DanieleTrader

  Technical Analysis Dear followers and copiers, over two months have past from my last Gold updated version of my technical analysis, I think it is time to take a new look at the charts and technical indicators to analyze what's happening to the gold prices and try to figure out how to trade it. The long term view posted in the last entry is more or less unchanged since my last analysis. The uptrend looks still intact and probably 2500$ is the next long term target. Medium Term View During the last two years, after the temporary bottom printed from the Gold Spot prices around mid August 2018 at around 1600$, the market value of this commodity began to rise within a rising channel delimited from the two ascending violet lines drew on Figure 1. Lately the trend actually accelerated breaking out of the growth channel further accelerating toward the latest weeks, and printing a decade all time high. Figure 1: Gold Spot (weekly chart) In the mediu...

July (2020), fourth profitable month in a row Dear Copier and Followers, I am glad to announce that we have completed the fourth month in a row in profits. The month of July concluded with about 3,75% of profits. We continued to work to stabilize the Risk Factor which now is back to an average of 3 and maximum value of 4. Figure 1: PortFolio Composition   This month we tried to be rather aggressive, we moved to from record of about 40% cash to a very low level of 6% within a few weeks, then we started to move out again from some trades locking in some good profits. The market seems to begin giving signs of euphoria, partly justified from the blowout quarterly reports of the big tech companies, anyway many issues are still on the horizon from the exploding small corporate debts, to the presidential elections, Brexit and the development of Covid. Figure 2: ETFs structure (mostly defensive) It's easy to predict that the volatility will continue to ...