sugardaddyFED

sugardaddyFED

Palladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787. 1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points). 2nd Buy should price pullback between 765 -...

sugardaddyFED

Aware that we just published a possible Bull Flag formation in Gold but Platinum has not offered much the same. HOWEVER, price will dictate and at the moment we are leaning to a lower Platinum prices. The 50 EMA at 1158.60 served as a good entry point to re Short Platinum with a stop loss at previous high 1185.3 (risk 26.7 points) with 1st target at 1122.60...

sugardaddyFED

There are 2 Trade plans but both need confirmation of the breakout and a retest of the breakout area (i.e. resistance should and must become support to validate the breakout) 1st Game Plan - Long Silver at 16.71 stop at 16.03 (risk 68 points) Target 17.71 (100 points). Stop is rather wide but look to raise should breakout validate by testing the previous...

sugardaddyFED

Is this a bull flag? 1st scenario:The low of 1142 is the flag pole which we will use as our next measure move should it materialise. Measured move currently is 1224 - 1142 = 82 points. 2nd scenario: After it hit 1224, price retraced 50% and bounced off support at 1183 3rd scenario: The flag is tilting at an approx angle of 45 Having completed all the above...

sugardaddyFED

Platinum did hit a low at 1086 but a corrective move was is now confirmed as a bear trap. Price did recover but failed to break above 50% retracement at 1185 and so the longer trend continues. Only a break higher above 1185 or out of the long tern down trend line will be sufficient for the bulls to retake control. Short in this sellers market.

sugardaddyFED

Palladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787

sugardaddyFED

Is Gold gearing up for a short here? a H & S formation and break of 1186 looks sufficient to test 1155 area (30 points in a day is doable) stop would be 1196. Giving us a RR 1;3

sugardaddyFED

Patiently waiting for either break of the trendline or waiting to retest a high at 800 area before looking to short it. 1) short if break out below the short trendline - targeting new low 2) wait for a test higher to short

sugardaddyFED

Is Gold gearing up for a short here? a H & S formation and break of 1186 looks sufficient to test 1155 area (30 points in a day is doable) stop would be 1196. Giving us a RR 1;3

sugardaddyFED

Short at 1158.8 stop 1168.8 (risk 10) with profit area of 1138.8 (20 points reward)

sugardaddyFED

Platinum could meet strong resistance here - will d price action respect the downtrend line or a bottom is in and prices are ready to rebound higher? watching the 1185 handle and if that breaks then Platinum could go higher as it will trigger an Inverse Head and Shoulder formation. Buy on pullback 1156 or breakout at 1186 target 1226 and 1256 respectively stop...

sugardaddyFED

Possible Double top on the hourly chart on Silver, and if it broke below the current trend then be ready to short the rebound with a stop at today's high 16.53 area to target 15.95

sugardaddyFED

Here is why I am Bullish Silver in the short term: - still within this 1 hr trend support with higher low - hit resistance at previous high of 16.491 thus pullback - ideal target on this long is 16.63 which is ideal for another resistance - stop at 16.26 (risk 12 points) to make 25 points +/-

sugardaddyFED

Gold making this out only if US dollar index resume higher - Fed speakers set to make new direction here.Any thoughts?

sugardaddyFED

Platinum could meet strong resistance here - will the d price action respect the downtrend line or a bottom is in and prices are ready to rebound higher? watching the 1185 handle and if that breaks then Platinum could go higher. Only a break below 1146 will allow bears to roam lower.

sugardaddyFED

Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.

sugardaddyFED

Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.

sugardaddyFED

SIlver to rebound here and failure then we see lower prices to retest 16.08. Enter at 16.26 target 16.46 (reward 20) risk 16.16 (10 points)