NASDAQ Bullish push ahead of FED Stimulus - correction toward 12389.8
Just looking at the charts, and some thoughts. Tomorrow is the last FED meeting of 2020, gold traders will probably be adjusting last minute over the next twenty or so hours. That Head and Shoulders can come right back into play if traders and institutions don't like what they read or hear. Should gold go back below 1800, it might be time to consider the gold...
Long...For now.
Buying Gold - Swing trade - small risk Entry 1825 Stoploss 1805 Target 1925 Gold into 1925 before Christmas. Make sure you don’t mis this move 👍 Our Premium 1-1 mentorship is tailored around you. It is designed based on your current knowledge and experience of the market and we create a bespoke plan to maximise your learning opportunities. This is perfect...
What is up trading family, Comin back at you with my December 13th , 2020 analysis on XAU USD. As always don't hesitate to drop your questions and comments below, your feedback is always appreciated! Take profits and take it easy -- I'll see y'all next week. - Ray
We're seeing a similarity of the past bull run with a mass shaved bar bought on a monthly basis. Let's look on a weekly run, i am seeing a nice target aroung 890 dollar per Ethereum. 3 reasons why this could happen. 1. Stimulus check,more money will flow into safe haven crypto currencies. 2. Flare airdrop from XRP is a fomo which will also let people deposit...
looking to follow the expanding triangle pattern to wherever it points us to.
overall, if the continuation holds, keep buys or look on lower time frames to add buys upon wicks where price has sold off. Creating a minor zone for buys. If price retreats from the high. the least path of resistance is 12,400 upon a trendline pattern of creating higher low. Trade what you see KISS - Keep it simple stupid. Many thanks, Team Lupa
The 'Stimulus Optimism Trade' is back Around the world, major fiat currencies are looking at major devaluation. In the US, a stimulus deal is in the works with a bipartisan group of lawmakers in discussions for $900+ billion deal to stimulate the economy. Last month's jobs report showed that economic recovery is slowing down. This may have tipped Democrats...
What's up big ballers, Comin back at you with my December 6th, 2020 analysis on XAU USD. Let me know what y'all think, and as always don't hesitate to drop your questions and comments below. Take profits and take it easy -- I'll see y'all next week. - Ray
I understand that many people are still bullish on gold which is perfectly fine. Many wouldn't agree with me that 1700 is the best buying zone. It is in confluence with a strong demand zone and the 0.618 Fibonacci retracement level - of a long 2020 bull run since the beginning of the year - is in the Zone. As for the traders who use moving averages to analyse...
Technical Analysis We have a breakout on strong intraday volume (200% above 10-day average). RSI @67 - still not overbought. OBV has been supportive. Because we are in a longer down-trend, we will see multiple resistance; which will very helpful to set your limits. Risk reward ratio is great, using $32.3 as stop-limit loss, and $39 as a sell-exit. Be...
If a stimulus check was invested in Bitcoin $1200 Stimulus Is Now Worth $3350 (+179%)
$1860 has proved to be quite the strong 💪 Support level.... With the US Senate showing less interest in approving another stimulus package, further downside on Gold is possible. If the $1860 level is breached from a daily candle close below the price, the $1845, $1800 and $1765 are on the cards before the end of the year.
THE FUN: Don't get it twisted This commodity rise is mine, fellow investor It's not a QQQ game Forget what you've heard about lack of infrastructure spending It's what you hearin'....the market knows X gon' give it to ya (what?) Forget waiting for you to get it on your own, X gon' deliver to ya (uh) Knock knock, open up the door fibonacci levels, it's real With...
Currently we are resting under a moderate pivot resistance point (.7270). If we can close out above this pivot we may see continued consolidation between this point and .7300 until a break out. I personally am only looking for an intraday trade however my sentiment is low but here is my analysis none the less. If we can get a MACD signal line cross up through 0...
NASDAQ:AAL has been moving between 11.30 and 14.13 since earlier this Summer. Election time is truly the moment of truth. With a second stimulus bill in the works the main question that remains is when? Higher lows on the CMF shows that initiative for buyers is clearly there, comparatively to other dips it has formed a similar pattern. The earning beat is...
The FED is projecting we need to write off this quarter as well with the surge of covid cases and at the same time, they are not contemplating an easing of Monetary Policy. Plus Biden is less likely to give stimulus to big businesses. Not only that Trump is most likely going to be dormant for the last 2 months of his presidency, so signs of stimulus seem bleak. ...