Gold need to trade during mkt hour at circa 1175in order to rebound from the lower part of the traingle. Once China and US settle the currency war and allow the DXY to fall gold will move hugely to the uptrend but for that we should wait till Feb 2020. WE can find opportunities to gain money but first check the resistances that gold has. Once we cleared the CW3...
Technically we should be at the last stages of this currency war which we entered since 2010 when Us activated QE program. In order to put on track the world economy US, Europe and China will have to settle the following terms, which for sure, Trump's admisnitration is seeking: US will debase its currency by circa 20% while Europe and China will revalue their...
Brazil looks like it will keep on dropping until the pools for the presidential election of October 18 gets a rational candidate. TGT could be circa 23.8.
GEN looks like it will surge to 2.18 if it finished it above the fibonacci bar messured in a weekly base! tgt: 2.18 before October for sure. trade safe
Looks like oil will test 63.81 at weekly level. Then we will have to sit and wait yet it should turn-around later. China needs to wave the white flag and negotiate with US the yuan revaluation and the DXY devaluation.
Oversold and crawled in this area for long time, ready to move foward
Long play intil they published their finacial statements. At least TP 9.
DXY should start moving downwards and retest the 81 something regio and gold should close the triangle and move upwards to more than 1560
Looks like we are actually near the bottom, which looks promissing and I could consider opening a long position here!
Let's see if it either holds here or its falls to the next retracement (near 11.47). Only Argentina's and Brazil's political situation will tell, in the mean time I'm long long position of BFR at 14.36 since 01/06/18. Friday's flag 10 minute before closing looks like the bottom (up to now).
The appex is 85 yet we have to wait and see if it holds on
Expect FAS to fall further (hold a range between 60/62.5) until a week before the FOMC meeting and then break out the triangle ro bull
Possible double bottom near 11.25 are for DB on continuing bad news and short term bear market. Just like GE did.
A period until must pass until in breaks the ascending traingle. Hope the dmands breaks the saturation top.