PRICE RETRACED UP TO 50% FIB TO GRAB LIQUIDITY WHILE TRAPPING BUYERS AND PUSHING OUT SELLERS. IT IS NOW READY TO DROP DOWN TO 1620 BEFORE DECIDING ITS NEXT MOVE. FOLLOW MY INSTA BA_INVESTMENTS FOR MORE FREE ANALYSIS, SIGNALS AND ACCOUNT MANAGEMENT.
Project going forward.
Ncondezi will receive between $40m-$60m for back costs & development depending on final tariff agreement
JDA signed with GE & CMEC
Higher low set & should head north from here on swing up.
Fundamentals intact & once tariff agreed and numbers are shown this will do most likely 300-400% in a day!
I bought a few times so have average about...
On the 23rd Feb, Gold had a strong surge of 2.3% and gaped up, This shows that the price before the gap is a strong demand zone. Its now pulled back and closed the gap, after traders taking profits. the idea is that there are more orders to be filled at the 1647 level and could potentially push prices higher.
stop loss @1630
take profits 1686
Crude oil may experience a temporary pullback, IF there is any rejection at the current price level or the appearance a strong bullish candle. If this happened by Thursday, then there is likelihood of oil reversal. In the absence of either of this, then, downtrend is the easy path...
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk...
Loadsah people are occupied with Gold and Bitcoin etc. That's fine - cuz people go where crowds go. I'm not 'people'. I go where there is a better chance of gain for lesser risk.
I explain why I see Silver as the big one on the horizon.
Disclaimers: As usual no guarantees. If you cannot stand losing money don't do trading. If you lose your money sue yourself.
. There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NATURAL GAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
WTICOUSD update. The exchange rate can build a 2: 1 fractal copy. In case this process continues, we are done to finish copying the last fractal. So I'm looking forward to turning north from the 48,122 usd level.
Prices appear in top shape,
Prices are likely to fall further this week.
Investors are advised to long near support levels.
As the chart show.
Feel free to contact me if you have any questions!
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------------------------------- 2020.2.25 uk
I feel like I am watching a bowman pulling back the cord of his bow to fire his arrow forward, feels the same with gold the bigger the pullback the bigger the move forward, thats where we are now and the bow has been pulled back, more inclusive analysis from the prvious chart see link below
Free Telegram Gold signal channel: t.me
WTICOUSD I hold the long position. The exchange apparently tested the bottom of the W1ATR correction range. It is also visible (thick red rectangle) that you have created a "spike" symmetrically over this range. Therefore, my analysis of the ascent is still valid. The target price did not change either.