There is potential for gold to continue its upward trend and push up 30 more pips from current pricing area before seeing a steep retracement back downwards. A move forward may be triggered by tomorrow's USD GDP announcement as well, which is expected to temporarily weaken the US dollar. Current MA Indicators are still showing strong signs of bullish movement. I...
Expecting UJ to slowly break into a buy after staying within resistance and support prices 132.600 and 131.600 since early Monday. MA convergence here + indicators show signs of a nice upward movement. I am also expecting the 10-year bond auction today to favor USD as well, which should drive prices for the short-term. Buy Entry: 133.000 Targets: ...
Expecting UJ to continue its downward trend for at least another 100 pips before we see a potential reversal or trend change. The 4 hour chart shows a high potential for a continued sell under 131.700 which has acted as a strong support price. Sell Entry: 131.700 Targets: 131.450 | 131.000 Support: 130.685 Be sure to like this post and let me know what...
Expecting Gold to go into a buy on the hourly chart if price 1870.00 is broken. The price has acted as a strong resistance point after Friday's rise due to USD employment rate data release. If the pairing does go into a buy I am expecting retracement at price 1878.00 , then to continue onward to resistance. I have based my analysis on the last time Gold saw...
I am expecting Gold to see some retracement after a rise to price 1860.00 . MA's are currently rallying at the current price point and once they converge we should see a push downwards. There is a strong likelihood that the dollar will continue to gain strength in the next couple of days which will weaken the price of Gold . Sell Entry: 1848.00 Targets: ...
Hello and Happy New Year to everyone! UJ is due for some correction, and I expect to see a nice push upwards after steadily dropping from price 134.400 since last week. Moving Average indicators are signaling a nice movement up from here as shown. If the pairing does break into a buy, I am expecting a bit of retracement around 132.600 area to eventually...
Expecting USDJPY to continue its downward motion after Monday's price dump due to BOJ's Monetary Policy Statement and press conference. Tomorrow USD announces its Final GDP data and Unemployment Claims + BOJ releases National Core CPI data and Monetary Policy Meeting minutes which may further strengthen the Yen causing more sell-offs. I have based my analysis on...
UJ has slowly been gaining momentum since the 700-pip drop last week due to the BOJ Monetary Policy announcement. The pairing finally saw a strong directional bias today after ranging between small resistance and support price points. The 4 hour chart seems to be showing a bullish bias. Expecting the price to continue to push up, even if slowly. Entry: 134.500...
Expecting Gold to break into a buy after consolidating between prices 1812.00 and 1820.00 . Market indicators are trending towards bullish movement, and USD economic announcements that are set for the next couple of days may potentially weaken the dollar thus strengthening Gold . I have based my analysis on the last time Gold saw current price points in June...
US releases employment data tomorrow at 8:30 am eastern. Expecting the news release to weaken the dollar against a strengthening Yen causing a spike downward. I have based my analysis on the last time USDJPY saw these prices in late August of this year. Sell Entry: 135.000 Targets: 134.800 | 134.000 | 134.000 | 133.650 | 133.200 | 132.750 | 132.400 ...
US releases employment data tomorrow at 8:30 am eastern. Expecting the news release to weaken the dollar which would cause a spike up in price. I have based my analysis on the last time Gold saw these prices in July of this year. Buy Entry: 1804.00 Targets: 1812.00 | 1817.00 | 1820.00 | 1825.00 | 1828.00 | 1832.00 | 1835.00 Resistance: 1840.00 Be sure to...
Expecting Gold to make a bull move after the USD Consumer Credit data release this afternoon. I have based my analysis on the last time Gold saw current price points in July of this year. Buy Entry: 1788.00 Targets: 1792.50 | 1795.00 | 1798.00 | 1800.00 | 1803.00 | 1806.00 | 1809.00 | 1811.50 | 1814.50 | 1817.00 | 1820.00 | 1822.50 Resistance: 1825.00 Be...
Expecting UJ to continue short after a drop this morning due to the USD Revised Labor announcement. The USD Consumer Credit data release this afternoon could spark more bearish movement. Sell Entry: 136.300 Targets: 136.070 | 135.840 | 135.640 | 135.400 | 135.050 | 134.860 | 134.640 | 134.300 | 134.060 Support: 133.760 Be sure to like this and tell me what...
Since the rumored BOJ intervention at price 152.000 , USDJPY has struggled to continue bullish movement and has only pushed further downward. The market seems to be flipping over into a bear after constant movement upward since March of this year starting at price 115.000 , to the yearly high of 152.000 in October. MA's are currently converging which is a...
The BOJ is releasing Core CPI data in about 2 hours, and I am expecting it to have a bearish affect on price after seeing a nice rise on Sunday's market opening. May not see push down until London and US sessions. There is a nice MA converge here signaling movement ahead. Entry: 141.300 Targets: 141.135 | 140.850 | 140.700 | 140.540 | 140.250 | 140.025 |...
XAUUSD has had a bearish year, starting off strongly at the top of the year with prices over $2000 all the way down to the high 1600s at certain periods of time. Gold has slowly but surely been regaining its value, and I expect the upward momentum to continue. I have based my analysis on the last time we saw current price points in August 2022. Buy Entry: ...
Looking at a short-term buy idea starting at about 148.800 . Based on the chart trends and the most recent BOJ intervention price drop, there is a high-chance of rejection after 149.400 . Buy Entry: 148.800 Targets: 149.000 | 149.250 | 149.400 Resistance: 149.700 Be sure to like this post and let me know what you think in the comments below.
Expecting Gold to continue to shoot up against a weakening dollar, although we may some retracement first to satisfy the latest bull run. I have based my analysis on the last time Gold saw current prices around October 10th. Sell Entry: 1674.00 Targets: 1676.00 | 1678.50 | 1681.50 | 1684.00 | 1689.50 Resistance: 1691.50 Be sure to like this post and comment below!