Key level indication to hold next days. If it holds gold goes back up if it doesn't trend has changed
So some facts: - Bondmoney is selling of (long live trumpinflation) => money goes into equity - Bondmoney sees gold, looks at the dxy and says: well this aint bullish lets skip this. - Basic materials: now this should climb considering trumpinflation how about this? => dammit dxy is giving a head wind - Equity: what about the indices? Yeah all onboard the dji...
Renko supports the fact that gold is stil in an uptrend: keylevel to close the week is at 1240. To have a real confirmation for the next wave we need to see a breakout wich surpasses 1245 wich is very plausible given recent price action. Advise: Hold longs for conservative swings, add up on intraday lows for speculative positions.
Copper target as we head into the 2nd quarter, picking up demand and less supply. Optional miners: - ivanhoe mines - Southern copper - western copper
Jnug: last days analysis. Bullish till other signal. stoploss area: 10.50 New positions: Dont at current level Old positions: Hold
Short on eur usd small position based on trends.
I am long since yesterday, daily confirms the buy signal on dbk (financials) scalp it up.
Oil scalp tp: Long till 53.03. Most likely the scalp could evolve into a swing soon. But at this point its safe to buy up to at least the 1d ma cross of 8-6ma. If that breaks we'll put our target higher.
Hi fellow pm bugs. In this chart i'll be covering gold's little sister silver. The following chart is a long term silver chart, i'll provide a zoomed in version in the comments. What we see here is a long term key zone around 18-19 usd. This zone has been a pivot zone on long term several times in the past. To make it more intresting we are at a point that seems...