– Thursday Daily candle closed Bullish for 7th day in a row. I’ll be looking for potential Buys above 2165.000 targeting Key Level point around 2175.000 and next Key Level point around 2185.000. I’ll be looking for potential Sells below 2152.700 targeting 1h Strong Support around 2144.700 and next 30min Support formed around 2138.700. High Impact News ahead of the...
Yet another very strong Daily close on Gold. DOL is Thursdays high. I want to see h1 bullish arrays respected to then look for M5 bullish displacement for long entry.
Long term gold analysis update Based on the analysis, we expected an upward movement from the bottom of the channel and then expected a breakout of the resistance level. The price influenced this resistance in the first attempt. But in the next attempt, he managed to break out this resistance level. Now we are at the price of 2158. We expect a pullback to the...
Hey Everyone, Following on from yesterdays update another PIP-TASTIC day on the chart for us, with our bullish targets being hit with confirmation, to give us plenty of time to get in for the action. After completing yesterdays targets, we advised of the ema5 break and lock above 2143 opening, 2153, 2159 and potentially 2167 if momentum allows. Today we got the...
The market always goes as I expect. Let's wait and see
Let's look at gold from a long-term perspective on the chart. Gold is showing a very strong upward trend, and well, after so much price increase, everyone is expecting a correction! Especially when the trend is strongly bullish! 🌟 If you intend to sell gold, wait for confirmation of a downtrend in at least the 4-hour time frames. Currently, the market boundary...
The gold bulls are gone forever and it will be difficult to turn back in the short term! The price of gold has once again set a new historical high. Judging from the current strength of the retracement, the price of gold has not yet reached the top. After a slight fall during the day, it will continue to rise. The operation layout is waiting for the price to fall...
Gold prices hover around all-time peaks, looks at data, Powell Prices of the ounce troy of the yellow metal maintains its consolidative mood near recent record tops around the $2,160 mark prior to US data releases as well as the second congressional testimony by Chair Powell. Gold now buy 2153 Target 2180 SL 2140
n testimony before Congress on Wednesday, Powell said he expected the Federal Reserve to cut interest rates and that a U.S. recession was unlikely, but he stopped short of committing to any timetable for easing policy because he was unsure of further progress in lowering inflation. Data showed that U.S. private employment growth was slightly lower than expected...
Preferred direction: BUY Comment: Previous long-trades in gold and silver have been completely fixed with profit, but short-trades are out of the question. At the moment, there is a strong limit buyer working for metals, and most likely the price is heading to a historical maximum at the level of 2140 . This week is rich in the publication of economic...
Preferred direction : BUY Comment: The British pound continues to be the most promising major currency pair to rise amid so much accumulated selling. Here, we continue to adhere to the previous plan, and events strictly develop according to scenario №2 . The growth target is the level of 1.28000 , or more precisely the area near it, since most likely, as...
Preferred direction: BUY Comment: We continue to consider the euro in favor of buyers, especially until the target at 1.09000 is crossed. Above this level, there is a target of 1.10000 , which the pair may approach quite easily, since there is an accumulated resource for this. This potential movement will develop within the framework of scenario №1. ...
Preferred direction: SELL Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD . Also, do not...
Preferred direction: BUY Comment: When considering medium-term trades, we continue to adhere to the buy-priority for the AUDUSD currency pair. As expected, right now the instrument is already recording a new local minimum, which we prescribed in scenario №2 . This scenario is now more relevant. It should be noted that during this week the price will most...
Preferred direction: BUY Comment: Metals continue to be ahead of everyone, and here all the parameters for entering a long remained exactly the same, that is, at the beginning of the week, the setup for long remained the same, and we are actively trading according to scenario №1. At the same time, we are gradually approaching our target at the level of ...
Preferred direction: BUY Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to...
Preferred direction: BUY Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the...
Gold is still in an uptrend. Tomorrow I will focus on two key points. 2142-2145/2114-2120. If gold undergoes a deep correction, it will steadily continue to rise, accompanied by rising information. I think gold is steadily rising. On the contrary, if gold rises directly, it will fall sharply due to lack of support below. Therefore, I will continue to pay...