jamaldwayne

Gold has been making lower highs and lower lows since 8 September. The recent rally lasted exactly 10 days and resembles the previous secondary trend we saw in October. GOLD is nearing a point of convergence of multiple indicators, both bearish and bullish.

MOMO broke above the trend line. If it stays above the 38.2 Fib at USD 31.39 level this could be the long awaited reversal, but the MA's are not lined up yet. It's also likely that the price will fall through the new found support and keep going lower, or even fall back below the trend line, which is the least likely case.

NASDAQ:JD is the stock I hate to love. The company's stellar revenue growth doesn't seem to be translating into the price. JD will remain trapped in a downward trend until 50 MA moves above 100 MA and the price breaks (and holds) above the trend line . MACD is looking positive, and the trading volume is picking up indicating an exhaustion, but it's still too early ...

TVC:GOLD continues to trade within an upward trend sending bears into winter hibernation. As the FED interest hike is baked into December, and the Global stocks markets catching a cold, Gold trend up seems to be gathering momentum. It broke above the channel and hit 78.6 Fib level finding a support at the upper channel line. We might seem a sideways movement and a ...

Gold has been trading within an upward moving range-bound channel since the start of 2017. The primary trend remains upwards, with secondary corrections. Whilst investors Globally have turned towards riskier assets amid sustained economic growth low interest rates and low inflation, Gold is likely to see another correction. In previous sessions prices formed head ...