When gold hits RSI levels that are this high, it often leads to a pullback.
One of the most unbelievable rallies in gold Gold has soared to a record high of $3,455 per ounce amid escalating trade tensions. In this video, I analyze the factors driving this rally and discuss why a pullback might be imminent. We'll examine key technical indicators, potential support levels using the GLD ETF for gold,
Be leery of rising resistance that has consistently pushed back on Tesla (TSLA) of late. SPDR Gold Trust (GLD) pushing through multi year resistance dating back to 2020. Fortune Brands Innovations (FBIN) bull flag working in the short-term, but long-term there could be some resistance that pushes back some. Not sure how difficult
Costco Wholesale (COST) reports earnings on the 14th and people are chasing this 44 P/E stock right higher still. Total lunacy! As Luckin Coffee (LKNCY) continues to sell-off look for a pullback & buy opportunity at the lower channel band here. Major support looms for Oracle (ORCL) to be tested at $98. Could
Major support breaking today on Tesla (TSLA). Now the next level of support comes in at the rising trend-line around 207-210 area. SPDR Gold Trust (GLD) inverse cup and handle pattern nearing confirmation. CBOE 10-year Treasury Yield Index (TNX) October highs on tap. Rates continue to rise significantly. Lululemon Athletica (LULU) price action still struggling
Watch for an eventual test of support at $155 for $UPS, creating a huge head and shoulders pattern in the process. Â
Heavy sell-off yesterday in $NFLX has price completely reversed and attempting to break out of the bull flag pattern. Â
SPDR Gold Trust (GLD) triple bottom formed, and close to confirming, after breaking its downtrend. Take-Two Interactive Software (TTWO) confirming a head and shoulders pattern. Robinhood Markets (HOOD) testing major support following a massive sell-off today. Coinbase Global (COIN) sitting tepid level of support at best, declining resistance and short-term price level resistance
Watch for the break on this declining trend-line on SPDR Gold Trust (GLD) as a possible long position if the dollar breaks down. Invesco US Dollar Index (UUP) may be eye-ballin' a return to the rising trend-line. Netflix (NFLX) finally breaking above the 200 day moving average and attempting to fill the rest of the
Looks like $GLD has a date with major, long-term support.