Bulls successfully defended a crucial swing level, and there appears to be a reversal observed in the spinning top candle on the daily. Possible next targets and take-profit zones in this chart where they are sure to meet resistance. Unfortunately, a lot of these movements may happen outside of regular trading hours in the U.S. (for GLD symbols), so trade...
EMAs on the monthly are soon to death cross unless SBUX makes a huge move upward. There's a head and shoulders on the monthly charts, inverted cup and handle (venti) on the weekly, and currently closed below 50% reversal from the last drop. Target is possibly ~58 region, but may stop short in low 60s. Catalyst may be Microsoft CEO's Satya Nadella resigning from...
There is a lot of selling pressure for gold, with RSI signaling overbought conditions on every higher time frame. Undoubtedly bullish, however, it may have reached a peak. In my opinion, a lot of consolidation is required before pushing for another ATH. Currently, a double top appears to be in the making, with a swing rejection candle on the daily, with a hanging...
