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khansalarehsan
Jun 21, 2018 8:23 PM

A great opportunity to go Long Gold  Long

GOLD / U.S. DOLLARICE

Description

Friends during the last a few hours we have seen a change in the market sentiment. BoE report signals a possible rate hike in August and since then all USD crosses are going to fade the hawkish FED tone last Wednesday.

I can see Shooting stars and inverted hammers in all charts. Let’s start with EURUSUD



Shooting star on DXY and divergence



Shooting star on equally weighted average and divergence



Clear rejection of on Nikkei futures




Oversold Gold



Equally EURO weighted. See the false breakout of the lows for last a few sessions.



US yields 2 years, 5 years, 10 years and 30 years all pulled back. See 10 years here



All bonds also bounced…




Comment

Comments
InvestingScope
We agree and have a similar analysis:

martijn_vdb
We will see what happens with gold after CB & ANZ
rameezcfa
Well great analysis. How low can Gold go ??
martijn_vdb
Wasn't weekly 89EMA broken and if so do you think Gold can go through it ?
dr90210
Beautiful analysis Master. Good luck to all in this trades!
khansalarehsan
@dr90210, Thank you. Yes good luck to all ...
rameezcfa
@khansalarehsan, Master what would be the lower lock of gold?? cz i have some buy orders pending at $1308, i can easily digest till $1250
Nervesofsteel-NOS
Thank you for the detailed post. SO if Nikkie Futures is being rejected can we expect the Yen to become the beast as you had anticipated?
khansalarehsan
@ansariforex, Spot on Ahmed. USDJPY short also looks good. Thanks my friend.
Nervesofsteel-NOS
@khansalarehsan, The Yen becoming beast is music to my ears :D
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