DragonCaptain

DragonCaptain

Price action remains bullish. At break above 1.18900 level retraced back to the level. Providing another opportunity to buy till the target 1.1950 level at the top.

DragonCaptain

Gold held the support level at the 1800 level. Found good demand to reach 1840 range. Gold remains within a familiar trading range, lacking a clear directional bias, as indicated by Wednesday's Doji candle. However, the risks remain skewed to the downside, with the $1800 level still in danger. The selling momentum could accelerate on a break below the 200-daily...

DragonCaptain

GOLD has been sloppy quite easily predictable amid vaccine reports and G20 hints public rollout of the vaccine. Breaking the resistance point at 1850 Gold has found its ground at the 1800 level where it has strong support. High times for gold are over but downward push needs a roll-out of vaccine publically.

DragonCaptain

I have explained the possible scenarios upcoming for the Gold this week. The move is not strong against the trend, over we are bearish but still, some concerns can play on bulls. confirmation for Bearish Move - Strong Vaccine results and production reports, Economic reopening.

DragonCaptain

I have explained the possible scenarios upcoming for the Gold this week. The move is not strong against the trend, over we are bearish but still, some concerns can play on bulls. Scenario 1. Bullish Move - Amid 6 week US lockdown, Vaccine Questions, and the Stimulus package. Scenario 2. Bearish Move - Strong Vaccine results and production reports, Economic reopening.

DragonCaptain

GBPJPY is set to move higher towards earlier at 140.00 level. Amid strengthening GBP demand. A strong bullish breakout sherd off its 50% gains but sustained well the support at the 1.37500 level. A strong buying opportunity for long term traders to target the 140.400 level is waiting. DragonCaptain.

DragonCaptain

GBPUSD MOVING NICELY UP TOWARDS 1.3400 CHANNEL AGAINST ITS COUNTERPART USD AMID LOCKDOWN CONCERNS. MOVING FROM 1.28500, CONTINUING ITS UPWARD MOVING WITH GREAT MOMENT.

DragonCaptain

as you can see XAUUSD broke the long trend and It has formed a descending channel and a triangle After the breakdown of the horizontal support line, 1855- 50 price level and next we will see target 50% Fibonacci level. Good Luck

DragonCaptain

Hanging results of US Election and record-high covid cases recorded in the current week is Feuling major currencies. The price action has broken above the resistance and the next target is the 1.34000 level.

DragonCaptain

Amid strengthening USD with Baiden win on sight, USD with a flourish against major currencies. Techincal points have been highlighted. Good luck with your trade.

DragonCaptain

1. Election result in uncertainty will fuel the bulls. 2. Stimulus package is obvious with Baiden will push the metal lower. 3. Stable and predictable economic policies, Paris accord and china deal will make the economic outlook better. So blue is red for Gold. Stay updated with us.

DragonCaptain

Gold has broken the wedge channel and could not sustain the psychological level at 1900. Falling all the way to 1850. Selling pressure remains intact till 1817 level support. Good luck with your trade.

DragonCaptain

Hit the Like 👍👍button to show your support 💖🙏 _____________________________________________________________ AUDCAD flourishing in the ascending channel, upvoted from 0.9000 level- gaining almost 600 pips upwards. Now trading in consolidation, the range trade has had break below to hit the 0.9440 level. Good luck with your trade. Channel trade is still intact. The...

DragonCaptain

Hit the Like 👍👍button to show your support 💖🙏 _____________________________________________________________ The reason behind the Gold movement; reality is that the US dollar is starting to put up a bit of a fight against many assets around the world, if that is going to be the case it is hard to imagine the gold will not get a bit of a pullback as well. We have...

DragonCaptain

We have achieved our target and next to the next target for USDCAD broke above the downtrend line price now trading at an uptrend price above around 1.3240 and we can sense a decreasing of bearish momentum so it expects the bullish movement to resistance level around 1.3550 then to supply zone around 1.3400. Good luck with your trades.

DragonCaptain

EURUSD range trade has ended up breaking below the 1.2000 range, and turn its head down towards 1.1500 level as the USD is getting stronger. We will keep you update and enter the sell trade at 1.2000 level and wait for it it breaks below the hold up the trade. The next moves in pullbacks and range has been marked on the chart. Good Luck.

DragonCaptain

As discussed earlier, the BTCUSD price breakout of the channel, breaking the lower channel trend line. Price has formed a bearish flag with low buyers strength, predicting for another perfect sell oppurtunity. Price has consistency resistance at 11700 which is the previous rang support. The next support price can find at 9900 levels with plenty of demand waiting,...

DragonCaptain

As we have described in our previous analysis, NZDUSD price breakout of the trendline, breaking the lower channel trend line . We have set two targets T1 and T2. Target one price has hit. Price has consistency resistance at 0.6690 which is previous range support. The next support price can find at 0.6500 level with plenty of demand waiting, the overall trend is...