The formation of bullish candlesticks after a bearish rally, and formation of another higher low shows strong indication that bulls are in control.
Moreover, a bullish flag pattern is also observed which gives another opportunity to go long for a while.
The commodity shows appreciation for the bullish divergence, and seems to have bottomed its 15-day long bearish rally. A recent formation of higher low indicates the trend might just go bullish
Jerome Powell gave good momentum in the market yesterday. I do not think this is enough to breakout of the bear trajectory. Market went emotional and soon reality will resurface. Inflation and interests are still high. Macro economics are not favourable. Money is still getting sucked out of the market. As time goes by, people have less money to invest because of...
Gold price broke above the falling trendline resistance at $1,712 on a daily closing basis and validated a falling channel breakout. The recovery from six-week lows could regain traction on a sustained move above the $1,720 round number, above which the $1,730-$1,734 supply zone could come into play. The area is the confluence of the recent range highs and the...
in respects to recent USDJPY analysis..
after a big bullish push toward desired zones
sights on closure below current structure - playing the pullback
anticipate - react execute
cheers.
FX:GBPAUD Long AFter seeing 4H MA crossover to the upside. Price Rebounced off of a key level of 1.7250 and could potentially have a deep pullback into a fib Region outlined before shooting lower. Stops placed below Prev Daily Lows with Expected Target of 1.7500
Last week the pound broke 1.30 nicely and closed at 1.31 taking it to new 2017 highs. This recent uptrend in cable has brought gbpjpy to a strong daily resistance after a big move on Friday making a higher low and higher high. I expect the resistance zone at 147.750 to be tested and possibly broken if the pounds strength can continue. I wouldn't be looking to go...
$GLLK is currently following $JNUG and the Gold Index. Fed will raise rates two more times this year setting gold up for a massive run. Just like MJ stocks its all about timing and now is the time to get in early.
Long term call: BUY
Short term call: BUY Expiration of shorting the pair, market are still anticipate the eventually Brexit + the QE.
Mid term call: Neutral
