Monster Rally

Featured Image of CNBC

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Deutsche Bank shares slump 4 percent on report of a possible merger with Commerzbank
Shares of Deutsche Bank slumped more than 4 percent Thursday after a report said the embattled German lender is gearing up for a potential merger with rival Commerzbank by mid-2019.

Asian stocks mixed as manufacturing activity in China shrinks again

Asia close are seen with a bear inverted and may correct downwards before Europe.

Japan have posted a hammer alike but is more to a bear inverted, which might correct down before pick up during US open.

Asia markets set to gain on US-China trade optimism

Europe ends on a muted note amid bank rout; Metro Bank falls 11%

Europe close posted a hanging-man candle stick and will see open unchange and go back up, despite of bad news like Italy recession and bank merger. But if it don’t we may see a correction space downwards.

(Hanging Man:

This candle is an indication of a market ready to rally! Showing a bullish impulse.

It forms when the price drops after opening to form a long shadow, then price rallies to close at the highs of the candle.The real body of the candle forms the head, and the long shadow forms the guy’s ‘hanging legs’!)

GDAX are seen closed.with a indecision bar and might plunge first before picking up mid day. This indecision is both way but more to a upside. May open low and cover back higher

European markets seen slightly lower amid earnings, data
European stocks are set to open slightly lower Friday morning, with investor caution mounting ahead of a flurry of key economic reports.

Gold Market

Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018.

Carla Gottgens | Bloomberg | Getty Images
Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018.~~~~~~~~~~
The amount of gold bought by central banks in 2018 reached the second highest annual total on record, according to the World Gold Council (WGC).

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Gold chart posted a harami doji candle and are expected to hit her new high today.

Oil create a doji too but a bear doji which is more to a correction before possible pick up during US open.

Cindy beware of the open if Asia open and move higher. She will retrace lower and probably will hit the one hour 30 min which is the next hour 45 mins. And is a buy time and vice versa.

Close time is xx17 to xx27 the next hour. See profit take defference immediately.

European open are trying to retrace some and hit the resistance and possible move lower. I am waiting for direction.

From the formation from the chart that is form and touches the nearest support point. The Euro zone the market is going bullish to wrap up the Friday and the beginning of the new month.

Cindy Kate I am going for long at xx45 and close up at xx17 to xx27 before the US open despite the US close have show some spinning on top candle stick.

I did not get out of position and will do so after 1 an half hour after European close.

End Day

Chinese stocks jump amid trade optimism; manufacturing data disappoints
Stocks in China saw strong gains on the first trading day of February as hopes rise for a U.S.-China trade deal. However, the country’s manufacturing data came in below expectations.

The Chart shows a bear inverted bar but forms a double bottom and will see a surge up on Monday futures opening.

European stocks close higher amid earnings, US jobs report
European stocks closed higher Friday, as market participants monitored a flurry of corporate results and key economic reports.

GDAX post a doji after a indecision and a hammer. The whole chart is very positive for the opening month.

Which we will see a surge up during the European open; where Italy close also posted a bear hammer and a inverted.

We may see a open gap up and correct down all the way till US Pre-Open.

Be back for more updates.

Thank you

Tangoh

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