Marked on the chart you can see some key levels 1356.478 ( resistance ) 1297.420 ( resistance ) and 1182.906 ( support )
You can see that price has touched and bounced off these levels 10+ times each, why do you think this is? this is because the big banks and the big players in the game set orders at these levels ( big amounts of money ) this will make the...
Hello traders. Hope you enjoyed the profits from last week.
On Gold I see that bears are taking control, also Stocks are rising so Gold shouldn't be attractive for now.
I am expecting a correction to 1286 level, to look for short opportunities.
Bless week traders.
Further to my previous post, the completion of the smaller inverse H&S also completes the bigger one. To push to the next resistance level will require some noticeable changes in fundamentals.
This analysis is for educational purposes only.
A new shorting opportunity may be coming soon in Copper. My downside targets will be the break of the neckline, and then to the lower line. Next week should be critical in determining whether copper is ready to initiate a further down move.
We are losing momentum here in Gold. There is a tradable short opportunity soon.
I would hope for one more run higher before shorting, but we may not even get it. The trade also may not be as clean as one would like - I expect some choppiness at these levels.
My first target short would be the 1170 area, followed by a break of 1000 later in the year.
This is an investment for me but i still like to look at the charts and hence why im looking at the weekly
Price looks like it is coiling up and has retraced approximately 50% from the highs. I think there is a high probability we we will see the all time highs broken this year with 8-8.5p being reached as a minimum
Good news flow due on there current assets and...
Gold, along with other safe-haven assets, failed to receive a boost from a parliamentary vote in the UK where Theresa May suffered the worst defeatof a government in the history of the House of Commons. Now, investors bet on a ‘softer’ Brexit, which in turn supports high-yielding assets, while the Japanese yen and gold turned lower on Tuesday.
As seen on chart I'm very bullish in the momentum rise to come here till late Feb when drill happens.
88E always been a great trading company ahead of drills in the past & will be repeating very soon once permit lands next week or so.
T-line crossing 20ma = bullish
Bounced off big support as previous resistance level.
Chart looks primed & not much downside for a...
Double Top at 1296.76, Sell Limit Could Be On The Cards At 1300, As Believe It Will Spike Above It And Come Back To Reach That Support Of 1265. Depending on the state of the economies, Gold could fly up as a Italy, UK & US are very unstable. Predicting a pullback and US dollar to gain a bit of strength especially against the Canadian dollar. A Buy Stop Order of...
Possibly one of my favourite stories on the market at moment.
My biggest holding in a FTSE stock since I started investing/trading.
Newsflow to come on Colter & new assets.
T-line about to cross the 20ma & waiting as well on RSI break-out
my entry was 4.2p & 4.5p, it is a stock which has a 10x potential if you are prepared to wait.
Patience will be rewarded...
GBPUSD has come into our sell zone between 1.28500-1.2900 also hitting our fib extension and rejecting thus far. shorts now in play! Brexit vote coming into play tomorrow could be a huge catalyst for this pair to go down south as i believe GBP is way too overpriced given the turmoil it is in with the whole brexit mess.