I'm long in GOLD to 1770+ area. Oversold and supported by long time trend support since the previous bottom at 1160.
Hi Folks: Just wanted to bring up an old forecast that worked very well. Look at the related idea below Cheers
Hi Folks: Friday's session broke my plans and with the White House comments made a foolish rally in the lasts hours of trading. Is it Russia really going to invade Ukraine? Honestly I have no idea, I do not have the intel they have but it would be seen as an unprecedented attack and I hardly doubt it. Russian economy will be isolated and sanctioned and their...
Hi Folks: I do not trade volaetility and with last Friday's comments of the White House in regards of the Russia-Ukraine tensions/war it became very difficult to foresee the next stops of the USOIL . Here you have some important resistances ahead for your consideration. My strategy at this point is to stay off any position till the dust settles and then back to...
Hi Folks: I do not trade volaetility and with last Friday's comments of the White House in regards of the Russia-Ukraine tensions/war it became very difficult to foresee the next stops of the UKOIL. Here you have some important resistances ahead for your consideration. My strategy at this point is to stay off any position till the dust settles and then back to...
Hi Folks: Here's my view on GOLD. We are approaching an important key level at 1832-1834. Interest rate hikes are coming very soon and gold prices is, perhaps, giving us the last chance to short from nearly the top. Do not overtrade and adjust always your positions based on your margin. STAY SAFE....
Hi Folks: Here's my view on GOLD for long term traders. The wedge is narrowing and at some point price will break out either way. Based on fundamentals and current macroeconomics I would say it will break down as pandemics are entering into a possible final stage and we are going to be back to our "previous" lives, the good old days. T1 1700 followed by T2 at...
Hi Folks: Officially we have hit the reversal area. Oil is heavily influenced now by different fundamentals as inflation, tensions UKR-RUS, rate hikes, USD strength, shortages in TX and Lybia, etc... So price has been driven by this persistent factors yet in play so be very careful with your trades. I shorted too early and decided to close at a loss to reopen...
Hi Folks: With today's comments from ECB, previous possible HS pattern was invalidated. Now we have a new possible ascending channel to monitor. Target will be 1.0985 area. Take your positions always at the edges of the channels to have more profitable trades. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this...
Hi Folks: This long idea remains valid. Target getting closer. BoE has hiked interest rates boosting GBP to the target. STAY SAFE. Cheers. ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.
Hi Folks: Here's an updated view on this pair for your consideration. See the related idea for further info and fundamentals. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue charting for you.
HI Folks: Here's an update on USOIL WTI for your consideration. We are just pips away of hitting an important resistance that should send prices hardly down in spite of the tensions in Russia and Ukraine. Those prices are killing demand. Soon the people will feel these prices in their pocket and inflation will be terribly high. Total nonsense in my humble...
Hi Folks: This pair is just in accumulation phase now. Possible HS pattern in play with bearish outcome. I was expecting a strong bounce at 1.03 and it happened but it quickly reversed. This weekly candle's so far having a rejection from the top so bears remain in control yet. Remember that CHF is considered a safe haven (Russia - Ukraine tensions). STAY SAFE....
Hi Folks: The downtrend will resume in my humble opinion till reaching the target at 1.08-1.09. Many reasons behind that thinking but mainly the good results in the US economy and the interest hikes coming next month, making a stronger dollar. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to...
Hi Folks: Here's my view on this pair. Previous call was quite accurate and now we have a possible inverted HS pattern in play so if we break the current descending channel we could see a price movement in the opposite direction of what many may think and against fundamentals with a stronger US economy vs British one. But let's not forget that BoE has already...
Hi Folks: Here's my self explanatory view on this pair. So far we are trading below main EMA's and therefore we are still in bear's hands but we are approaching to an important support level. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to...
Hi Folks: Spotted a HS pattern with bearish outcome BUT there is an ascending channel fully respected so it is up to you what to do next. I am going to hold shorts mainly because of the interest rate hike in USA that gonna make dollar stronger and because the worst in the pandemics seems over already and GOLD seems a bit price with current fundamentals. The...
Hi Folks: Here's a spotted HS pattern that could bring short selling momentum after hitting the previous target. Let's see what happens at the bottom of ascending channel to decide. STAY SAFE. Cheers ------------------------------------------------- Remember, if you liked this idea don't forget to click LIKE and FOLLOW . That will encourage me to continue...