We have broken down the upwards channel and NFP being tomorrow I have charted my prediction of the expected move tomorrow
Short opportunity on Gold all the way down to 1735 offering 500 PIPS profit. From 1735 I will be looking for longs once again.
Here is an alternative scenario to current Gold shorts I am in from 1870. However, this long bias also has a very good chance to play out. I have noticed something interesting about market structure on the Daily timeframe. There seems to be a lot of resting liquidity on Gold sitting around the 1972 region. Since the start of the year, price has been edging lower,...
GOLD ALTERNATIVE BIAS: I have noticed something interesting about market structure on the Daily timeframe. There seems to be a lot of resting liquidity on Gold sitting around the 1972 region. Since the start of the year, price has been edging lower, in every instance leaving liquidity above every high which still hasn’t been taken out. It’s a POSSIBILITY that this...
Gold is currently trading inside a tight range and near to completion of its final wave (Wave 5) before we see a market reversal back down towards 1828. Another way to confirm that this is wave 5 and we're close to reversal is monitoring price action and the momentum of buys. We can see that price has now slowed down after a very strong uptrend and buyers are...
We know that the news report came out last week stating that USD will gain value on NFP Friday. We have entered a good selling point for NZDUSD, with the current candlesticks failing to break the strong diagonal resistance. We can anticipate a monthly sell. However it is one in which we need to keep our stops tight, because we are strongly aware that the NZD has...
I am currently shorting Gold down to 1828. This move down is simply a corrective wave (Wave 4) as we still have one more impulse move to the upside (Wave 5) in order to complete the current bullish structure. After the move down I will be looking for long positions back up towards 1889 in order to fill in the imbalance created from the Gold drop back in June. I...
The dollar rallied strongly on Wednesday after data showed inflation rose to a 31-year high in the US. Coming on the back of Friday's fantastic jobs report and the 20-year high in the quarterly employment cost index the week before, this doesn't bode well for a Fed intent on being patient on raising interest rates. The central bank has repeatedly stated its...
Hello Traders Here is a new BUY Scenario, USD/JPY Consolidating, Yen bulls but may quickly turnaround tomorrow in the event of strong NFP data. - Yen shows signs of long-term vulnerability. - Focus on upcoming Non-Farm Payroll (NFP) data. - Possible bullish continuation pattern - 114.00 level key. Forecast : Strong NFP may push USD up, No big drop until...
Hello Traders Here is a new BUY Scenario, October's Nonfarm Payrolls are set to show an increase of 425K after two disappointments. - Yen shows signs of long-term vulnerability. - Focus on upcoming Non-Farm Payroll (NFP) data. - Possible bullish continuation pattern - 114.00 level key. My Forecast : Strong NFP may push USD up, No big drop until...
On Friday we saw Gold price shoot higher on the back of NFP data creating a weekly high. We have an unmitigated zone between 1806-1794 which still has to be filled before a further move up towards 1872. I am expecting a correction now, since the new impulse, Wave 1 of the Elliot Wave Theory is about to complete around 1823-1827. This is a HIGH RISK TRADE as...
Well, as we see, the price was finally able to break its dynamic and static resistance at the same time and close above the $ 1817 level, we expect the price to rise to the $ 1827 level after a retest and then to $ 1833 if the channel midline resistance breaks ... failure of these levels will not be easy .... Follow our other analysis & Feel free to ask any...
The price hit the target nicely and corrected to the level of $ 1785 and then reacted positively to our static range, which was also an important Breakeven, and started growing again ... The result of this analysis was +80 pips yield . The main analysis will be updated with the start of the new trading week. Follow our other analysis & Feel free to ask any...
The analysis we did of gold yesterday was very accurate and I hope you used it As you can see all targets are reached exactly as i predicted for you last day ... Results : +80 Pips for Sell Position + 330 Pips for Buy position ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤...
Apparently gold is gonna complete the Head & Shoulders pattern. by getting confirmation in lower time frames we can sell it, the TP & SL are shown in the chart. I'll be happy from your comments, so please sure us your ideas ... GOD WILLING, GOODLUCK !
Today we were reminded of an analysis from September. It is very useful for this current situation as well. Now we're at a strong resistance. Until price breaks above it, we're still looking for another drop here. First target 1760
The British pound has extended its losses in the Friday session. GBP/USD is currently trading at 1.3445, down 0.41% on the day. It's been a miserable week for the British pound, which is down 1.76% this week. The driver behind the pound's slide was the BoE meeting, as policy makers caught the markets off guard when they opted to maintain the cash rate at 0.10%....
USDCHF at the moment is choppy on 1H & 4H TF but still 0.91500 Psychological Level is a good potential for a shorting opportunity before NFP data release. Lets see what the Data bring on the charts for next week.