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  • Written by Javier Yep Garcia
  • Category: Trading Analysis
  • Hits: 4217

Dow, Nasdaq... All dropped last week. Now what? Buy or Sell?

Note: The forecast below can change. Live updates only in the trading room.

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DOW, NASDAQ... SELLOFF, Now What?

Nasdaq Futures currently at 6505.00 which is a fine attempt to rebound. However it seams like a strong rebound is not going to happen as for now.

A range can happen for some time (see chart below)

Range top (around) : 6725

Range bottom (around) : 6275

This range might extend until mid-March (or before).

A rebound can happen as the range progress. 

A deep crash with a continuous selloff is not in the view of anybody. A catastrophic scenario is very unlikely.

The BUY opportunities and positions are going to start to show sometime soon. 

 

 

Trading Idea

(Risky) Start buying now at 6505.00 and hold until it breaks out, it can take days/weeks. OR Wait next days or week in order to see how it is consolidating as it tries to rebound. (Waiting few more days is good idea...)

 

 

Can DOW, NASDAQ... drop much much more?

They can drop a little more (in the case that happens). But not a deep crash on view. They will all rebound later.

 

 (Updates and signals real time in the Trading room)

 

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  • Written by Javier Yep Garcia
  • Category: Trading Analysis
  • Hits: 1687

GOLD Forecast. February, March, April 2018. A Plunge, to Rebound.

Note: The forecast below can change. Live updates only in the trading room.

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GOLD Forecast. Medium Long term outlook.

Current price:1318.00. (Weekly chart below)

As the title indicates, we see the metal plunging down to 1270.00 (around, depending on the volume in the markets), so it is happening now. Sell with caution recommended. 

A rebound to happen from around those prices 1270.00 (around) (blue line in the chart below) and gold will start to head up to 1320 (around) again. 

A state of range is also possible, so gold can possibly stay in a range, top 1350.00, bottom 1280.00 for some time.

 

 

Trading Idea

GOLD is to SELL now with caution, SL 1340 or at your discretion.  But then BUY on the rebound around 1280, 1270... The rebound might happen around mid-March.

A BUYSTOP order is also recommended. 

Buystop @ 1326.70 SL 1313.00 - Can use Trailing.

 

 

Can GOLD make a spike up instead of going down now (Feb 9th)?

After the selloff of last week, markets are nervous. If the Dow, Nasdaq... continue to drop, then gold can make this spike up or stay high, investors will look for 'Safe Haven'.

 

 (Updates and signals real time in the Trading room)

 

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