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Fib

Entry level for S&P500 ($1705-$2350)Many countries are releasing stimulus right now increasing Singapore. I think it will help boost the economy slightly. However, based on Fib retracement, a good entry level for S&P500 ($1705-$2350). A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance. Fibonacci retracement levels use horizontal lines to indicate where possible support and resistance levels are. Each level is associated with a percentage. 50% to 61.8% are usually good indicators for a good entry point whenever there's a retracement downwards after a bullish run.
TVC:SPX
by Trader_hao
XAUUSD: Gold Short with good pip potential and high rewardsGold is well known for its volatility as has been seen over the past few weeks, where we've seen it rocket up to the 1680 range due to investors rushing in with the threat of Coronavirus. However, they have since had a reality check and as a result gold has reached a channel. This channel is easy money whilst it holds. As shown on the graph we have been seeing lower highers and lower lows on the hourly, creating a descending, closing channel. It has twice rebounded off the pivot point which is the reason for taking partial profits but overall has a great potential to reach 1600 and below in the event it breaks to the downside, and if not plenty of profit will be banked regardless. Keep in mind Donald Trump is speaking later today and that can create unpredictable volatility so suitable risk should be used.
FX:XAUUSDShort
by benaston50
XRP holding strong with good supportMorning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and most certainly establishing a long term trend reversal back to the long awaited bull market. Long way to go yet, but positive signs for HODLERS waiting to recoup their cash! Have a great day and an even better weekend.
BITFINEX:XRPUSDLong
by AZEB1A
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