The 4H Channel Up broke sideways (ADX = 22.055, Highs/Lows = 0.0000, Ultimate Oscillator = 50.608) and if it keeps the current Lower High sequence (1,250/ 1,249.25) a Channel Down will emerge. Technically expect at least the 0.382 Fibonacci level to be tested at 1,235.40 with 0.618 = 1,226.10 the extension.
The 1D Channel Up has its technically Higher Low ...
Hope this idea will inspire some of you !
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The craft of trading is like solving the greatest financial puzzles using mathematical equations and behavioural structures. F
Gold has been one of my favourite markets to trade due to its structure, and precious ability to act as a safe haven when everything looks gloomy.
I am not painting gloom as yet, but will definitely capitalise on the next drop. Don't ...
Gold approaching a key resistance area; 50.0% of Fibonacci Retracement of this year's bearish impulse.
Illustrated is the swing support to which the market could make a correction movement (pullback) before continuing moving within the uptrend channel illustrated in dotted lines in color blue.
Best of luck!
Just an update to a few posts i've made recently. Silver has been seemingly held down for a bit but I think this is the last chance to really get in before we see at least some kind of markup. Virtually every indicator/strategy is screaming buy this outside of slower MA strategies (but that's not my thing).
-bullish wyckoff accumulation entering ...
Metal is going for a second round, this time with more momentum and potential. This is a very low risk trade.
Here is the
The RSI is already on the bullish zone.
MACD is having a bullish crossover.
EMA10 being broken (confirms after daily candle closes).
Great chart structure (weekly)
As explained in a previous study, Palladium should be the winner of the next few months among top commodities. The reason that the current 1D Channel Up (RSI = 59.618, MACD = 11.640, Highs/Lows = 7.4335, B/BP = 20.3740) hasn't moved any higher is the general selling pressure on the metals sector during the last few weeks. This has the potential to cause another ...
Gold was falling for a long time without a good pullback.
Now we are in that very corrective move as metal rebounded strongly from the 1180 area.
C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
Palladium futures are moving in an ascending channel, making higher highs and higher lows. It should be safer to only place buys, as sells may be short lived. However, feel free to play the tennis game inside this channel.
This should be an easy one. Do remember that metals are quite expensive to trade so go easy on the lot size if you have a small account so ...
Sun 09.Dec.2018 12:13
Gold Spot movement during the last few days showed a Bullish move, with a recent high price seen on Fri 07.Dec.2018 at 1,250.31.
During the next few days the price is expected to go up for 1,250.25 and then to 1,265.30.
The Short-Term view is expected to continue to be UP as long as the price is above ...
BUY: 0.00007000 - 0.00007200
SELL: 0.00011100 - 0.00011200
Metal (MTL) is a p2p platform for exchanging fiat money for cryptocurrency. A wallet application was developed where users can carry out real-time transactions.
The main feature of the Metal (MTL) platform is its PoPP (Proof of Processed ...