How Gold respond in past specially in 2008 crisis and we are again in speculative time where stock prices are matter but not real value. Between stock and gold gape is going wider but there a place where these can work as magnet and come to close again. If bad time come I'm sure peoples will only look stable defense wall
Most traders and investors discussed and likes Double price check on bottom and top side, one advantage it reduce the risk while margin traders use SL. I also experienced and convinced double edge rewards better or we can react better instead to predict the price. We can see RSi divergence too or another confirmation in long run. Nothing can stay same and after...
EURCHF turning point has come and it can stay on long side for longer period. it's a simple trade.
USD faced much dent since pandemic, high inflation alarming Interest Rate rise, big institutes intend to buy USD to hold for longer period.
France 40 Index approaching it's old all time high score, but this time economy also bad with high inflation while COVID is back again in Delta shape. The only wise decision to wait with cash or trim the positions.
Hong Kong index dropped after china crack down again own companies but these were headlines in all media "Crack Down" , but reality is little different china want maximum cooperation from some giant companies and some security issues specially DIDI IPO in USA.
Russell 2000 Outperformed SP500 but now can't hold it's growth are this rally exhaust it's a difficult question. If we look into all Bonds Yields and we can figure out these all are dropping and it should not be happen in growth or inflation time, S&P 5000 Pushing higher but if look inside story Mid and Small caps stocks dropping it means only few giants pushing...
EURJPY made 4% correction after a long rally but still it can touch 137 area in weekly chart, however I set TP on recent resistance.
We can see EURJPY big channels in monthly time frame , but this rally can take u turn soon from weekly channel level, in one day chart we seeing Divergence on Rsi. 136 to 137 price is key point
DXY hit it's level and reversing , AUDUSD bounced from it's daily level too. Simple daily time frame trade as Price Action.
German economy can face same inflation results like US. High growth of prices if not equal to value means correction apply
A 10 years long rally and pandemic accelerate it more almost going vertical, with inflation we are running in bad economy. If there bubble then tech will see big dent. We still need correction or deep correction time will tell but it's almost a turning point.
Oil rally surge well for more than a year and it's look halt and turn for it, where it can drop possible on trend line.
By technical it showing in weekly Yield Curve crossing the trend line and other side markets on all time high, but interest rate rise also pending to cover this inflation. All these factors showing bad time can come and and it's not a good time to invest.
Some traders believe Head & Shoulder appearance is most profitable trade, and this prediction actually works better. We can say all pandemic rallies now going back too.
When making idea about Gold we can't forget it also a user product/commodity. Inflation is really high what Fed told us not correct we can say around 5%. In near future Gold can reach 2100 level.
Mostly rallies from pandemic and reaching to their turning points, retail and big players depends on trend lines and if Oil take turn CAD can stay weak for long.
Cad still looks strong due to Oil prices but in Forex nothing can live one side for so long. Pair approaching resistance points Rsi also showing divergence Temp showing buying pressure