Fundamentals :
This is a USD market! Gold does not look favorable until 1600 or 1400.
Technicals :
It appears that we are in the wave 3.
Price piercing the weekly 200 ema
bearish technicals
March 2020 Support Breaking
Strong USD fundamentals
Fed speech last Friday made USD strengthen and DXY technically looks upwards till 110 zones which let other Major pairs will face effects, that too GBPUSD looks bearish till 1.15 zone, Expect a bounce back from the low there, Cant neglect the fact of NFP reports on Sep 2, Friday
So frens,
Strong hit rock bottom,
like in the screencap to see all we have to do is hold it here or give enough money in to break the bullish formation upwards
Accumulation till 25th may.
We can do this together
right now
-4million mc
110k circulation
de.tradingview.com
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Idea behind,
I'm bias toward USD going strong for this week and will look for correction next week. Due to recent price action, buyer is not interested at recent low as the inflection reports are storming through out the internet regardless of other countries are doing well too... it's what it is... showing lower demand price is now a bigger interest for the...
I was initially expecting a higher retracement, but due to the dollar being very strong at the moment, it was only a short retracement. I entered a sell position with a 30 pip Sl. The Monthly, Weekly and Daily are all showing bearish signs and a appears that price is ready to make the huge move of the Head and Shoulders pattern. I could be wrong, what's your...
Based on price action in the weekly chart and DXY possibly edging higher to 100, it might still take more time before gold recovers. Most likely it will continue to go sideways.
Entering sell stop order few pips below @1200 to continue riding bearish momentum of XAUUSD and take advantage of stronger dollar, with TP between @1180 - 1185, and SL near its recent...
