Downward movement is just started on daily basis. 14.775 will act as support if this point will break then sellers will get in the market in no time. Also COT report must be tracked this weekend.
Short is much more possible on this commodity according to channel and bears on the market. On downtrend we have 2 more support areas. But always market decides the way we just follow it :)
I am watching Copper to consolidate and move up trend as the Soft Monetary Policy all over the world. But we have to note it would take some time also
The low of 1936 is well supported and the volume comes higher than previously traded. In medium term, the this level will be best buy level. But soft monetary policy and low rates are pushed a lot of money to the market and the demand will be higher. So 2200 level is nearest support level now.
Chart describes better than words. :) Short's possibility is much more than longs but have to watch prices carefully.
GOLD XAUUSD - Final target still 1190 to 80 Area - SHORT - take a look on the Chart. It's a X7 Wave-Pattern. There is only a X5 or X7 - in this case, the market developed a X7 one. Not, as initially expected: X5. Finally, is a sharp correction highly probable. If You have any questions, please leave a message.
Chart shows everything but I'm on the short side of this commodity. Waiting a confirmation before entering a new position. But we could see a possible consolidation between 520 - 480
Possible short trade idea with a stop @ 15.12+spread
Hello, Gold analysis for today : 1. Confluence Daily Resistance @ 1085.56 with Fibonacci Level 50% 2. Daily Price already breakout Daily Resistance 1085.56 Entry position : 61.8% @ 1079.00 ( Pending Order) Stop Loss : 1073.00 Take Profit : 1104.00
Just as simple as it looks... FX:GBPJPY Broke out the wedge, Waiting for correction to confluence area, fib 50%/61.8, prior swing low and trend-line resistance and pull back to 20EMA.
Seems like NGAS bounced hard forming a bullish channel with a "stairs" pattern. It's currently on the channel resistance so it sould go down by now. We can also see a gap that should be filled at 2.260. I recommend to sell on breakout or just buy the deep with a target to 2.260 gap. Regards and happy trading!
Price breakout channel and looking for next resistance. Pending Order : 1069.00 Stop Loss : 1065.95 Take Profit : 1077.60
Waiting 884 to break to enter long on platinum for long term
Price still in price channel even it open higher today, possibility it will test weekly support 35.14 or daily support 34.43.