Gold rallied to its highest level since August 2016 of 1368. The dollar (Gold inverse )rebounded in response to commentary from President Trump.Comments from Donald Trump helped turn the dollar around and encouraged investors to sell gold saying he wanted a “strong dollar”, contradicting earlier comments made by Treasury Secretary Steven Mnuchin. That got bulls...
I believe UJ will continue to drop until around the 107.339 area before skyrocketing once again...this is just an idea. I see it as a rocky downtrend but it should make it down there. In top of that US politics and US/NK rhetoric have not given 2018 a break! Now let's sit back and see how this plays out.
I see a Short Set up and my tp is the 35 pip gap, uj is on an uptrend so its best to buy but the BOS on the hr tf shows retracement.
The price have been in the bullish momentum for a long time,the 4hr TF still maintaining the HH and HL. Trading idea is long until HL taken out. Please feel free to drop your idea
I know many of you are watching UJ when trading gold... There's a very important pattern developing on the UJ UJ chart. After a 7 months consolidation ( downtrend in a down channel) we had a character change. Price didn't turn down immediately in a V shaped form as did before. It sticked to the trendline an started to crawl along it. I think the Bank Of Japan...
see the Ma rejections in the past, this is a good entry for a long here with defined risk
All to do with USDollars - lots going on and all pressure on Dollar looks positive as numerous news weighing in. We cash out on the south run as TP hit, and we re-instate long position with TP @ 114.931
Not considering geo-political tensions and Trump's trash talk. UJ has completed ABCD and 618 retrace on the daily chart. Let's see where this goes.
Should work.. and fall. Also present on highr tfs.
Technicals saying to me that it is going to move up
just one bullish candle, changes everything. The trend and market participants switched to the buyers side. Gold has broken out over 1225 $. That's technically a good reason for opening a new call/bull/long position. For any other issues or questions, just leave a message, please. Thanks in advance & enjoy your day.
Price climbed from 102 lows up to 118 highs, and has currently formed H&S on pullback to 38.2 Fib....bold idea but let's see
UJ has been acting as a clone in this downtrend rally, 23.8% of expansion followed by a 23.8% of retraction, so we are expecting the next iteration of these clones
the formation of wave 1 of bullish is finished.
The tunnel will broken today, because of the news, in the long- term, UJ will go up to 118, ut right now , it need the retracement, the trend is exhausted, and Japanese session will open.
Break and retest of daily trend line and key support level 114.450 is a trigger to go long. Break above 200EMA, targets set at -61.8 fib at 115.975.