1 hour chart time frame for gold. Any upside should be likely limited to the 1250 - 1260 handle. Anticipating a hidden bearish divergence near this minor resistance which will see gold fall back to 1228. If there is a bullish divergence here with the Stochs making a higher low, it would be the right signal to go long, targeting 1270.
H8/H12 time frame shows a hidden bearish divergence as price hits the 135 - 136 level where resistance is being established. A near term pullback to 130 is very much a possibility. Book partial profits at 132 followed by 130. Invalidated on a 'close' above 136.15
Please see annotated chart for details.
Pair is reaching an area that should cause a reaction. Over all trend could be up long term, but I do expect the pair to correct lower very soon.
Kiwi likely to come under pressure on RBNZ rate cut, which is already priced in but the current risk off sentiment could weigh on the New Zealand dollar (N61!) in the near term. Watch the head and shoulders pattern, which will be triggered on the break of the rising neckline support. Downside targets: $0.7030 and $0.7000
Sell Peso below 0.5370 - 0.5365, targeting 0.5200. Does this tell us something about the election outcome? Not sure, but the timing of the break of the support at 0.5370 - 0.5365 could be crucial.
Hidden Divergence with RSI + Stohastics , high volumes on the push up , expecting breakout .
looking for a bearish stochastic crossover at the upper limit of the trading channel which has been well respected by price so far. The upward trend has had strong support so I'll trade this with a tight stop in case there is a continuation, will move to B/E quickly and will exit at the bottom of the channel or when there is a bullish stochastic crossover...
With the weekly Stoch RSI in oversold territory, this is my favored SPX wave count. It would be invalidated should the SPX register a new all time high. In a nutshell, 2 to 4 up weeks (or green bars if you prefer), and after that a test of the 8 years trend line. This does not preclude a down opening next week, but we should finish the week with a gain.
price way below 50 ema. Price has been rejected from 6928 level a couple times with bullish jumps. Smaller time frames showing bullish momentum. Time to start buying to the weekly high. Stoch oversold.
Weekly lows have been touched and resisted. The only way is up for now to 1.70000 at least. My trend line is touching the 50ema stochastic is telling me oversold so price should consolidate itself.
Price is touching both EMA's you can wait for a pullback for an entry at 0.889 level. stochastic and RSI is showing bullish momentum.. Adjust TP and SL to your own RR (Risk/Reward) in the past price has shown bullishness on the 6th where the red X is.
Please see annotated chart for details.
This gartley had a nice reaction and the play still has some juice to take. Targets marked on the chart.
I believe this is the retrace of a longer term downtrend. Once over I will reload shorts. Targets on the 0,382 and 0,618 of the CD leg. Good luck and thanks for your comments and likes.
Gold broke down from its multi-month descending triangle. The sell off did not stop at $1,262 but reached the pattern target at $1,240. This brings the "new bull market into serious trouble"... In the bullish scenario gold is just witnessing a healthy pullback and will hold above $1,220 - $1,240. It needs to move back above $1,300 and especially $1,325 in a...
After peaking to all an all time high it's either pull back or reversal time. Please see annotated chart.