We have a lot of USD news later today. Im looking at sells heavily, Im selling from 61.8% fib targeting the 50% zone. I think with gold looking bearish also, it gives a better chance to see a fall in USD pairs today. GU is also following down my trendline, which gives me more confirmation of a downtrend in recent hours This is not financial advise, only what i...
Key support and key resistance for gold lay between 1910 and 1895. We could see gold sink further today, once key support is broke gold could drop to 1880 and lower. Lots of news to keep an eye on also. I will be looking to sell from rejections around 1910.
We can observe the 4hr candle jsut closed below 1.0882 4Hr support Zone. Price also doesn't seem to care too much about our Daily support level 1.08915. Price retraced during London Session and gathered some liquidity while touching into weekly level 1.094 before coinciding with a drop with better than expected USD news. Also upon the 4hr candle close, it...
Gold continues to fall after breaking key range, Golds forming a bearish channel, again what I spoke about yesterday. Also looking like a bearish wedge is forming. Gold is approaching the key support of 1895. Possible rebound from the level to the nearest resistance I predict. The trend is clearly bearish, I’ll be targeting sells today. If another key support...
With golds fall over the recent days, its clear to see its in a bearish channel. Im looking to sell now and target 1900, 1885 in the mid term. Price below 1910 will cause an impulse to 1900, Sell entered at 1912, let the melt begin...
Price did a break and retest above our 1.0918 Daily S/R Zone during Asian trading today and has increased 58 pips since then. The Daily candle reached within 9 pips of the 1.0986 Daily resistance zone formed last week. This return back to the topside of what looks to be a range forming now. Top of the range being 1.0986 Daily resistance zone and 1.08908 Daily...
EURUSD holding above 1,0900 but there is no change in expectations. We will watch how it reacts from 1,0950 and weather it manages to test the previous low and the levels around 1,0800. We are not considering sells on this stage and we’re targeting JPY crosses for additional opportunities.
Gold took a hit this week as the dollar rebounded after the Bank of England raised interest rates by half a percentage point — twice more than forecast — saying it needed to act against "significant" indicators that British inflation would take longer to fall. U.K.’s main interest rate is now at 5%, the highest since 2008 after the largest rate increase since...
Selling GJ in range. Will target 4hr support, if we see a break it could open our target to 181.300
Looking to trade the rejection of 1924 area, Trade opened 1932.5, target 1940 previous HH. 40 pip SL keeping it tight during news. Will update the trade as its active.
The Weekly candle has touched into 1.1012, only 12 pips from our weekly resistance level 1.1024. On the daily timeframe we can observe a bearish candle Shooting star rejection candle is forming and price is currently below our 1.098 Daily S/R Zone. On the 4Hr timeframe we can observe price having issues with the 1.0995 4Hr Supply zone. The 2nd London 4hr candle...
Yesterday we saw another rise and break of the previous high in EURUSD. The first level of the Fibonacci extension based on the last impulse - 1.0996 - has already been worked out. The next level is at 1.1060, and shortly after that is the important resistance level of 1.1080. In this zone, we expect more serious resistance and a possible deeper correction.
Aiming for a previous HH. will wait for confirmation of a rejection of daily support, and enter on a long.
Market Analysis: Global shares decline, dollar recovers as Fed pauses rate hikes; ECB and BOJ meetings awaited. Key events on the economic calendar include: New Zealand GDP (QoQ) for the first quarter. Eurozone Deposit Facility Rate announcement for June. Eurozone ECB Interest Rate Decision for June. US Core Retail Sales (MoM) data for May. US Initial Jobless...
If gold breaks 1928 area, It opens the doors to falling more. We could see as low as 1922 today if not further. I think the bears have been strong overnight, and we could see a further decline. Sell entered from 1935, now to sit and watch.
Hello dear trader or investor This chart related about xauusd So according to us xauusd fall in this point so what’s your think about it) Like and comment plz