Short Gold @ 1,350; TP @ 1,323; SL your choice
Dollar index is testing its lower support channel and could have a strong bounce, which in turn would send precious metals tumbling. Gold miners are looking bearish on the daily chart and I expect a move lower this week. See more videos at www.TheTechnicalTraders.com
First off, I would click the megaphone and hit make it yours so your chart will match mine. I've put quite a bit of time studying various methods and indicators. These are what I trade with day in and day out. If you just used the indicators at the bottom, you would be a successful trader with proper risk management. In ranging markets when the Shaff trend line...
#Gold bears get ready... Good luck safe trading.
DXY - Last week's selling has pushed DXY's price to a monthly support zone that includes: - Monthly Structure - Weekly Uptrend Line - PRZ of a bullish pattern - Bullish Crab Trump's speech, FOMC and Jobs data in focus this week. Read more about Dollar Index, EURUSD, USDJPY and other trading scenarios in this week's newsletter (#WeeklyMarketsAnalysis on Twitter...
(A) 1a Eleição de Dilma Rousseff (B) Início do rally do DYX US Dollar Index (C) Reeleição de Dilma Rousseff (D) Eduardo Cunha, presidente da Câmara de Deputados, aceita pedido de impeachement da Presid. Dilma Rousseff (E) Câmara de Deputados instaura processo de impeachment de Dilma Rousseff, com mais de 2/3 dos votos (F) Enfraquecimento do rally do DYX (G)...
Friends, Here is an updated chart for this new month, as we continue to witness bearish indications on the US Dollar. As per Geo's own Off-Set Rule (i.e.: a precision refinement I developed off of the Wolfe Wave), price has rallied from the ectopic Point-5 position, namely: Point-5-prime, or 5' and rose. The Off-Set Rule states that: 1 - If price...
Dollar index has been breaking multi year highs for the last number of months. Unusual and large gap up created this week gives the reason to believe that the mid term high could be in place. As the are no real fundamental strength behind Us dollar, foamy uptrend can quickly collapse. Weekly bar analysis suggest the perfect entry for bears with the close below the...
DYX reached the upper trend line (the upper limit of the downward channel). Next week can change the trend.