Gold's attempt to break the swing low created in August seems difficult and for a couple of days, the metal has been lying on the trendline as if looking for the next order from either the bulls or the bears. At last gold obeyed the order from the bulls and now trending up. In order to keep the upward momentum, gold now needs to break 2 important levels on the...
The S&P is on the cusp of making all-time highs. Will it be able to break into new territory in the next few days? A falling ATR and reduction in angular momentum suggest this rally may be losing steam. Has it got enough juice left in the tank to make new highs, and could that give it the boost it needs?
Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs.
Descending triangle has broken higher
Double bottom formation has formed
Price action above Ichimoku cloud
Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed
Expecting further build of tension and possible...
as it can be seen it has rejected a key level of 1503.70 several times so i would put a sell in around there if it retests this and a downwards trend to hopefully break the trend line to around 1490 . TRADE AT YOUR OWN RISK
Silver has definitely take off - but yes it's early days. And that's where you wanna be - early in any bull (or bear) run. Gold surprised 'everybody' recently, and many including myself, were left with their jaws on the floor! Silver is so far looking like it's likely to follow gold. The trouble now for new entrants on Silver, is in finding the right spot,...