DanvirSingh

DanvirSingh

GOLD is reacting to USD quiet a lot , Powell speech today may turn out to be a key factor , but looking at the trend and the chart , it seems to be falling down and test the support at 1811 -1805

DanvirSingh

I see that a local resistance area was not able to be broken , price will fall to the lower support of the trend.

DanvirSingh

With the US inflation data on high priority , pound looks at weaker position as bears are near to take the control It is facing a strong resistance , been supported by a local support level created , which will break soon and it will fall

DanvirSingh

A double resistance zone is being formed , though price is supported by a channel , but narrowing resistance will make the price fall , so we open a short here

DanvirSingh

It seems to have broken the upper trend , so we will go for short position for here , also a bearish engulfing happened so opened a short position

DanvirSingh

GBPJPY is at resistance zone , it will fall . We will be ready for our short position.

DanvirSingh

Price testing the support and consolidating , I expect a pullback to resistance