Predict to go until Low BB weekly then will bounce back due to the weakness of USD. Expected there will be sideways movement on next week on USD that will prevent the TSR20 price to go lower.
Break out zone will be the tested area whether it will continue up trend if fail to break then it will again go down trend.
TSR20 was expected to do a pullback due to the correlation between the strong USD and the weak gold.
The pullback is expected to reach the low BB because as normal or standard analysis once the CS reach the mid-BB
and cannot break it it will go back to Low BB. However, it depends on the current economic news it can
affect the movement to reverse to a strong buy if...
XAUUSD: BEARISH EXPANDING TRIANGLE 🔻
BIAS: BEARISH 🔻
TECHNICAL PROJECTION: BEARISH
On the H4, we have a bearish bias that price will continue further bearish to 1721.4 &1678.73 target to complete its "e wave" from the bearish descending expanding triangle pattern.
FUNDAMENTAL PROJECTION: BEARISH
FURTHER DXY STRENGTH: Market could be pricing further...
Price action rubber maybe hit psychology level 300. hope fundamental drive this sentiment.
Reason here, fibo level 423 and price starting above ema 50.
Goodyear is one of the world's largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
For Discussion, Rubber Futures trading in consolidation.
May break higher; Higher rubber prices may affect margin of glove making companies?
What are your thoughts?
