Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Gold Bullish or Bearish

Recommended Posts

Hi Ammeo,

What do you think has driven Gold up from 1340 to 1475.?

I dont know .

But when I look at the market I see Asian pushes up the price and then for the rest of the 24 hr day , the price seems to go sideways..

Who do you think is buying.....besides MMS and zdo?

regards

bobc

Share this post


Link to post
Share on other sites
For all of recent memory, the price of precious metals has been determined in the paper marketplace (e.g., COMEX; LBMA). That may now be changing.

 

...someone theorized this whole sell down ...which may not be over by any stretch... is to entice holders of the physicals to spread arb (ie exchange/dishoard their long physicals for long paper pm’s)

 

Anyone buying physicals right now ?… premiums over spot are frkn astounding!… gives some credence to that theory…

 

 

...

 

:off topc: re "That may now be changing"

"That" has a long way to go before it really changes. Using post counts as an estimate, the percentage of posts that address gold in terms of dollars (or one's local fiat) runs at around 99.99%... "That" will not really have changed until it shifts to a preponderance of posters really concieving of it and communicating about fiats in terms of gold... right now, most literally can't even conceive of such...gold bugs or not...

We now return you to your regularly scheduled posting

Edited by zdo

Share this post


Link to post
Share on other sites

 

We now return you to your regularly scheduled posting

 

Some Asian markets + my SA market were closed today.Workers Day

Waste of makeup day.

Some technicals....

Gold has closed the big gap of two weeks ago and retraced about 60%

Now its going sideways with a nice pennant forming.... see attached

The breakout should be UP

 

THE TREND REMAINS UP.

Its a positive Lunar green period.

Big buyers somewhere.

QE continues

There is a big shortage of physical Gold.There is a waiting list for Kruger Rands in SA

 

BUT

I am nervous

The pennant shows lower highs

The stars will fall on our heads from the 5th -7th May.No discussion will be entered into.

So I will quietly close my long position until the 7th May.

regards bobc

Gold_pennant.png.844798c30eb91198b0628ce0fa784017.png

Share this post


Link to post
Share on other sites
Goldman is buying ..... drinks.

 

Celebrating the drop, the short cover rally and the further drop to come.

 

I will agree..read a report today Citi predicting another dip in Gold..i may short it come the 1500 level.......

Share this post


Link to post
Share on other sites
Goldman is buying! Who do you think engineered this temporary dip in prices? ;)

 

MMS

 

Its also upon the demand, Gold's current demand is low and everyone expected this dip for a long time after such a long range market , the bigger chance of getting out of this range was breaking the support..

Share this post


Link to post
Share on other sites

Gold Price Recovery Dampens Demand

 

The gold price recovery is interestingly not carrying over into the gold producing stocks. In spite of gold’s jump their profits have not been showing this. The gold producer GoldCorp's stock rose last week and this attracted a lot of attention from investors. Nonetheless, it is still below the 30bar EMA and unfortunately for bullish investors, it is on a downtrend.

 

How to Trade the Gold Recovery

I will be placing puts on GoldCorp and I am looking at any point above $29 as an entry for an end of the week expiration.

Share this post


Link to post
Share on other sites
I will agree..read a report today Citi predicting another dip in Gold..i may short it come the 1500 level.......

 

Thanks for sharing that Ammeo. But could you possibly give me a link to this Citi report?

Share this post


Link to post
Share on other sites

Gold has been rising after the European Central Bank (ECB) made the decision to cut the interest rate to 0.5% after it stayed 0.75% for 10 months. Additionally, ECB President Mario Draghi stated that the central bank is technically ready for negative deposit rates.

 

Investors are now going to pour more money on the precious metal since the interest rates are lower. There has already been an increased demand for the yellow metal after prices fell.

Share this post


Link to post
Share on other sites
......

Investors are now going to pour more money on the precious metal since the interest rates are lower. There has already been an increased demand for the yellow metal after prices fell.

Pour money into PM's because of a 1/4 rate cut. :doh:

 

That is your hope.

 

Even after the corrective retracement off the April 16th bottom Gold still ended the month of April down almost -8%.

 

When does the pouring begin?

Share this post


Link to post
Share on other sites

If the pms_fiat.jpg (1st attachment below) means nothing to you, then the pms_fiat.jpg below means nothing to you :roll eyes:

 

 

 

The Chinese have figured out what to do with all their depreciating dollars (see 2nd attachment below)

 

 

 

...

 

 

We are also seeing a rapid decoupling between spot prices and physical prices. In fact, it is quickly getting to the point where the spot price of gold and the spot price of silver are becoming irrelevant.

For example, demand for silver coins has become so intense that some dealers are charging premiums of up to 30 percent over spot price for silver eagles.

That would have been regarded as insane a few years ago, but people are now willing to pay these kinds of premiums. People are recognizing the importance of actually having physical gold and silver in their possession and they are willing to pay a significant premium in order to get it.

We are moving into uncharted territory. The paper gold scam is rapidly coming to an end...

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam? - BlackListedNews.com

 

I’m am largely getting around this by simply exchanging gold for silver at this point… but the other day I also bought some bags of junk silver with USD and paid a cognitive dissonance level of premium… story maker was mumbling all the way home “are you fkn crazy?”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We now return you to your regularly scheduled Vliinberg newsfeeds and ‘the trend is updn’ posting…

 

 

:spam:

Lower the Day Trading Margins for Your Account

pms_fiat.jpg.88a3185b4dd5a32b75fe75cd3de2b697.jpg

CurrencyWars.png.1065947a3b8ab8e78aba0a67cf290a8a.png

Edited by zdo

Share this post


Link to post
Share on other sites
sell ! sell ! !

 

 

sell sell !

sell sell !

sell sell ! sell sell !

sell sell !

 

First the astro

Tomorrow is New moon. Markets weaken 2-3 days after New moon

Tomorrow is a Solar eclipse ,which usually means a change in trend. :helloooo:

 

Now the technicals

The short term trend remains UP

The market is going sideways....it looks like Distribution.

The attached chart shows lower highs and higher lows..... thats a pennant forming.

It can break either way !!!!!!!!!!!! :missy:

 

Now the fundementals MY VERSION :crap:

The Germans want their New York Gold returned to Frankfurt.

And New York dont have it??? :confused:

There is a shortage of physical Gold

Asia is buying

There is still strength in the market. :roll eyes:

 

Now my gut feel ..... the losers method :2c:

I will sell SHORT 5 contracts on Monday, subject to Asia trade closing lower.

Looks like I'm going with the Astro.

 

regards

bobc

Gold.png.d4ffeba036f6a5dafea24c9f43f3b4f8.png

Share this post


Link to post
Share on other sites
If the pms_fiat.jpg (1st attachment below) means nothing to you, then the pms_fiat.jpg below means nothing to you :roll eyes:

 

 

 

The Chinese have figured out what to do with all their depreciating dollars (see 2nd attachment below)

 

 

 

...

 

 

 

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam? - BlackListedNews.com

 

Im am largely getting around this by simply exchanging gold for silver at this point but the other day I also bought some bags of junk silver with USD and paid a cognitive dissonance level of premium story maker was mumbling all the way home are you fkn crazy?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We now return you to your regularly scheduled Vliinberg newsfeeds and the trend is updn posting

 

 

:spam:

Lower the Day Trading Margins for Your Account

 

Haha, I like that currency wars, are we winning. Funny.

Share this post


Link to post
Share on other sites
thx. bobc

fwiw May12 - ~16 "the astro" opens some possibilities that trading just about everything will be fun :)

 

Hi zdo

Correct

I do believe that the viibrtions (excitability) caused by astro affect big markets more.

There are more participants. So Gold might just go sideways while the Dow moves down strongly.I also believe you cant use astro on its own as a trading signal.You need other info.

I actually think you know all this and pose your comments as a sort of test,never quite disclosing your own trading methods.

kind regards

bobc

Share this post


Link to post
Share on other sites

Don't you people think it's about time to teach us the basics of your "astromental" analysis, so that this layman can have an idea of what you are saying?

 

BTW of an eclipse, the sun is up and shining here, Bob ! But it is still 9:45.

 

Overall agree we might still go below 1400 : -dmi above, ema 21 and 1485 level holding .

Share this post


Link to post
Share on other sites
Oh yeah!

 

:cheers:

 

Maybe even before the day is done.

 

I did not want to SELL short and hold the position over the weekend.

My market closes in 45minutes.

I have missed a big move :crap:

No prawns and smoked salmon this weekend ;)

 

Decisions, Decisions ?

OK ...Reduce size to 2 contracts and sell short now..

regards

bobc

 

PS Sun Trader , where did you get that smart little Icon?

Share this post


Link to post
Share on other sites
Don't you people think it's about time to teach us the basics of your "astromental" analysis, so that this layman can have an idea of what you are saying?

Kuokam, I hear you but there are almost as many variations on astro wk as there are on technical wk in trading. I couldn’t teach "astromental", for one, because there are so many "astromentals". For two, I can’t teach period. On TL I think I have less than 20 posts on the subject…

In essence, you would need teach yourself the basics of your "astromentals" – finding those, if any, that speak to you and provide actionable information. You may be attracted to the ‘astros’ resonance with the ‘neural nets’… you may be attracted to ‘astros’ resonance with (and sufficientlyupsetting) the 'fluid nets', etc etc etc etc etc etc…

No matter which ways you master in astro trading , imo, ultimately you’re only learning additional ways of how to do summations of cycles… and the art is to learn how many degrees to lead… if you don’t have a deep passion for it, then just stay a layman – wtf is a layman anyways ? :)

 

Re disclosure: There are some astro methods that I use but don’t discuss… but they are horary, for personal applications, not for projecting possible collective actions. I am personally less curious in astro than in the past and even then my interests were in the developmental symbolism of the zodiac and then jumped to the long term, more esoteric cycles – galactic astro , instead of planetary , etc. etc. – completely skipping traditional, conventional, personality, etc. and astro's for and about the current masses.

 

Back in the early 90’s, I was blessed with a friendship with a trader who specialized in astro for his trading and so was also blessed with watching the reality of astro trading in action … I learned that as far as CIT goes, the aspects, etc. correctly identify around 20 out of the next 3 trend changes ;)… I get info feeds from passionate astro traders almost daily. This particular ‘May 14’ aspect I was yammering about is founded in Mars 180 Rahu

 

I think bobc uses a high end astro trading program. You could probably PM him and get details. I was just acknowledging, lightly engaging, and appreciating his astro talking. If no one does that then he will probably just go away… and if he goes away , I would miss him and his unique input.

 

I think posters should post about what they are ‘working’ on improving at the moment. For example, the ‘contrarian’ fx, etc. position trades I’ve been posting about lately... completely out of my wheel house. My PM trades are long term trades based on fundamentals – a type of trading that has also always been even more foreign to me. I was blessed to receive excellent advice in long term pm’s long ago… and ‘lucky’ enough to apply it rather assiduously… but that doesn’t mean I am a master at fundamental trading, by any means…

 

All the best,

zdo

Share this post


Link to post
Share on other sites

I want to add a 4th dimension to my tools .... the GROUP MIND.

And this will open another can of worms.More snide remarks on top of the Full Moon.

The technical trader will say every thing is shown on the chart. Psychology is not required.

The price action trader (Brooks) will say just watch the price.

The fundamentalist will say earnings govern price.

4 members on this thread all agreed that Gold was going down.

What was on their minds?

Heres a nice quote by John Burman...(never heard of him)

"Our thought directions are mostly not our own but come from the group mind -which is itself a product of collective feeling at deeper levels.

That is why suddenly the mood changes and society ( traders ) moves in a new direction."

It requires a Group of people to sell Gold down $32. Why did the mood (trend) change?

 

The media will try and explain this after the event.

 

Our deeper levels are beyond my competence.

 

The Gold market has closed for the weekend.

Asia will open on Sunday night my time.Thats a BIG group.

What are they thinking?

Or am I wrong in this group mind theory.

Is it simply the retailers panicing and selling Gold down , and the big boys (MMS;) )waiting to add to their positions at a lower price. Normal trading activities.There is no group mind.

Comments are welcome.

regards

bobc

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.