Carrizo

Carrizo Updated 

The bottom trend line is a copy of the top trend line, making up a parallel channel. It is not a coincidence that it turned around there. Also, 2 trend lines on the lower time frames have been broken.

Carrizo

US data will decide direction of gold. Until then, gold will continue trading within the trend lines most likely.

Carrizo Updated 

Gold will probably continue in the direction towards 1848. Let's see if we get a break out or not. News about Consumer confidence today might cause some volatility and bigger moves. A drop to 1828 should not come as a surprise.

Carrizo Updated 

Expecting gold to go lower after the false break out.

Carrizo Updated 

I believe gold may drop big if and when breaking these two trend lines. Furthermore: DXY has reversed at bottom trend line and will now start a new long bullish trend. US retail sales data was bad. Still DXY did not go down nor gold up. Gold has failed to reach the top of 1834 for days. It tried breaking 1828 like 7 times but failed. Managed to reach 1829...

Carrizo

A possible scenario is that gold hits trend line and goes down forming a head and shoulders pattern. Target is set at around 1792, fibonacci 0.786.

Carrizo

Gold short entries or long targets: - Fib at 0.618 1811.33 - Earlier top at 1814.0 - Fib at 0.786 1819.62 - Earlier top at 1820.25

Carrizo

H&S on gold - I'm shorting here. Let's see how it goes.

Carrizo

TVC:GOLD Possible Gold reversal at fibonacci 0.786 - 1813.4

Carrizo Updated 

TVC:SILVER Silver reaching trend line. Possible good shorting opportunity.

Carrizo Updated 

TVC:SILVER

Carrizo

Corona is regarded as an overall bad thing for economies world wide while at the same time not being reflected in the stock markets. How come both companies and people have taken economic damage due to Corona, while still not being reflected in the stock markets? It simply does not add up and a correction will be made sooner or later. The stock market is...