Copper On Big Time Frame Charts: $0.6 or $6?

There is an age-old question asking: How do you determine if a trader is biased? Show him a chart and ask where he thinks the market would go and then show him the same, but reversed chart and if the answer is the same, then this trader is indeed biased. We call such a trader a Perma-Bull or a Perma-Bear. The market sentiment is often split even as there are a lot of biased traders and market is then trapped within a range as there is no dominant opinion among the participants.

Every day I see how the trading community spreads opposite signals in any instrument creating an overwhelming sea of information where it’s hard for novice traders to focus and make a trading decision. Different levels of experience and fantasy generate the diversity of chart patterns and models. People change time frames and squeeze or expand charts; all of this affects the perception and therefore, the final decision.

Let’s perform an educational experiment with two patterns that I found on different time frames for the same instrument, copper. I will add two separate charts with those patterns followed by explanations. I am eager to see what you think about the outlook for this instrument after reading and voting on the pole at the end of the article. Continue reading "Copper On Big Time Frame Charts: $0.6 or $6?"

Chart For Profit: Buy Gold, Sell Euro

Aibek Burabayev - INO.com Contributor - Metals


Dear INO.com readers,

This week I prepared for you an analysis of gold versus the euro and why it might be profitable choice.

My last post was also dedicated to the European cross of gold versus the Swedish krona and, for the time being, it managed to gain more than 200 SEK per troy ounce (already or more than 2%). The target is set for a 14% gain, so please be patient.

Today I am going to tell you about a chance to score a nice 18%. The chart above is a monthly candle graph of XAUEUR for the last 5 years. It was me who wrongly forgot about such a liquid metal cross with such an interesting chart pattern being shaped. But fortunately, today we still have a chance to buy gold versus euro. Continue reading "Chart For Profit: Buy Gold, Sell Euro"