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Month: September 2016

Gold one more chance for the upside

Gold, as expected, has rebounded again from the fibo line retracement (before the FED announcement was already the 1325 mark, so no room for a break down), and carried its rise during all week. In the next period we consider as very likely a move up and finally a break of the top channel to reach the 1370 mark. The 1330 level should provide a valid support, so we are bullish for the short, medium and long terms....

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Dax up but uncertainty looms

Dax this week have found the strenght to come out those moving sands we spoke about last week and accelerated up thanks to the expectation (and  confirmation) of a no-hike decision by the FED on the 21st of this month. If we have a second look at chart we notice how the index found support at the 100 days moving average, climbing strongly on Thursday to get above the 20 days MA. On Friday the action was rather slow and the DAX didn’t continue this rally and took a breath also because of the lack of support from the...

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Gold in a delicate spot

Since July gold prices has started to show a period of uncertainty with ups and downs in the 1360 – 1300 range where bears and bulls have been fighting without a clear signal for a winner. Gold is indubitably in a bull market since the 1000s levels and the trend is up since. However latest drop are a bit worrying for gold bugs as the the trend line has been crossed. We have to point out however that strong supports are below the current price (at 1310 as time of posting). 1) the 100 days Moving average 2) the...

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Dax poised for a free fall?

Dax,as forecasted in the previous post  didn’t manage to cross the important 10800 level and is starting a descendent path that had as it lowest point on Friday the 16th at 1025 where it found some support to lift it but closing still below the 10300 mark. A few important supports have been crushed during this week , 10380  and 10320 being the most significant. What next? An important support is given by the 100 SMA. The 200 SMA just below may prove to be another rock solid help for the index. We forecast for next week a movement...

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Dax breaking up or reversing?

The Dax has well recovered since the post Brexit fall and to the 10700 level. What next? Hard to tell as always, but I tried to design 2 different scenarios.   If you check the graph above showing the monthly DAX 30 candlesticks, you will notice that the index is on a downtrend since the top in April 2015 at 12374 points. The red line showing the trend has been briefly crossed five times so far and always the index has been rejected from it. As we are approaching again this trendline we have to scenarios I have imagined....

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This site is devoted to share ideas and strategies/ trends on different markets. A contribution is welcome regarding main indices or commodities.I mostly cover DAX, Gold and US indices. However I will analyze any other index or share at my will as I use my own methods, my own ideas and my own money.

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