sugardaddyFED

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About me Providing personal insight and views - Barely Legal Technician Risk Disclaimer! https://globalbulliontimes.com/
Joined United Kingdom sugardaddyFED
Precious Metal Analyst - Not Advice but banter - Plan your own trade and trade your plan!
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XAUUSD 80% | 4 XPTUSD 20% | 1
sugardaddyFED sugardaddyFED PRO XAUUSD, D,
XAUUSD: Gold getting very techincal
138 0 3
XAUUSD, D
Gold getting very techincal

What was support is now a strong overhead resistance - December 2016 low uptrend line (see daily chart) Expect technical sellers to reemerge at $1264 level Break above will allow buyers to get aggressive again and potentially targets $1295 An AB=CD formation suggest gold to end the year lower But there are a lot of factors riding at the background - any ...

sugardaddyFED sugardaddyFED PRO XAUUSD, W,
XAUUSD: Dips may continue to look attractive - Gold
93 0 3
XAUUSD, W
Dips may continue to look attractive - Gold

2011 decline has wiped out bullish sentiment from overstretched speculative funds as well as ETF investors. The gold market found a solid base at $1,046 per oz where the reversal trend has started - which suggest that one cannot be overly bearish towards gold and dips should remain well-supported. With the trend reversal underway, we see gold price to retrace ...

sugardaddyFED sugardaddyFED PRO XAUUSD, 240,
XAUUSD: Short-term take on Gold
45 0 1
XAUUSD, 240
Short-term take on Gold

Expect prices to consolidate lower Watch for a potential converging wedge like pattern Use Fib as potential rebound level Sentiment in the complex remain poor Awaiting for more data to see how gold prices react

sugardaddyFED sugardaddyFED PRO XPTUSD, D,
XPTUSD: Platinum look deceivingly bearish
19 0 3
XPTUSD, D
Platinum look deceivingly bearish

Price action converging and a breakout looks imminent Overall sentiment has turned very bearish as speculative Nymex funds positioned with sizeable short bets There is value and the risk reward to the upside looks favourable On a larger scale, it seems that the metal is about to produce a large W correctional move higher

sugardaddyFED sugardaddyFED PRO XAUUSD, 240,
XAUUSD: Gold Not So Fast
76 0 2
XAUUSD, 240
Gold Not So Fast

Short term risk is the UTL acting as overhead resistance and potentially forming a bearish head and shoulder formation. But it may override this if price break free and resume higher to target $1,300. Daily chart not posted continue to paint that gold is still in an uptrend since December 2016 low so be wary.

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