Trading With Linorth
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So Trump got impeached.
I doubt he gets removed from office and even if he gets removed Im sure he will run again in 2020 and win again 😂
The problem with his impeachment is that the likes of Nancy pelosi have fucked up so much themselves (like pelosi admitting on air that she was well aware that the Bush administration was lying about Iraq and she did nothing about it) that they have no moral high ground to stand on when it comes to ethics.

So I dont think this impeachment will do anything except maybe weaken the democratic party even more in the long run.

For now we should wait and see how his trial goes in the Senate which many people believe the republicans will unanimously vote against it and keep him in office.
Merry Christmas & Happy Holidays🎄⛄
#Gold

my long term analysis of gold is available in this channel if you search for the hashtag gold. but here, I wanted to show how I see the movements in gold.
still within a flag pattern with three legs down and on its 6th wave about to touch the topline of the channel.

The longterm direction is up, and the current target for the bulls in the final leg is 1496.96. after that, they will exit their orders and create a pullback to the topline of the channel and then we have to monitor the chart closely to see if the price action suggest a direct move up to 1600 price range or we are going to witness a fallback to 1420 price range before price build the potential for going higher.
My internet might get shutdown by the government again (I live in Iran) so I wanted to talk about oil prices before I get cut off.
Today is the beginning of another wave of protests in Iran and the chaos of people protesting all over middle east (Iraq, Iran, Lebanon,..) has the potential to push oil prices higher to around $65 per gallon (if things get out of control we can expect >$80 per gallon prices for 2020). Still the support area for this price move is 58-60 price range, so keep that in mind if you want to trade it.

I dont think internet blocking is going to last long if it happens, probably 3-4 days at most so I will be back soon to continue sharing my analysis here.
Reached the target area.
Forwarded from Linorth Signal Service
#NZDJPY - Daily
With US trade deal with china progressing, I expect the Gold and JPY (safe haven currency) to depreciate in value and NZD and AUD which got hit pretty hard during trade war to recover a bit. so this is how I expect the price to move in near future.

The blue line(s): ideal entry

The green line(s): Target

Red line(s): stoploss.


(sorry the previous signal was the wrong photo! oops!)
Happy New Year! 🎊🎉🎊🎉
Trading With Linorth
#Gold my long term analysis of gold is available in this channel if you search for the hashtag gold. but here, I wanted to show how I see the movements in gold. still within a flag pattern with three legs down and on its 6th wave about to touch the topline…
#Gold is running towards the 1575 price range. the move up is sharp so its normal to expect a correction before getting another move up towards 1600.

the boxes are the potential price reversal zones. in case you want to short it when the price reaches there ;)


but still, the longterm direction is still up, specially considering the US going indirectly to war with Iran inside Iraq borders (they killed a famous IRGC military commander in baqdad airport today) its likely for the price of gold to be leaning higher in coming days. (still we should expect the correction since the move up is sharp)
Trading With Linorth
#Gold is running towards the 1575 price range. the move up is sharp so its normal to expect a correction before getting another move up towards 1600. the boxes are the potential price reversal zones. in case you want to short it when the price reaches there…
by the way, the events in Iraq will most likely affect the price of oil too, so keep an eye on crude as well.
I think we can easily see 65-66 price range in the next 10 days!

still, remember the support level is 58-60 range.
European oil refineries are pulling out their employees of Basra, Iraq. #oil could reach $75 per barrel (edit: changed 80 to 75 which is a more realistic goal for trades due to technicals. And changed gallon to barrel which was a typo 😅)
Things are escalating fast between US and Iran. For now I suggest you stay bullish on oil. Gold is a bit over bought at the moment so even if it pulls itself to 1600 directly, there is no way but to give at least a 200 pip correction before moving higher (in case a direct conflict happens between the two)

For now, market is a panic. So we can expect it to cool down in a couple of days if nothing big happens.
my chart and small orders on WTI Crude #oil

as you can see, price jumped up and reached my desired area and after collecting the profit, now that I'm following the news of IRGC Iraqi branch (Hashad Alshabi) fighting US in Iraq, I'm sure over the weekend we will get more news on the conflict and next week we might see a big gap upwards.

I have entered two small 0.1 orders and have placed pending order to let the fluctuations till midnight activate as many of them as possible and then hold them for the target of 74 (or 65 if news isn't that heavy!)

obviously I expect the price to even reach 58 price range (bottom of my channel) but if somehow price reaches there, I'm going to add to my positions and hold for a retouch of 61.61 price and average out.


be careful and trade it on your own risk if you want to trade it.

have a nice weekend.