The chart i am posting here is very basic analysis - as you can see, there is no major complicated technical analysis going on here (that is for sure). However, i thought i would share what i see (based on the daily time frame).
I am looking forward to seeing if support here holds (or not).
Best wishes and stay safe.
I was just taking a quick (and simple) review on gold based on the longer time frames.
I note the following support levels (effectively where price is at the moment) on the daily chart time frame:
- 23.6 fib retracement
- 89 EMA
- August 2020 low
Perhaps if there a break of these levels in the next week or so, then this may trigger further downside....
Updated Nasdaq chart up (based on the way i see price action). 21EMA approaching (green line). Purple line is 89EMA.
I realise this chart is very much simplified. :)
Best of luck,
19 September 2020
For those interested, i display the way i see the daily chart on the DAX. Approaching 21 EMA (green line). Note possible wedge formation (if correct) and possible RSI divergence.
Best of luck to all,
19 September 2020
Attached is a chart of daily observations and comments on the DOW for the week ended 19 June 2020 (as part of my weekly review routine).
I am an intra-day trader (mainly on stock indicies). The attached chart demonstrates some of things i consider and review for intra-day trades. I realise and note the attached chart looks messy to some and perhaps to...
Thanks for reading my post (in advance).
For the very very few that may interested, this is my take on gold currently.
You will see my gold chart posted below (daily chart).
Some key observations i note:
- Price appears to be going higher (i know what you are thinking,... it is pretty obvious)
- 61.8 fib price level approaching (approx 1,514). I...
What an amazing run in 2019! I would describe it as " insane " with the US stock indicies. Now that we are at these incredible highs, where to next? This is beyond the beyond.
Technically, I can see a 161.8 fib level @ approx 26,760 ish. Personally, despite my love for shorting, i don't have (yet) a clear indication of a pullback. It is possible however...
Greetings to you,
Thanks for taking the time to read my thoughts and views. I don't post often, but when i do, my timing is random.
As part of my normal weekend review and analysis, i thought i would share an idea regarding the DAX (for what it is worth).
i think we may have some possible indications of future downside with the DAX. To me, the DAX was very...
How are you doing?
For those that watch gold, in the way i run through my analysis, we are an interesting position (as at the 13th of September 2019).
Clearly where we are now, we have some genuine support. There are a few " concrete floors " to break at present. if these floors are broken, then possibly (and maybe), 1,444 could be a potential...
So, the FED decide to lower interest rates for the first time in what... 10 years? Good stuff (or is it?). Seems silly fundamentally i know. Oh well, enough of that sort of talk.
Currently, 1 August 2019 (8.30am +GMT8), the price is 2,970. We have same support around 2,957/29,70. If we break through here, there is some serious downside ahead.
How are you going?
Based on my daily chart, i am thinking (and perhaps even wondering) whether we are likely to see some downside action in the US30 (for the week commencing 29th of July 2019).
Momentum appears to be waning. If we break the EMA 10, EMA 20 and last weeks low (commencing 22nd July 2019), i would not be surprised for some further...
Well, what can you say here.. the EURUSD is a 'sh*%ty" and choppy sideways action of recent times (particularly when reviewing the 200 day MA).
Look at how it is hugging the 200 day moving average right now on my chart.
Really, based on this time frame review, there is nothing in my mind that can suggest a big move either way.
We shall see how things go this...
The way i see things (purely my opinion only), technically it makes sense to me why there has been a rejection late last week of the recent rise up.
You may be asking - what is in the way for resistance levels? Well,
- September low (red horizontal line)
- November high (red horizontal line)
- 50% Fib from recent low/high in the way
We all have different ways of analysis and reviews - and i know there is no one right method. Here is my first share and post.
This is my take on the week ahead for the SPX500 (week commencing 12 February 2019).
Interesting resistance levels to watch - as shown on my WEEKLY chart.
55 day MA in sight
61.8 fib from recent low high
Notes as part of my normal...