DXY approached its short channel at the top area. I pick a short position as both fundamentals and technicals match.
3 wave up and ABC correction done yesterday. Breakout & retest from bull flag + support zone= for me a long entry. TP: 26 USD, strong level.
A nice entry point can be triggered if we see a deeper correction. Buy at area 95-100 USD, supported by daily SMA200, fib 78.6 and the gap close.
Barrick Gold approached a key confluence zone paralell with XAUUSD. As the fundamentals are the same and seasonally the year end is strong for gold, I am calling a buy.
C point entry after 3 wave elliott + support
Daily short momentum fib 61.8 + resistance/supply zone + 100 SMA. Stop 3 *ATR. TP at previous low. RR: 1: 2.26
HL HH + trendline + Fib 61.8 on min/max candles + 200 d1 SMA + MTF oversold (h1-h4-d1) + earnings today may boosts or kills the setup
LH - LL + short channel + under MA 200 + fib 78.6 Nice R/R with high probability. Volume on the recent long momentum may be a bad sign for the setup, but the trend is still short. Let's give a try.
We are likely in a long term ABC correction
It seems it is a 5 wave short movement, with ABC correction and a nice C point entry.
Potential demand zone can generate long momentum. 1900 have to be defended on weekly basis for long bias.
Channel bottom + support area + fib + pin bar = R/R: 1:3,96
Visa is consolidating in a range. Nice setup for a trend continuation breakout-retest long trade scenario. RR: 1:2
Pfizer is showing strenght, with nice inverse head and sholders and cup & handle formation. As going in to the vaccination period, any positive news can boost the move. Not at least Pfizer pays nice dividents (in case of long term hold). SL below 200 SMA and at least 2 x ATR 20. TP at recent highs. RR: 1:3,5. Let's se how it works out.
Google is moving in a long channel. The course arrived to a stronger demand zone and to the bottom of the channel. There is a good chance for ca. 8% profit until the previous highs/supply zone. RR: 1:2,3. SL: 2x ATR200. TP previous highs.
It is a possible bounce from 200 SMA and the trendline. Gold is oversold too. Many traders missed the rally, they may jump in as well. TP1: 1980 area (strong supply zone - sorry but accidentally deleted the resistance line there), TP2: 2070 area at the top. SL: 2 x ATR. RR: 1:2 and 1:4
Platinum has just offered a golden cross on the daily chart, supported by a long term breakout from the downtrend on the monthly. The price action is similar what silver did before the huge rally. I would bet for a strong long trend in case of continuing economic recovery.
Price action is at the top of the long term short channel. Retail traders are 75% long on this market, so I expect a quick and deeper corrective move from the supply zone. RR 3,4:1