it may be strange that I am bearish on XAUUSD but bulliish on XAUJPY. However, above statements can be tenable because I am also very bullish on USDJPY.
If swing low W5, will run well $USDJPY
XAU: With increasing risks of emerging markets like Turkey, people tends to buy GOLD in order to protect their purchasing powers. As a result, the demand of Gold increases. JPY: In mid terms (within 1-2 years) , it is expected that BoJ will not raise the interest rate due to the slow economic and inflation growth. Therefore, it is expected that JPY will not...
when we talk about JAPANESE YEN VERSUS GOLD we are talking about safe haven currencies both of them in same needs and same movements versus USD . so when we wanna know JPY and Gold real way you should track this pair. overall XAUJPY looks below weekly uptrend for the second week in succession but it looks failed to broke daily uptrend so i will stay watching...
As we can see,the fourth head has been finished. Just short it!
Xau/usd will follow Xau/jpy, We are approaching an important breakout.
Good Retracement of XAUJPY. Liability Disclaimer: All trades posted here are my personal view of the market. Please do your own research before to trade and you are responsible for your own entries, SL, TP, and Exit.
Bull market symmetrical triangle $GC_F
Your technics could be perfect but the strategy is the key and if your perspective are totally wrong ...
FX_IDC:XAUJPY Someone is selling gold using worthless Yen dollars since 2011 as can be seen by the support line at around 12700 levels. I think it's the Abe government and their central bankers using quantitive easing to cap the upside in XAUJPY. The problem here, is that this has been going on for some time that a pennant flag formation has emerged, indicating a...
19800 possible long term target, if the flag break up.
PRICE ACTION AFTER BULLISH GARTLEY
I've never seen such a coiled spring in all my life. Trading in a 4+ year channel, on top of a triple symmetrical triangle on shrinking time horizions and now a 4 week channel as well. I mean I do not know what else to say. This thing is going to blow like mount saint hellen and to which direction do not know.
Not trading advice or recommendation
Love looking at things in terms of Yen. Gold looks particularly interesting. I'm betting when it breaks it breaks to the upside and hard.
XAUJPY, such a good harmonic movement
Why Gold is lagging Safe have losses & Yen is outperforming 1. When looking at Gold vs Yen or XAUJPY it becomes apparent why Gold is lagging the broad safe haven losses that we have seen during this risk-recovery rally - investors are buying gold over Yen - so gold appears to be their preferred safe have asset to hold in a risk-on rally - likely a function of...