Gold prices on Wednesday hovered near a one-week low hit in the previous session, after U.S. President Donald Trump halted new stimulus talks, bolstering the dollar. Prospects for more aid for Americans struggling through the COVID-19 pandemic and U.S. airlines seeking to avert a wave of layoffs crumbled on Tuesday when Trump ended negotiations until after the...
Suggestion: SELL AUDUSD AT CMP 0.71510 SL ABV 0.7230 TGT 0.7110/7095 ELSE BUY ABOVE 0.7235 TGT 0.7285/90 SL BELOW 0.7180
Suggestion: SELL GBPJPY AT CMP 137.10-20 SL ABV 137.90 TGT 136.50/136.60 ELSE BUY ABOVE 138 TGT 139.50/70 SL BELOW 137.20
Gold jumped 1% hitting almost a two week high, on optimism around a U.S. stimulus bill and a weakened dollar, despite gains in the stock markets after reports that U.S. President Donald Trump could soon e discharged from the hospital. Optimism over fiscal stimulus came into play after upbeat weekend comments from U.S. House Speaker Nancy Pelosi, who said progress...
Bullion is seen attempting to regain some status above support at $1,882, despite leaving behind channel resistance-turned support, etched from the high $1,703. If buyers maintain a dominant position north of $1,882 this week, are traders likely to seek all-time peaks at $2,075? Upside momentum subsided heading into Wednesday’s session, and continued to establish...
GDP data from UK came in at -19.8 percent against market expectations of -20.4 percent. The latest round of discussions began on Tuesday and reports indicate that negotiators will begin the process to finalize a deal as soon as possible. Prime Minister Boris johnson is considering slapping additional restrictions to curb COVID-19, especially in northern England....
I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP. Looking now we have potentially a short position coming up. Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts. Remember just because we post...
The #VIX is on the verge of renewed volatility. Following the spike at the end of February, volatility then calmed from mid-March onwards. Immediately afterwards, we observe the formation of 5 bearish waves ending around mid-August with an exhaustion point S13 A new bullish wave (1) was then triggered and peaked with a SU9. Wave 2 came back to test a solid...
Crude oil plunged below 40$ on opec output news, Daily chart suggesting more weakness ahead till 35.50 levels with a mild support at 36.55 (sept 8th low) Upside resistance lies at 38.80 or 136ma. Almost all timeframes RSI trading at over sold regions giving some caution for fresh sells. Who ever sold at highs can take profit here and wait for the slight rebound...
A per yesterday outlook it fell to the channel support and gave a breakout at 135.90 and currently trading below that which becomes resistance now. Curently h4 trading with mild bearish bias with upside restricting channel resistance at 135.90 for the downside target 134.20-30 level wit a support at ma50 or 134.98. One can wait for the rise till 135.90 and can...
Gold shot up after plunge in Asian session with a low 1889 just below previous resistance 1890 now turned to support. H4 currently trading inside ichimoku suggesting sideways trading going on with a support at ma50 1882.41 with resistance at 1913.05 or 136ma. Stochsastic, RSI and momentum picked up slowly and turned positive which shows upside target 1920 in...
EURUSD, 4hr chart suggesting a rise till 1.1800 which could cap the rise as 200ma waiting there. Sustained well above 1.17 and a break above 1.1750 r fib 61.8% which is also today high, a break and sustain for even 15minc an rise till said level 1.1800-1.1830 upside which could cap for some time and potential targets for buyers. Overall buying is advise from...
Gold prices Gold declined after a back-to-back advance as the first American presidential debate disappointed the market by giving no clarity regarding their policies and stances. If USD is to weaken as the stimulus package accord seems far away, gold could make its way back. Technically holding above 1880 and close abv 1889 could rise again to test immediate...
US dollar index sinking for a second consecutive session Tuesday, Gold extended gains. From the weekly timeframe, bullion is attempting to regain some status above support at $1,882, after missing channel resistance-turned support, etched from the high $1,703, by a hair. On the daily timeframe, room is seen for buyers until shaking hands with resistance at...
CONFIRMED CASES : 119107 DEATHS : 2113 RECOUVERED : 97468
Short EURGBP @ 0.9130; TP @ 0.8960, SL your choice
Short EURMXN @ 26.30; TP @ 25.11, SL your choice
identifying patterns. can see how the mac D on total us deaths is starting to turn bearish, i can see a slowdown happen around election day @ 225000 deaths could peak a few months past into new years @ 285000 deaths before really starting to flatline the squeeze indicator is also showing slowdown in confirmed deaths. we are hitting the top of the ascending wedge,...