GenMTrader

GenMTrader Updated 

Firstly, based on the charts we can see that the S&P500 is likely due for a correction based on the 77 to 80 day time period. Secondly, the indicators Stochastics (14, 3, 3) and RSI (14 Close) indicate that we are reaching an overbought position based on the daily time frame as well as on the monthly chart. Thirdly, following the upward trend pattern of support...

GenMTrader

' The trend is your friend. '

GenMTrader Updated 

Gold is currently re-testing previous support as resistance in a rising wedge fashion. We shall see if Gold can break above the wedge. If it does we are long on Gold til $1955! Catalysts: Trump & Covid Presidential Debates & Elections Fiscal Stimulus for the U.S Upcoming Economic Data

GenMTrader Updated 

Broke out of daily rising channel. Looking for a pullback before it falls further.

GenMTrader Updated 

Gold has been respecting the downward trendline as shown making lower highs overtime. Gold is likely to fall to the demand zone of $1919/troy oz before going to all time highs as we get closer to the U.S presidential elections. Do follow me for more trading ideas (:

GenMTrader Updated 

Symmetrical Triangle pattern to $1978 before going back to all time highs. Inevitable squeeze out of the triangle for gold to move to a higher high.

GenMTrader Updated 

Respecting the .5 Fib Level on Retracement 20,50,100,200 EMA Supported. Within the rising trend channel. LONG.

GenMTrader

Within the rising channel. Long til $970ish