I've been into gold lately and while analysing the gold charts I notices there are 3 indicators pointing directly at the 1800-1900 level as a reversal point.
When looking at the D charts you can see a possible cup is forming, the top of the right hand side, would coincide with the 1800-1900 level (2011-2013 range) with a possible pullback to...
Everybody's looking at the S&P500 curve in anxiety these days. Will it go look for a V shaped recovery or will it go for an alltime low? When looking at all the technical analysis which is being done everybody seems to be in favour of the latter. Personally I also think this'll be the case, but the markets have not been going in a logical direction...
the MA15 and 50 were already strating to go closer together the last 2 weeks and after the red day on the BEL20 index last Friday they finally crossed.
Last time this happened a correction came, so I expect the same to happen now.
Looking at the fibo levels we might go to the 85-86€ level
this is my first idea. Don't know if it can be of any use to anyone... In case it is, then thanks for liking it ;-)
According to my (maybe amateuristic) analysis I noticed that ABI is playing an inception move on us. It actually formed a nice cup and handle, in the handle of a major cup and handle.
Further more the MA's show that there might be a slight...