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.
Diamond bottom at fibonacci extension 1.618, need to monitor price action at this price zone
Coffee still in Bearish trend in weekly and monthly basis. So its time to take this action to make some profit. I'm watching coffee index and its almost 100% correlated with other coffee futures.
Macd rolls over as price approaches mid range support. A drop below this opens up the price to stronger support. A drop below this and we are looking at a mid .60 handle. MACD is one of the most reliable indicators that is extra strong when used in the context of other indicators.
Sell Limit : 40.50 Daily Take Profit : 38.00
Cotton - CT2! - Long Position Trading NuForex
Just a weekly chart idea on Palladium. Don't know if this will work or not. Time will show .
1. EMA 200 - TREND BAWAH 2. EMA 50 - TREND BAWAH DAN BERSILANG DENGAN S&R 1070.00 AND GARISAN TREND 3. EMA 10 - TREND ATAS Overnight Markets: US stocks rise despite mixed economic data
The 10-year yield is sensitive to falling inflation. The 10 Year yield curve (2.22%) normally starts to rise at the start of a Fed tightening cycle as bond yields start to rise. Historically, the Fed has started raising rates to combat rising inflation. That isn't the case right now with the CRB Commodity Index trading at the lowest level in 14 years (ETF DB CRB...
Basically due to fundamentals like cheap oil, iron ore, coal and metals like copper. Main consumer worldwide and in this region is China. China's economy is slowing down after years of +7% growth. www.tradingeconomics.com www.tradingeconomics.com One of China's big supplier is Australia. atlas.media.mit.edu Australia's currency devalues with cheap commodities .
GG and stocks like GOLD, RGLD all could make for good investments soon. We were one of the few to state that Gold would continue to trend lower while others were predicting higher prices. The article we posted in August clearly illustrates this point tacticalinvestor.com
First Thing that I always do is to find the map and see where is the price and where it wants to go. I have seen a bearish Elliott Wave with possibility of correction wave to a little above wave 4 which I named it as Point E right on R5 Trend. (Based on Elliot Wave Principle). And Also I see a Double Bottom Pattern that gives more significant to reach point E....