Gold on 4H printing a bearish div on MACD, RSI and Stoch RSI, we had a great run from sub 1130 all the way to 1190 this morning. So far I'm staying neutral for gold, I'm expecting a retrace for a better bull run on gold. UJ is still fighting in range now, and it's still choosing direction, i'll post the chart below (personal feeling: i really want UJ to die) I...
This morning, gold bug were having a party, miners been flying high for almost the entire week. While gold bulls are partying hard, let's pay attention on the resistant line. On my chart, yellow arrow shows the price it'll hit. But, it's a point where: BB top+resistance line+0.5 Fib all meet. Besides, earlier this year, 22.10ish is also the supporting price for...
Shouldn't be a hard trade for this one, I have 75% confidence on this short. For mid-term traders, Citigroup looks like a great short opportunity. It follows the Fib Extension very well by now. Various reasons for saying Short: 1. Weekly Chart shows the first Red candle after multiple weeks rally straight yolo swag up. 2. MACD topped, RSI oversold, Stoch RSI...
all words are written on my chart now, it may not formatted properly on your screen, just stretch it around so you can read it properly. I also put the 2015 rate hike as comparison trying to find some potential similarity on the coming rate hike. At this moment, I'm leaning toward to the bull side till the end of the year, and I'll step in when UJ shows...
I was watching the price action of GDX throughout the entire November. And on this chart i'm sharing with you guys, there are some yellow boxes/rectangular on the chart. What I found out is that, for the most of the time in November, during the last hour or 30 mins trading session during NYSE... they are all going UP...or somehow had a swing up.... ...shown on...
Short term short, low risk entry here. RSI divergence shows bear. BUT, due to the previous uptrend, this can form a potential Cup n Noodles pattern on 4H. Trade at your own risk, and I'll enter small amount to GASX at today's low
Next 2-3 trading days will decide where GDX is heading next. Gold approached the really STRONG resistance area, which is 1200ish. I'm looking for more confirmation on gold right now, may be a double bottom. GDX we can see a strong double cheeseburger RSI divergence on daily chart, same as Mcdonalds(aka MACD). If RSI is not approaching further down while the price...
LABU has been going crazy up for the last 3 trading days, gaps everyday. I'm considering short LABU or say long LABD soon. 3 reasons: 1. all the up/down needs to go like zig-zags, nothing like straight up like ka-boom rocket and never gets back 2. hidden RSI bearish divergence 3. MFI is approaching over-bought area Cheers~
The previous GDX idea i had is still 60% working except the election really boosted the gold price. But a huge pump n dump happened, and gold didn't break previous high. So far on 4H looks like gdx is gonna heading up for the next couple days, but it didn't break previous high as well. Trump got elected but Yellen is still in charge until January, rate hike in...
Sorry for the messy chart I have on GDX. Here's my short term opinion on GDX: we completed an AB=CD since the top of GDX(around Aug 11th--Oct 11th), and gold started to lose its steam and people expecting a rate hike on Dec. But after the drop, we are forming a huge bullish RSI divergence on 4H (see red lines). From the beginning of the next week I'm expecting...
Everything shows on chart, Inverted head n shoulders OR get rejected on the neckline? next week will be interesting. I'm not in trade right now, but I'd set a small short position anywhere above 1300 and below 1308, and put a SL at 1310. Reason why is 1306ish was a critical support for gold and now it got rejected couple times as resistance. Trade carefully,...
YRD is not a typical stock, more volatile than others with a small avg volume. on 4H, all my indicators shows its going up, i bought a small amount at 26.7, will hold n sell it at NYSE opens. *Trade with your own risk, thx in advance*
What a devastating week for bulls we had, huge dumping, fears, cheeseburgers, greed etc But cheers folks, on 1D chart, we are seeing a sexy curvy bottom on MACD and a perfect indication on RSI. Every bullish or bearish moves need to have some retrace to be solid, so far, on daily chart, we ends up showing a bit green on Fryday. So here's my opinion for next...
This is nothing really related to the chart analysis. Earlier this afternoon, Brainard had her dovish speech which stopped the bear gold for now. I was doing some scalping on JDST (bought in at $25 and sold at $25.5, around 11 am central time) By that time, gold was dropping from 1324-1322, theoretically, $JDST should've rise a bit. But no, both JDST and DUST...
Chart says it all, XAU couldn't make a new high or let's say break the previous high, it's been make lower high. Brainard's speech only stopped the bear temporally, if gold won't able to break the previous high(1352), then i'll short every top I can, Grandma has been delaying the rate hike forever, but Fed needs to keep its credibility, so this piece of cloud(rate...
Gold has been rallying up for the last 3 days since the last FOMC and GDP, so far we are still on a uptrend with a strong support line, but 1375 or maybe now 1366 seems to have a strong resistance on top, if we break above the top 1375, we may see 139x or more aggressively 1400+, if not, we may have a chance to see a huge double top, for that, if we penetrate...
Gold has been dropped for a week, and we are still on the down trend channel now. Do not easily go long until you see a bullish sign or conformation, if you shorted long time ago, you can go ahead and close some of your positions. 2 ways for gold in my opinion: for bulls or potential cup n handle formation: my tg is 1333-->1338-->1346, and we may get a bullish...
On a bigger picture, Gold is still on a uptrend bullish channel, but somehow we are forming a potential Head and Shoulder pattern, but on the potential right shoulder, we can see the price is trying to form a Inverted Head n shoulder, by doing that, we may see the Head n shoulder pattern may change to a King Crown formation. Still on my chart, I see we finished 5...