technical analysis vs Politics gold always goes up it just need catalyst to get trend. After intraday bearish move on dollar strength gold has made this rising wedge pattern with reversal candle right at the top of the wedge. the current intrady trend is part of primary trind of on daily chart with hight of first wave at 1765. the current move is part of 4th...
bit coin is highly bullish after jp Morgan and PayPal comments but these are fundamental factors drive the price of it. Elliott wave analysis price is trading in its 3rd wave of extend third of five wave sequence.
after parallel channel breakout bulls found resistance at white declining trend line.
price has retested parallel two time on both side.
Gold made all time high in 2011 after 2007 financial crisis. How just one trend line predicted current bull mark with two buying opportunities. Trend lines are the most popular technical analysis strategy among trader and investor. Since investor invest for long term, weekly chart is their favorite where all investor's consensus see clear about price
silver has made bullish flag with abc correction . wave C being extended five wave read to test low of the parallel channel.. At the low of the channel being multiple fib projection with wave and 5th wave being finishing there would be perfect place to buy for next bull rally. resistance for invalidation 25.84669
index is trading inside channel. breakout of this trend line will generate election sell off. Market could return from here. It is right time to buy with ultra low stop loss.