BoiyRicer

BoiyRicer Updated 

FX:XAUUSD has broken all 15m 30m 1hr and on 4hr chart it also closed above DC, whenever DC's upper line has been breached on a higher time frame like 1hr or 4hr chart, it represents high chance for further breakout to the upside, be expect a big wave coming ahead. Current breakout is further validated by the breaking of the recent downtrend, altogether...

BoiyRicer

FX:XAUUSD Breaking down of DC on 1 hour chart on FOMC night confirms the end of the recent upside movement for XAU, bearish sentiment ticks in immediately after the long waited correction since the steep uptrend started since April. Looking into Daily, FX:XAUUSD also breaks DC bottom @ 1845 area and closed around 1811. This further verifies the START of the...

BoiyRicer

FX:XAUUSD After last Friday's strong upsurge only further consolidates XAU technical bullishness, yet closing in to a major resistance @ 1850-1860 area puts XAU bulls in challenge and testing their patience. Judging from 30 mins chart XAU has breached DC upper line @ 1837, forging positive uptrend development though it did not follow through with instant...

BoiyRicer Updated 

FX:XAUUSD Since it's breaching of 1760-1764 resistance, XAU has been invincible all the way until close to 1800 psychological barrier where it attempted twice until it successfully break out on its 3rd attempt, closing @ 1814 levels yesterday. Looking at longer time frame XAU upside looks like to be capped at the strong downtrend channel, unless there are...