Gold appears to be in a sideways corrective phase after a strong impulse wave (see our Ghostsquawk course module on Elliott Wave Theory). Note that the Kovach OBV has flat-lined confirming the ranging behavior.
Currently, the price is right in the middle of the upper and lower bounds of the Kovach Reversals Indicator, suggesting it could go either way from here....
Focused on hemoderivatives (blood plasma), Grifols is great value by most of investors. Even though the company might be one day spitted by any scandal on how it is gathering the plasma in the US, americans have got a high stake on it and today it is focusing on an hyperimmune immunoglobulin with specific antibodies against the SARS-CoV-2 virus. Grifols estimated...
This morning, I saw an educational video from transparent-fx and showed that the EURUSD is shaping an inverse H&S in D chart and indeed it is. Besides, in the H4 chart it comes from shaping a non-inverse H&S what makes you realise that the pair is experiencing a sideways movement since June 8. If the figure is finished, by June 30 EURUSD could reach 1.14. In...
Gold continues to range, like most assets since yesterday. It seems to really be having trouble with a cluster of levels between 1737 and 1742, including Fibonacci and technical levels. Where it goes from here will depend on risk sentiment in the news, so please refer to our Ghostsquawk AI tool for updates as the day progresses. On the upside, it could hit...
In addition to my previous post which was forecasting a test of 1.15000 and last years August 2019 resistance has demonstrated Euro residence on a risk off day with all major indices down (Airlines and Retail the dominant forces in the sell off).
On a basis of euro stimulus and 2nd wave outbreak in the US this could be seen to be a golden opportunity to test the...
Good morning traders,
AUDJPY has broken to the downside of a bear flag structure.
There is also a head and shoulders formation playing out suggesting a break to the downside.
JPY appears to be strengthening across the board this morning.
Any thoughts or comments please let us know,
Double topping gold with Neck line 1690, wait to retest that area and sell the gold! Target 1610. Technical analysis only, watch out for other fundamental news. *The Trade u gain or loss is not responsible to me*
According to recent data, New York City has only made 30% progress toward herd immunity. See this link: www.worldometers.info - The implications of this are highly material. The rest of the USA is at far less progress to immunity (thankfully).
The USA is rapidly printing money as Trump is in denial about the pandemic. It is well known that Trump refuses to even...
Everyday you hear of recession and taking a quick look at gold stocks, they seem to be the safe haven and profit maker during financial uncertainty. Take a quick look at New Gold during the recession years of 2009-12. Gold stocks rose with the price of gold and this stock under $1 is an absolute must buy.
NGD is in line with its historic lows of 2008 and has only...
Gold will always be the safest investment epically with the world circumstance nowadays so I have published this trade to everyone to take this opportunity before you regret it our first target is $1800 and 2nd target is $1900 and our final target will be above $2000 as we are heading to a huge financial crisis we never saw in history which will attract investors...
GOLD and equities rose together for quite some time already, not showing particular divergence. What one would expect in such turbulent times is that GOLD outperforms equties more since money flow goes to safe havens instead into riskier assets like stocks. But at this moment such divergence is not as clear and doesn't indicate such thing. Now we have huge...
TDOC hourly showing a falling wedge within a larger symmetrical triangle.
Bullish Divergences on hourly RSI and Stoch RSI.
MACD bottoming with slight divergence as well.
Finally a good volume buy this morning, but more is needed.
How to play this:
1. Wait for breakout of the falling wedge (safest)
2.RSI trendlines tend to break out before price does. If it...
Despite the global economic uncertainty, SILVER movement have been rather quiet and consolidating, even though it is also a safe haven commodity just like GOLD . However, over the past week, we have seen a huge surge in the price of silver, which signals that silver is finally taking off. Hence, if manage to break out the current resistance at 17.5, we can see...
GOLD broke our symmetrical red triangle upward and traded higher, so we would be overall bullish here until an objective sell setup is activated since price is sitting around a supply zone in green.
waiting for an objective break below our blue trendline or red trendline to sell GOLD long-term.
meanwhile, GOLD is still overall bullish and can still test the...
Trading CAD short and taking this safe haven for today with 1% risk.
Entry: 0.68927
SL: 0.69354
I'm not a financial advisor, if you seek financial advise please find one within your area.
GOLD is currently approaching a strong rejection zone in blue 1800-1900 so we will be looking for objective sell setups on lower timeframes.
Keeping in mind that price can still dive in inside our zone before going downward.
On H4: price is currently trading inside our red symmetrical triangle.
scenario 1: waiting for price to break below our lower red...
