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10/06/21 10:53
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By tradinglounge · Posted
Spotify Technology S.A., Elliott Wave Technical Analysis Spotify Technology S.A., (SPOT:NYSE): Daily Chart, 2 February 23, SPOT Stock Market Analysis: Looking for an impulsive move off the lows as we are seeing a steep climb that broke through the 200EMA and the volume based point of control SPOT Elliott Wave Count: Wave {iii} of 1. SPOT Technical Indicators: Above all averages. SPOT Trading Strategy: Looking for wave {iv} to enter long. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Spotify Technology S.A., SPOT: 1-hour Chart, 2 February 23, Spotify Technology S.A., Elliott Wave Technical Analysis SPOT Stock Market Analysis: We can count five waves off the lows in wave {i} as well as five waves into wave {iii}. We could be near the end of (v), 2.618% {iii} vs. {i} could be the next resistance. SPOT Elliott Wave count: Wave (v) of {iii}. SPOT Technical Indicators: RSI in overbought territory as well as well above the averages. SPOT Trading Strategy: Looking for wave {iv} before placing longs. -
Gold Prices Rallied as Markets Kept Betting Against the Fed, Now What? Feb 2, 2023 | DailyFX Daniel Dubrovsky, Contributor GOLD, XAU/USD, FEDERAL RESERVE, TECHNICAL ANALYSIS - BRIEFING: Gold prices rallied the most in almost 2 weeks after the Fed Markets continue to bet against Powell’s rate outlook vision XAU/USD now turns to non-farm payrolls data on Friday Gold prices gained 1.14 percent on Wednesday, the most in almost 2 weeks. The yellow metal is on course for a 7th consecutive week of gains. That would be the longest winning streak since the summer of 2020. All eyes were on the Federal Reserve over the past 24 hours, which delivered a 25 basis point rate hike, as expected. That brought benchmark lending rates to a range of 4.50% - 4.75%. Gold Surges During the Federal Reserve Rate Decision Gold Technical Analysis Gold closed at a new high this year, taking out the January peak at 1949.16. That placed XAU/USD closer to the key 1978 – 1998 resistance zone. Negative RSI divergence is present, showing that upside momentum is fading. That can at times precede a turn lower. In such a case, the 20-day Simple Moving Average (SMA) could maintain the upside focus. XAU/USD Daily Chart Chart Created Using TradingView --- Written by Daniel Dubrovsky, Senior Strategist for DailyFX.com -
Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends The Federal Reserve hiked its benchmark rate another 25 basis points and Powell held the door open for further hikes, but neither risk assets nor the Dollar took the group for its word. Scrutinize the progress on trends like that from EURUSD with event risk like the ECB and unresolved themes like recession ahead.
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