Happy Tuesday friends. I have two asset classes to cover.
1: Intel (free)
2: Gold (paid subscriber)
without talking too much nonsense, let’s dig in.
Intel fell from grace.
The chart below shows intel corporation INTL 0.00%↑ breaking out from the rectangle the weekly triangle.
A short attempt during price Breakout.
What now?
Intel Daily chart.
looking at the last two sessions, it seems like INTL 0.00%↑ lose momentum at candle 1 (C1) which is a hanging man. It also confirms price completed the inverted head and shoulder target.
I will see the price to move lower further heading towards my target at $18 (looking at the current US economy situation)
now let’s see GDL 0.00%↑ playbook.
Gold is an opportunity.
I see gold GDL 0.00%↑ as an opportunity based on the rectangle form on the weekly chart. in-fact I place my order as shown in the gold chart below.
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