Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
GOLD: what you should do with it right now
2020-10-12 • Updated
Gold finally moved above $1 900 – again. How established is that high now? A brief look suggests that the mid-term trend is bullish so $1 960 may be reached thin a week or two. However, in the short-term, it is possible that a downward bounce will take place from $1 930 to $1 900. Very possibly, the price will drift slightly below the 50-MA just like it did on October 6, and then will get back up to break $1 930. That’s why the key, for now, is to verify the downward reversal from $1 930: the 50-MA is waiting!
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...