Copper is on a 4H bullish leg (RSI = 62.650, MACD = 0.014, Highs/Lows = 0.0064), after finding support around 2.6000. It just crossed (marginally) above the MA50 and on similar patterns since September 18, this calls for a bullish extension at least towards 2.8400, which is our TP. Breaking above the MA200 enhances the probability for a test at the 2.95000 1D...
After recapturing its 200 DMA last month (May), shares of GENERAL MOLY INC - NYSE:GMO have found themselves in consolidation mode on lower volume for the past month as is evidenced in the daily chart above.
With the stock trading just beneath its 20 DMA, yet comfortably above both its 50 and 200 DMA's, GMO remains in relatively decent shape from a technical point...
Some bearish patterns around 2010 high at $1430, will be an indication that we may have a short-term scalp opportunity!
"The market generates behavior patterns and the patterns repeat themselves, but not every time."
– Mark Douglas
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by...
Gold extended its very aggressive rise since the end of May and reached the August 2013 1,434 peak. 1D and 1W are extremely overbought (RSI = 88.227 and 79.095 respectively) calling for a relief pull back to at least the 1D Support Zone (1,348 - 1,377). This is where the Higher Low trend line (dashed line) supports this uptrend. A break below this line confirms a...
- Orange line : Fibonacci sequence x 1.618 from October 2008.
Yellow line : Fibonacci retracement 2018
white line : Projected Down Trenline from september 2016
Closer they are (orange and yellow fibonacci line) in between the high resistance/support is expected
- expect a down trendline would be tested and a possible retracement once it's touch that...
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade.
CL1 Daily. Maybe dealing with a false breakout at the moment here but this is what it looks like to me. Target @47 area which matches up with the target of weekly bear flag/correction. These two targets also align with the dec 18 lows. If we do breakdown, and reach that...
Gold has entered its 5 year Resistance Zone (1350 - 1365). This alone is an immediate sell signal. What's even more interesting though (and a stronger reason to go short on Gold) is the cycle that the metal tends to seasonally follow every 1.5 years.
The chart speaks by itself. I have distinguished two time periods: 2017/18 and 2019/20. Every time the price...
Gold has just entered today the 1,355 - 1,365 1M Resistance Zone with 1D highly overbought (RSI = 77.219) due to June's aggressive bullish run. The price is undoubtedly inflated due to the recent geopolitical tensions (U.S. - Iran) and the correlation with DXY has been broken. As soon as tensions ease, those dynamics will normalize and Gold should start moving...
A possible Sell opportunity:
- yearly levels (2017 high)
- strong area
Wait for a rejection from smaller timeframes. If possible then wait for a confirmation from bearish candlestick patterns.
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Since recapturing its 200DMA back in February, IVANHOE MINES LTD - TSX:IVN has been trending sideways and in the process, building-out a massive base as we can observe from the Daily chart above.
Additionally, IVN continues to trade above all of its important moving averages 20/50/200 and remains in fine technical shape.
Furthermore, if one were to zoom-out to...