GoldvalleyCap

GoldvalleyCap

Today on the radar, Barrick Gold Barrick Gold has attracted some attention as major investors, including recently the notable Stanley Druckenmiller, have taken significant positions. With these influential players entering the fray, while the gold market experiencing remarkable momentum, the question emerges: Is this the right moment to buy? Well, let's dive on...

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Today we have on the radar Pagaya Technologies Ltd. NASDAQ:PGY Pagaya Technologies Ltd. is a global financial technology company, headquartered in Tel Aviv, Israel, with operations spanning Israel, the United States, and international markets. Since its establishment in 2016, the company has been at the forefront of development and implementation of exclusive...

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NYSE:TOST has demonstrated considerable momentum, leading us to explore two potentially favorable scenarios for its price trajectory. Firstly, considering the current landscape of an overextended broader market, driven by the success of NASDAQ:NVDA , the potential for a correction becomes apparent, possibly triggered by the impending NASDAQ:NVDA earnings...

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Potential breakout continuation pattern shaping on EURGBP

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Looking at EURNZD for a short on a potential correction. The pair have been trading strong to current supply zone. Often after a strong impuls, a strong correction takes place. But strong impulses can also hold momentum and continue. So that is something to keep in mind and an eye on. Overall the pair is pretty much trading at a relative premium level, but...

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Looking at another mechanical short setup. This time USDCHF. Price hit supply, got some rejection. Failed to break previous high. Price ranged up in this upward channel/wedge, which seems to peak right into the supply. Therefor a break might offer a short opportunity to maybe the 0.8930 range. There is some USD data incoming in 1 hour and 15 minutes. Something to...

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Looking at a mechanical short opportunity that might get fueled by economic incoming data today. Price potentially hit supply and has locally lacked the strength to push forward, so price might be in for a correctional wave back to 1.66 range.

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Crypto on the move breaking key levels. Here is a stock that might benefit from that and might offer some upward potential along the crypto run. TeraWulf is a bitcoin mining company, but unlike other mining companies. This miner operates with a nuclear power plant. Pretty genius. History has proven that if bitcoin moves, this stock pretty much moves along. Seen...

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Two failed attempts to get out of the daily wedge, while printing LH's and LL's and ranging back into the wedge. Also breaking south through the POC range. Next candle close on 1H will probably prints a red MA, which gives me a solid setup to short.

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Dollar have been relative strong in the Asian session. Notable on the Aussie and the Yen, so if EU goes south as well and breaks current range, there might be a bearish London session on the table. Later today we got the US manufactory PMI and JP's speech, so something to keep in mind while holding.

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It's not looking good for silver. Lots of breakouts! There is a breakout on the YTD upsloping support. A breakout on the pennant in the upper range and a breakout locally on the previous lows. All together this might be a case for a good dump on silver to potentially the $20 range or worse.

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Potential more downside for silver. Price breaking away with multiple rejections of the $23 range. Which might open the way to $22.30 range where a strong support level is waiting to likely be tested again.

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Looking to long crude oil. Potential breakout pattern on the horizon to take it long.

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Long setup for GBPNZD, potentially fueled by technicals and incoming economic data and news. GN has been steadily declining from recent mark up and currently trading on a daily/weekly zone and seems to bounce of a potential local supply zone. On the other hand the rally was pretty strong and was able to take out the previous high from may 2020, so there could be...

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Although it states long, I'm still somewhat neutral on this one. However, price has been tanking significant on some bumps on the road. They recent got a license to expand into the UK. Price has been trading short for a while now and locally it broke out of this downward channel. If the coming days or weeks price goes flat or even manage to take out some local...

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Two days with no high impact news, until Wednesday. So there might be some room for a correction on previous mark down. Price is flattening out on a daily zone with a breakout on the downward channel. Locally price made some HH's and HL's. It might be interesting to trade long when price breaks out of the consolidation box above.

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Looking to short copper. China's economy plunging. Counts over 50% of the world demand. So basically China's economy weak, equals copper price weakness. Price hit supply and shows signs of weakness. If current range doesn't hold and breaks down. Then I will short doctor copper.

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Crude has been pretty much skyrocketing again and it probably ain't over yet. Price has been declining from its top in this falling wedge shape right into a strong trending support line and some notable volatility came right in on that support. So a potential breakout of the wedge and retest can maybe offer a nice potential long position.