Gold daily MACD just performed a bullish crossover. I think the price of gold will now grow within the boundaries of the long term descending channel. The RSI is moving upward and room remains for growth over the coming weeks. I expect a technical pullback around 1760 USD then, if treasury bond yield does not alter the trend, growth toward 1815 USD or even 1855...
I expect the price of Eutelsat will zigzag in the ascending channel for the foreseable future. Long positions may be entered when the RSI reaches it support line. Short positions may be taken when RSI is overbougth. Let me know what you think of this idea.
I expect the price of Sanofi to carry on falling inside the descending channel, especially if global market consolidates due to rising inflation fears. Sanofi has not been able to produce a covid vaccine and is just starting phase I/II trials for a second vaccine candidate which leaves the near future a bit blurry and may keep investors away. Once the price has...
I expect the French CAC40 index to consolidate to 5850pts following the recent rally that has brought the RSI in the overbought territory and has enabled the closing of the Gap at 5995. Further more the index has reached the resistance level of the inner ascending channel that has rejected it several times in the past.
Let me know what you think of this idea in comments.
I expect the price will carry on inside the descending channel in 2021 as the french market may soon face headwinds (rising inflation, rising treasury yields, global consolidation after long bullish trend).
In addition Orange also recons difficulties ahead in 2021 to generate free cashflows, a situation likely to improve in 2022 according to the management. 2022...
The price of gold has reached the bottom of the consolidation channel. It is also in the vicinity of a strong support trendline. The RSI is quite oversold. All this pleads for a short term reversal to hit the upper level (1790~1800 USD) of the descending resonance channel. On the way, I also expect a temporary pullback at 1760 which has been a strong field of...
The long term gold trend looks like it has entered a correction phase toward the bullish support trend line. There are now two monthly Heikin Ashi red candles. The bearish trend is to be confirmed by a third one. It is also signaled by a death cross on the MACD.
The RSI is receeding after a strong overbought period and leaves ample room for the correction to...
