Reading is must:
Interesting, there is a bearish divergence according to the daily chart. seems gold will go down? Answer is up to you but let me show you something.
Look at the letters of A, B, C & D with color boxes. if you closely see the candles in each box shows you a shooting star candle with a bearish candle which is direct you to a certain period or...
after a very strong bullish impulse from 0.67 level,
buyers finally started closing their position and we see that the momentum is slowing down.
price is currently coiling within a rising parallel channel with clear RSI divergence.
I will be waiting for a bearish breakout of a channel to short the pair.
Stop will be above...
Welcome back to another chart, Today’s chart will be on the MJ sector – CRON
Points to consider,
- Price is trending bullish up retest of trend line
- Local resistance a .618 Fibonacci Line
- RSI coming into apex
- Stochs testing resistance
- EMA’s giving price resistance at current given time
- Volume is well below average
- VPVR, showing...
Looks like the price is forming a falling channel. 1st safe purchase is gonna be from the middle of the channel and then from the lower border of the channel. Zones of interest and targets are on the chart. Good luck everyone!
Gold remained in consolidation while yet again posting negative returns in another $40 week as geopolitical tensions eased but only to make a startling comeback in the weekend which should ensure sustained bullishness. Another reason for gold to remain directionless is the upcoming Fed decision over interest rate on 18th which will play the catalyst for further...
Colleagues, at this point in time, the price entered the entry point, and I see a picture of a strong movement from the resistance level down and strengthen the price below the uptrend line. In this situation, I recommend looking for entry into short positions to profit-taking levels.
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As per the chart it was nicely retest the trend line (which is in red line 1) and there is higher probability to go higher to the green area (as per the chart). If its go down there will be strong support line in 53 which is in green line and bounce back from 53 to on wards.
You can fix any TP as in green area SL as in Blue line or as per your requirement....
Technical Analysis and Outlook
S&P 500 lying less than 1% away from its very all-time high of $3028, and heading for completion of Inner Index Rally $3040 - Bulls have a solid overall short to near-term technical advantage and have a grip on an uptrend.
The relatively weak Key Res $3026 is a moderate barrier to progression, while pullback to Mean Sup marked at...