Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Two paths depend on the fed's monetary on June's FOMC meeting. My bet is 3 times rate raising, and gold receives about 18% increase this year.
Gold is running at the BEGINING stage of a long-term bullish trend (5+ years). The first half year of 2017 for gold will be shown as five-wave up in this circle. As of today, gold is running in between the 2-3 wave in the mid-term circle (about 6 months). And in the meantime the D-E wave, the last wave up, in the short term sub-wave circle (about 2 months). For...
As I mentioned in the chart, XAUUSD is doing an Elliott Triangle Wave in a closing wedge, it is likely to break from top and (E) point might be a good long entry.
USWTI most likely to close a red daily on 10/20 today, while it is more like a pull back to the previous wedge bound (upper bound near 40.6). Since the break out the wedge on 10/18, the previous short position has triggered the SL. It is a good chance to long right now at the moment with a 50 pips SL. It is likely to hit a yearly new high around 53.
WTI breaks the previous wedge on 10/17 morning; Daily the level, it is a pretty good chance to short when pullback a little near the lower bound of the wedge again (around 49.9). Two target, consider to play bear conservatively, have been set for this trade: 49.06 and 47.74. On the top of that, it is very likely to see the "retrace 0.618 point" later this week...
SL=44.12 TG=36.24 RR: 4:1
TG: 43.01 (After 7.20 EIA Report) SL: 45.64 (After 7.20 EIA Report)
Bearish trend set up for this week's report; TG=42.98 SL=48.23