Gold-Tech

Gold-Tech

GOLD is changing the trading plane and is currently weaker than the market. The price within the correction confirms the previously broken support (now resistance) And bumps into the strong zone of 2359. The price is heading to 2332 on the background of the dollar growth. The fall may continue after the news, which may also indicate support for the dollar. The...

Gold-Tech

EURUSD is encountering strong resistance at 1.08883 level After a false breakdown, a retest and reversal candlestick pattern is formed. After breaking the downside resistance, the price does not go up and most likely will not be able to do so. On Thursday, news may be released that could reinforce the decline. If the price returns in the pattern boundaries, but...

Gold-Tech Updated 

USDJPY is forming a move of the potential from resistance to support relative to 150.884. Which indicates the presence of a strong bull market. Earlier, the market formed a false breakdown in the moment of harsh statements of Japanese regulators. But, traders are still selling JPY on the background of strong dollar. Scenario: breakout of the resistance area...

Gold-Tech Updated 

USDCAD has been forming consolidation after the reversal for quite a long time. The area of 1.31500 is the bottom in the current market and an area of liquidity that continues to feed the bullish trend. It is worth paying attention to the price compression towards 1.3600. There is a high probability of a breakout formation with the subsequent realization and...

Gold-Tech Updated 

Gold is updating a global high to an incredible price. But, negative news for gold is starting to appear in the market. The risk area for the price is very close and if the metal falls below 2265, it may cause a small correction. The target of the correction may be a liquidity block (previously untouched). There is a high probability that the price may test...

Gold-Tech Updated 

GBPUSD changes its direction from an uptrend to a downtrend after a false breakdown. There are prerequisites in the shakeout (liquidation) format that hint that the decline may continue. A major player is collecting liquidity at the expense of buyers, but continues to push the price down after the trap is formed. Relative to 1.256, price may head towards 1.2518 support.

Gold-Tech

GOLD is in the strongest rally in recent times. Interestingly, gold is rising along with the pair's antagonist, the dollar. Earlier today, a false break of 2305 was formed, which looks like a liquidation of sellers that started to appear by the correction momentum of April 4. We have NFP ahead of us, most likely the data may show a bullish mood in the US market,...

Gold-Tech Updated 

Gold may continue its growth amid huge buying interest. Central banks of major powers continue to actively buy the metal. Against the backdrop of the expected reduction of interest rates in the U.S., the potential for gold is also growing. From a technical point of view, for further growth the market-maker needs to liquidate orders below 2150 in order to gather...

Gold-Tech Updated 

GBPUSD is preparing to test the support. The price has been forming consolidation since the opening of the session. Most likely, local resistance may be tested with the aim of liquidating sellers with further decline to the potential target of 1.28. Reasons for further decline: 1) Dollar rises on news, this is negative for GBP 2) False breakdown of 1.28 forms a...

Gold-Tech Updated 

EURUSD is consolidating before jumping down. The currency pair is experiencing weakness amid a fundamentally strong dollar, which spent all of last week under the influence of bullish news. The outlook is generally clear. Technically, a pattern is forming on the chart, which may break the support and change the trend. Reasons for further decline: 1)...

Gold-Tech Updated 

Gold is holding fairly steady in the flat 2080 - 2090 after a strong rise that started back at the end of last week. Interest in the metal is quite high, which has recently increased investment in the metal as a safe-haven asset. The bullish trend may continue after the false breakdown of the nearest support, as well as after the breakdown of 2090. Reasons for...

Gold-Tech Updated 

The currency pair is breaking the structure and preparing for further growth. The target at the moment is the resistance 93.4. The bullish trend, as well as the weak yen favorably influences the New Zealand dollar. Reasons for further growth: 1) Correction phase ends in an area of strong liquidity 2) False support breakout 3) Consolidation relative to PDH 4)...

Gold-Tech

Gold is forming a rally after breaking through a strong resistance zone. On the background of sellers' liquidation and opening of orders by the buyers, which accelerate the price to 2060, we see the momentum. The approximate area where the impulse may end is LH (2060 - 2065). We should wait for a retest and a false breakdown. Reasons for further growth before...

Gold-Tech

The currency pair broke the resistance of the descending channel a few weeks ago, but after the breakout a consolidation is formed, which in this context can be perceived as a trend continuation pattern. In our case, a trend change is forming, which means we should wait for the continuation of the upward movement. Against the background of a possible fall of the...

Gold-Tech

Gold is declining, although the whole market was expecting a rise to higher zones. There is a strong pressure on the market due to the upcoming news, as well as the strengthening of gold. The gold market is trading in a narrow range and is forming a kind of consolidation, therefore, it is possible to trade relatively strong levels Reasons for further decline 1)...

Gold-Tech

The currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline. Reasons for further decline: 1) Counter-trend correction 2) Liquidity and resistance areas at 1.4728 are strong...

Gold-Tech

Gold has been strengthening all last week and today, Monday, it reaches a strong resistance where the correction phase may find its end. Globally, earlier, we saw a change of trend and at the moment the market is starting to look for a change of sentiment towards selling. Consolidation below 2035-2031 will form a bearish potential Reasons for further...

Gold-Tech

USDJPY continues to grow. The price is standing still, but it is forming an ascending triangle relative to the maximum. Buyers are interested in further growth, as a consequence, the price reflects their interest. Reasons for further upside: 1) Bullish trend 2) Fundamentally weak yen continues to weaken against the dollar 3) Price is forming a consolidation in...