Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Gold: bears came up with Shark
2019-11-11 • Updated
Recommendation: BUY $1265 SL $1245 TP $1320.
On the daily chart of gold, the bulls make desperate attempts to return to the borders of the rising trading channel. If they succeed, it will lead to the continuation of the rally. A signal will be a breakout of the upper boundary of the triangle. In contrast, a failure of the quotes to leave the borders of the downward trading channel will be a signal of the weakness of the buyers.
On the hourly chart of gold, the "Shark" pattern has been formed. Its transformation into 5-0 implies a price rise towards $1255 per ounce, followed by a downfall towards $1233. A signal for sales could be a breakout of the support at $1245.
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!