fibonacci Channel on 1D.
Signal: Buy as the price rebounded on the 1D MA50.
Target: The 1.5 Fibonacci extension level (low-risk) or the 2.0 Fibonacci level (high-risk).
Previous COPPER signal:
** Please support this idea with your likes and comments, it is...
XAUUSD has a potential bullish move to complete wave Y of the complex WXY pattern which in nature is corrective.
This suggests around 1800-1820 is an area where we could expect the selling pressure to rise.
Pattern: Ascending Triangle on 1W.
Signal: Buy as the price rebounded right before testing the 1W MA50 (blue trend-line) with the RSI trading sideways supporting trading within the Triangle.
Target: 27.700 short-term (the 1.382 Fib extension) and 29.700 (August High).
** Please support this idea with your likes and comments, it is the best way to keep it...
Idea for Bannerman Resources:
- A quick technical idea for BMN.
- We are very bullish on uranium.
- See related post on MGA for further fundamental analysis.
- Technically a clear bull flag.
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that...
The Uranium ETF has sustained an uptrend since March 2020, with is rise resembling other bullish stock markets. Perhaps the most important development is the formation of the Golden Cross (MA50 crossing above the MA200) on the 1W time-frame. The 1W MA50 (blue trend-line) has been the Resistance throughout its multi-year downtrend. Can it now provide Support for a...
Yellen's departure yesterday scared investors in metals terribly. particularly silver is easily frightened and diverted from its path. Unfortunately, the beginning of a beautiful bullish trend was transformed by Yellen into a moderate decline, but followed by indecision. The question mark launched on raising rates and implicitly the USD, will weigh seems quite...
Finally the precious metal has broken above the 1760 Resistance which has been holding since February 26. The reason behind it wasn't the DXY or the rise on stocks but the strong daily sell-off on the US10Y, which broke below its own 4H MA200 for the first time since November! Whether that is enough to kickstart a correction, thus a sustainable uptrend on Gold on...
Gold reached yesterday the 1760 Resistance which is a very critical level as it may currently be the Resistance (since March 01) but is a Pivot as it was formerly a Support (two contacts: November 30, 2020 and February 18, 2021).
It is no surprise that the price got rejected there as besides the 1760 Resistance, it also touched the 1D MA50 (light blue...
Buy - Any dip below the CMP
T1 - 94+
T2 - 115+
Stoploss - 83.55 (Low of April 5, 2021)
The stock doesn't belong where it is being traded. It has rallied close to 10% in 2 trading sessions although the Indian Market ended in the red on April 05, 2021. With metals in focus and recent numbers released by SAIL in concern with significant debt reduction and...