Quite a simple one, yesterday we had a surge to $35.15 from the low of $19.98 last Thursday. There is a strong potential for the price the retrace to the 61.8% fib region at around $25.80 which is also coming up to the region of trend line interception. This offers a textbook opportunity to got long from $25-$26 with a target price of $39 which is just below the...
With the bearish break of several key levels last week (1702, 1700, 1696) there is the strong possibility of a continued move down retracement to the next key level 1575.
This trade will most likely take between 7 and 18 days, and depends on various market sentiments.
-What is the progress with the vaccine? Does the claim from Gilead Sciences, regarding their...
This trade idea is formed on the basis that gold will hit or get near its all time high (ATH). The 1800 handle is a huge psychological level, and is reinforced by the resistance it formed in 2011/2012 after gold hit its ATH. What I expect is a similar price action and level of volatility that was witnessed at the 1700 level last week (week commencing 6th April...
