Smartmoneyconcepts
GOLD Will Go Down! Sell!
Hello,Traders!
GOLD broke out of the
Rising channel, then made
A retest of the resistance
Cluster of the horizontal
And rising resistance lines
At around 2720$ from where
We are already seeing a
Bearish reaction so we will
Be expecting a further move down
Sell!
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Google is Taking a Break and accumulating for the 2nd run !Google returns to the inflection zone we had previously studied. This is good news because, after pulling back, we got a bounce in the same inflection zone.
What does this mean?
It means that the price is more than ready to continue its upward trend; however, it is just forming an accumulation pattern, where it could resume its upward movement at any moment.
Key points to follow:
Markets, in general, are bullish, and we are in a week of high market euphoria, which could support the price to continue rising.
Google continues to report positive news within the company.
Google’s prices have increased, indicating that higher figures may be reported in their next earnings report.
In my opinion, Google will remain in an accumulation range this week—it's a pattern where the price will hold steady this week before its next bullish run.
Thank you for supporting my analysis. TRADE SAFE! Best regards."
Hey SPYLOVERS ! Enjoy the Bull Ride !!!! Election Week and Interest Rate Cuts Did Not Disappoint Us at All
The truth is, it was a very difficult week to predict price movements. However, out of the two possible scenarios I shared last week, Scenario #1 was the winner, and it was the one I had the most confidence in!
At this moment, the price is in "no man's land," meaning there is no historical price data on the chart where we can find a level for the price to hold or replicate its movement. In this case, I believe that, from here on, the price will move based on upcoming economic news or as we approach the date when President-elect Donald Trump will officially become the President of the United States (POTUS).
Let's enjoy this bull run that is happening—these are important times for the country, and we need to take advantage of those swings!
Best regards, and thank you for supporting my analysis. See you next week!
GBP-JPY Bullish Bias! Buy!
Hello,Traders!
GBP-JPY is trading in an
Uptrend and the pair is
Going down in a local correction
To retest a horizontal support
Of 196.000 from where we
Will be expecting a local
Bullish rebound
Buy!
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