The answer check , CORNUSD and USDZAR on weekly chart , huge reversal preparing for another taking off 1500 -1600 zone or stay confined 1340-1280. The analysis is forecast for MA 50 and MA200 support and reversal on MA 50 now and analogy to last year April to June 2018 reversal. In summary Fundamentals Gold shot from 1240-1280-13240 Based on Trade deal fall out...
After deep study looks like this oscillations in XAUUSD is based on XAUCNH , the gold based on the Chinese Renminbi Currency Offshore , SaxoBank advisors stated same. There is another resistance as shown , this is the base graph for harmony , rest is DXY based for what Trump tweets , obviously trade war not in favor of DXY , they have been long awaiting and...
This statement from China People's newspaper and its clearly showing the Asian spirit for revenge to whoever mock on their kindness , It shows also the DOW will go down and Gold shooting higher , but hey not before daily downs and graduals ups , it will take a trigger (or call it confirmation) before it shot high , because this high is 1350-1320-1360-1400 - 1500 ,...
Deal or No Deal Direction for funny shining metal
Bullish Bat observed , though Nothing predictable after swinging FOMC day
Which Channel it follows A,B,C or D? Is it easy or difficult to forecast ? Better watch FOMC announcement
Another indicator shows possible short this week
BIG SHORT If you have 3 month memory on 25 Dec the stock beats risky drums , government shutdown , correction in stock market DOW biggest daily loss in Christmas , China deal crises , the reversal was planned in End of Feb that also got shifted after china deal not completed. Now things are almost done and I believe its ,more of political decision when the...
Again , continuing Fib fall from 1345 to 1276 , In the chart I believe it will go for C channel if its active week for news from China deal. The B Channel is possible scenario if you got FED minutes with some details not clear but the resistance 1300 will not break again in soon scenario. Less likely C channel and this can be triggered by Brexit fights and...
Analysis attached to my best view of monthly , weekly , Daily , 4 hours , hourly. Gold controlled by DOW DXY (EUR , GBP , CAD , JPY) News Levels up 1313-1322-1330-1340-1400... Levels Down 1304,1299,1284 , 1276 , 1240 bounce up aggressive Not the giant pennant on monthly chart Good luck
It's so difficult to forecast gold as being related to other raising news , its basicaly thermometer for the market overall risks from China - UK - Euro- USA, yesterday a bounce from Feb 1276 level went up 1308 losing bearish hopes to get consolidated level , this was by news of Brexit. Today is also decisive day as News made it clear that No hard Brexit and hence...
Sharing today observation about non harmonic pattern of Gold commodity
Perhaps the most clear for the Gold behaviors is the 4 hours candles , it shows the limit reached today on 1346.6 and going down inside the Channel upp on bearish daily mode for limit 1337.2 with support 1326.1 , the Gold reacting to news of trade war agreement, Fed news , Dollar index DXY
Gold reached the limit as per chart , will go bearish to level 1326.30