Zivko36

AGAIN, will the USD weaken!? Watch for GOLD to REACH 30% RSI.

FX:USDCHF   U.S. Dollar / Swiss Franc
I am not sure whether is a good thing to settle your self for a LONG SELL position at this moment!

Since the weight of the USD on this pair is much greater in this pair I recommend a little patience, BUT we see a little divergence on the DAILY chart which that it will move a little bit to the down side. It depends on how strong will the down move be.

AGAIN, fundamental ANALYSIS show that the GOLD will VERY SOON start to move up and USD up for that respect.

EURUSD is is used here to show and follow the movement of the USD. You can also look at the USD Features and bonds but fundamental analysis as a whole are the key to the BEARISH or BULLISH outcome for this scenario.

RECOMENDATIONS: Maybe go for a shorter BUY but wait for a stronger confirmation that this will turn in to a strong BEARISH pattern .

KEY: WATCH for the GOLD to end this LOOOOONG move to the down side and closely follow the upcoming events. May be an announcement that US of A will lower the Interest Rates or keep it the same.

Comments are STRONGLY RECOMMENDED!

HAVE FUN and GOOD LUCK!

Comments

Sorry... In the LINE that starts with "AGAIN,..." it should say "USD down" not "USD up" like it is now.
Reply
LITTLE CORRECTION: In the recommendation line I said "BUY but" instead I meant "SELL or"! At the end of the line just ad: "and then go for a SHORT position." :D
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out