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. Medium Term View   In my previous entry posted around the first week of August, i predicted that after the nice run up of the gold, due to the over-bought conditions shown from the very high RSI values, the gold would most likely enter a consolidation period. You can read my entry at this link:  Gold Analysis (8, August 2020)       Figure 1: Gold Spot Daily Chart (from eToro.com) On Figure 1 can be observed that just a few days after the post, the gold spot prices begin to fall in order to consolidate and reduce the value of RSI to a more sustainable level.   A support around level 1850$ was created, if it hold for a few weeks, might become the level from which the gold prices will attempt to reach and test the resistance leve

August (2020), fifth profitable month in a row Dear Copier and Followers, I am glad to announce that we have completed the fifth month in a row in profits. The month of July concluded with 2.43% of profits. This third trading quarter is so far at 6,27%. The Risk Factor seems stable at an average of 3 and maximum value of 4, when times with some volatility will come I will try to increase it to an average of 4/5 in order to take full advantage of the possible profits available. Figure 1: portfolio structure This month we tried to be trade without daring too much because this period is typically not the best period for stocks. Although the last kept grounding higher, we are reaching values that seem a bit too extreme, so we kept gradually increasing defensive assets, in particular TLT (American long term treasuries), which now are the largest ETF asset in the portoflio, followed by GDXJ, as you can see from Figure 2.       The Vix seems to have bottomed during the last weeks and started