Not much to say on it yet however if today candle closes above 1400 then expect a continuation to 1450. This convinces me that gold is planning to go on a long up-rise due to the gradient its showing so far. May see bulls getting exhausted and letting bears take the lead sometime in the future but gold is possibly aiming to set a record high. A few fundamentals...
This is an extremely bullish case for long term based on past market cycles. $20k would be reached exactly 2 years from now.
ALERT: not a financial advice, just based on past movements and assuming Bitcoin has already bottomed. It is still very likely that BTC could drop even lower than $3k. Stay tuned.
My view is that XAU seasonality is beginning to energise. The small look above the downward trendline (circled) today indicates to me that buyers aren't ready yet given the expected Christmas rally. Sellers came in to lower the price beneath with short targets spaced at $6-7 down to ~$1206 minimum. A bounce from or hold above any of these is possible, I will be...
In this screen cast I explore the Halloween Effect -which is a seasonal pattern - going back to 2012.
My overall position is that from 2012, the Halloween Effect is more probable, However, it is not 100%.
Statistical studies have been tracking this effect based on data largely based on a far more data before 2012 (but including the time up to the the present)....
BCH is currently in the low range compared to BTC.
The BCH development teams are innovating and doing the opposiate to BTC which makes them a good hedge.
BCH tends to pump to keep up with bitcoin.
Around 600 is a very strong level of support.
Possible double bottom forming.
Looking for a potential move up into the 0.9670-0.9680 area in order to possibly get short this pair should my entry conditions be met in this zone.
The USD continues to weaken as we see this continued risk off sentiment from the equity markets. USDCHF, USDJPY, XAUUSD could all be in for further extensions in the short term. We'll have to wait and see what the...
Ok... This one is interesting. Your typical text books formation. But, the Right Shoulder has not been confirmed yet, so it might not form it in the end. Be careful.
If it will close above around 3.30, then it won't be H-a-S. But if it will want to push lower, then I would be really happy to see it go to 2.80, 2.60 and we're very lucky, 2! But this just an...
H&S top. The price is now right on the neckline of the pattern (185). Any lower and it will break and this gives a short move down to around 140. A nice big trade.
OJ highs historically don't last long, and seasonality supports a drop in Jan too.