Welcome to the video update for Friday, the 25th. Trader Rick starts out with the gold daily chart where we are monitoring the price action after breaking out of the big triangle pattern. The 1.27 fib was hit and now price has pulled back in to the zone of opportunity. Watch price action for evidence […]…
Welcome to the video update for Monday, September 21st. First chart is the daily Gold chart, with the large triangle having been recently broken to the upside. Upside targets are discussed as are support levels to the downside. Trader Rick goes over the weekly crude chart. See what has changed since last week’s close. If […]…
Welcome to the video update for Thursday, the 17th. Trader Rick starts with a 4500 volume euro currency chart with a common pattern, the ab=cd, which in this case, is a bullish pattern. See how this pattern played out in Wednesday’s trading. In the ES, the pattern was a trend day up. See what the […]…
Welcome to the video update for Monday, Sept. 14th. First chart up is the weekly gold chart and watch Trader Rick determine overhead resistance points based on fib extensions. Friday’s close in gold was the highest since early 2009. Daily chart shows price breaking out of a triangle. In crude, price put in an inside […]…
Welcome to the video update for Thursday, Sept 10. Trader Rick reviews the gold daily chart and the fib extensions that were discussed in last weekend’s video update. If price pulls back look for support in the 970 area with initial support just below 987. Price is coming out of a triangle and that can […]…