Forecasting and strategy TVC:GOLD : Gold price portrays the routine consolidation ahead of the United States Nonfarm Payrolls (NFP) while easing to 1,940$ amid the early hours of Friday, after reversing from the highest level in a month the previous day. In the near term, and according to the 4-hour chart, the risk skews to the downside. Technical indicators...
Signals and strategies for August 31 TVC:GOLD 🥰 TVC:GOLD is currently hovering around the 61.8% Fibonacci retracement level of the 1,985$ - 1,886$ drop at 1,947$, maintaining the bullish bias. 🥰The 4-hour chart shows that technical indicators are slightly down but still within overbought levels, not enough to confirm an interim top. 🥰US consumer...
Signals and strategies OANDA:AUDUSD $ Australia's consumer price index inflation fell more than expected in July, further away from a 30-year high as a series of sharp Reserve Bank rate hikes appeared to be working as expected. . $ Consumer price index inflation rose 4.9% in the 12 months to July, data from the Australian Bureau of Statistics (ABS) showed on...
Strategies and signals TVC:GOLD In his remarks at the Jackson Hole conference, Fed President reiterated his commitment to continue to closely monitor economic data, while leaving the door open to a rate hike. TVC:GOLD prices will hardly receive strong impetus to break out without a significant increase in inflation data or a worsening job market. The yuan...
OANDA:USDJPY USD/JPY raises bids to reverse early-day losses around 139.50 in the first hour of Thursday's European session. The Yen pair justifies the recent bearish macros, as well as the news, around Japan while not cheering for US Dollar weakness amid a sluggish trading day so far. That said, the Japanese government recently announced a downward revision of...
MAKING A SHORT TERM CALL AND LONG TERM CALL TOO IF GAVE A BREAKOUT UPWARDS!! A FALLING WEDGE pattern formed for short term call if gave a breakout in upward direction then can make a good move after retesting and can breaks the SYMMETRICAL TRIANGLE in upward direction!! IF BREAKS ACCORDING TO MY ANALYSIS THEN CAN GIVE A NEW HIGH !! 44 ema can act as resistance and...