Gold continues to consolidate at the 2000 resistance point. Opportunities can be identified if the 2000 resistance is breached, where price can potentially head towards 2040 region. However, if the 1940 support is breached, price can potentially can head towards the 1900.
The United States Dollar struggles to trade above the resistance region at 102.75 and fell back towards the recent low. Bearish sentiment for the dollar remains as price continues to trade below the 50 exponential moving average in the 4 hour time-frame. However, if price were to once again trade above the resistance region at 102.75, price can potentially...
Last week, the S&P500 broke out of the resistance and is on track to move towards the recent high at 4180 region. If price reaches the recent high with no correction, momentum can be considered extended on the shorter time frame where short opportunity can be looked out for.
The 2,000 resistance region that we indicated last week proves to be a strong resistance as price attempts to trade above the resistance multiple times but failed. However there is no strong price reversal yet as it continues to trade around the resistance region. Any breakout of the 1975 minor support can push price towards the 1940 key support region. If...
The Dollar met our initial target level and now trades back up at key resistance level. Any indication of reversal can potentially push price towards the 101.48 region. However if price managed to break further towards the upside, price can potentially move towards the 103.64 region.
The S&P500 index continues to trade within the range between the 3900 and the 4050 region. Any downside breakout confirmation at the 3915 support region can push price towards 3815 support region while upside breakout confirmation at the 4045 resistance region can push price towards the recent high at 4180 region.
Gold continues its ascend in the risk off environment. With the breakout confirmation at the 1870 resistance region, Gold continues its ascend relentlessly forming a new recent high. Next resistance region is identified at the 2000 level, which is just shy away from last week's high. If the 2000 does not hold, we can potentially see Gold back at the top of the...
The United States Dollar continued its ascend earlier on the week but reverses from the 103.225 support region back towards the resistance zone at 104.085 region before heading lower again. The reversal of the resistance region at 104.085 can potentially lead the Dollar towards the key support region at the 102.25 region. However, if price managed to trade above...
Equities trades sideways throughout the week between the 3900 and 3950 region. However on Friday, the S&P500 had a momentary breakout above the 3950 resistance region but fell back to within the range. As pointed out last week, if price managed to trade above 3950 region, the index is likely to move towards the 4050 region. If the index is able to turn above...
Gold formed a double bottom at 1815 support region with a neckline at 1850 region. The first level of support that price may potentially retrace to before moving higher would be at the neckline level at 1850 region, while the second level of support that price may potentially retrace to before moving higher would be at the potential shoulder level at 1850...
Although the United States Dollar Index reached higher earlier last week, price fell back to consolidation zone, at the 103.65 support region. Re-emphasis on that a breakout confirmation of the 103.65 support could indicate a further movement towards the 102.75 support region. (happened earlier on night session)
As mentioned in our previous post, the price at 4050 region was at a mildly extended level and that price would fall back to within the range. Price fell back last week and even reached the key support level at 3915 region. If price were to have a breakout confirmation of the key support region at 3915, the equities index can extend its decline towards the...
As mentioned in our previous post, Gold was mildly overextended and price recovered most the the prior movement. Gold closed the week above the minor resistance at 1853 and looks to push towards 1873 region or even the 1890 region. However, if price were to fall below the 1820 support region, Gold may potential dip towards the next support region at 1790.
As mentioned in our previous post, the United States Dollar Index will likely stall as price is at the major resistance level, which was exactly what happened last week. If price were to break below the new 104.085 support, the Dollar may potentially fall towards the 102.75 support region.
The S&P500 experienced some setback earlier on the week but soared back towards the end of the week, closing the week at the resistance region. As short term momentum is slightly overextended, the S&P500 may trade sideways between the 3960 and the 4050 region before the highly anticipated NFP.
Downside movement of Gold remain strong last week as it printed four days of losses. Momentum is mildly overextended and if this momentum persist, price is likely to reach the next level of support at 1789 can will likely be overextended by then, where high risk long opportunity can be entered. If Gold managed to push above the 1853 region, a short term shift...
The United States Dollar Index continued its ascend, closing off the week at the 105.0 key resistance region. Price is mildly overextended, combined with resistance, price is likely to stall or retrace.
As per our previous post, we have mentioned that a breakout confirmation of the 4066 region can spell more downside movement for the S&P500 towards the next support at 3963 which is the region where the index closed the week off at. The next level of support to look at is not far away which is at 3915 and is likely to reach with the risk off sentiment in the...