Previously on EURJPY, we prepping ourselves to take buy positions to hedge our sell positions. Price did in turn reach our area of interest where we were able to take long positions and now we are seeing that beautiful push to the upside.
FFIV showing a massive Cup and Handle pattern, with a potential target price of $324 within the year 2025 imo.
wave 3 target on SPY is 560 https://www.tradingview.com/x/R7GpKzfN/
Flagging on the 1W, kinda flagging on 1D but not as good looking setup. On the 1W we see the selling and now reached a green spinning stop candle. Could try $150c 2 weeks out. Wsl
The world gold price jumped by another $7 to $2,647 an ounce. According to market analyst Fawad Razaqzada of City Index, gold still faces many challenges in the short term, such as the strength of the greenback, rising bond yields, and weak demand from the Asian market. However, despite those challenges, the gold price target of $3,000 an ounce is still feasible. Any correction or consolidation in early 2025 could set the stage for another rally in the second half of the year. Ms. Nicky Shiels, Head of Metals Research and Strategy at MKS PAMP, expects gold prices to trade in a fairly wide range of $2,500 to $3,200 an ounce, with the precious metal largely dependent on the US Federal Reserve's (Fed) interest rate changes related to inflation. For now, investors still believe that a stronger US dollar and tighter monetary policy could create some headwinds for gold. However, gold remains an important asset in investors' portfolios this year. The trend of de-dollarization by central banks, complex and unpredictable geopolitics, global debt and investor demand... will ensure that gold is a safe asset diversification tool.
WFC is demonstrating a strong bullish trend, even while sitting near a resistance NYSE:WFC looks like the catalyst of earning could push them past that point having recently pulled back to its 5-day exponential moving average (ema). This suggests that the upward trajectory is likely to continue.
Currently on XAUUSD we are looking to continue price higher. We are waiting for price to push a little lower till our areas of interest where we will be looking to take long positions.
we Have a very strong clean break.. However When London opens there will be a volatility spike at between 3-3:30 so have our buy positioned at the strongest support point in the break and retest pattern The idea is for the price to tag us in at 3:00am and race to TP before 5am The problem with this trade is if the price changes character while I'm asleep then this buy becomes invalid.. In which case it will most likely lose.. however if the price maintains it's current behaviour we will see a nice win at 5am
tenkan sen got flatten and you can obviously see the reactions of price to that level
Oil and Gas Royalty trust Multiple reasons to buy, but I will not be as my local broker does not enable purchases for this Interesting chart with decent fundamentals I do not know the rules around royalty trusts, or if you can trade these or purchase only and what the terms are on the lease agreements to extract oil and gas...