All over the world, there is a hype around the prices of XAUUSD. Let's look at an in depth analysis of XAUUSD. In 2011 GOLD made an all time high around $1915, which acted as resistance for about 9 years. This changed in 2020. GOLD created a new high, after devastating the 2011 highs, around $2076. Then we saw a meltdown to $1862, this bearish pressure was met...
Chart is a bit messy but all this to say. Gold will not be selling until we see 1932. Everyone hoping for 1850, scalp the retracements but GOLD will not be falling to 1850 soon
I haven't been posting much currency pair set ups lately but here we go. Good luck this week
Chart is self explanatory and if it's not so clear check my previous detailed analysis on this right here
Unless I see a clear break of 11214 and a retest I'm assuming NASDAQ100 is ranging. Anything above 11301 I'll be buying.
If this level which the market closed on holds we will definitely see XAUUSD testing $1920 region but before we even get there we have to breach $1913.
Despite the news DXY has not move up significantly higher, I would not be surprised if we moved towards our support level which is 92.28. Looking at the COT Report for the Dollar it seems institutions has been adding only but 430 long positions and the -70 shorts I would assume is profit taking. I'm expecting some bearish movement to at least 93.00 before we see...
NASDAQ100 follows the S&P and NAS100 is currently at a crucial point, will we see the market break or bounce. The break might see us revisiting those early September highs but like with the S&P500 I'm bear biased, the market made a W formation and is now at the very top of where the first leg of the W began. We could potentially see a fall from here Please see...
Is it wise to buy or sell now? Probably not. Unless you in the buy trade from 1864, stay out until the market reaches a level. I think it will go up to 1920 dollar region before avalanching
Will we see the market fall from the 3426 dollar region or will we see it continue higher? No one knows, all I know is that price has to reach this area before any significant up or downward movement occurs and what will our targets be when the market breaks either up or down? NB* I'm bear bias even though the trend is up on the lower timeframes this might be a...
DXY traded below 94.53 and is on it's way to retest 93.60 as we anticipated would happen if the market traded below 94.53. Now what's to happen when the market reaches 93.60? well since t's not the strongest of zones it might get breached seeing the DXY trading lower. But just because it's not strong zone doesn't mean the market cannot bounce and reverse from this...