Gold is currently trading at $1,496 per Oz, representing 0.12% losses on the day, having hit a high of $1,501 in early Asia.
In my opinion, the price might be going downside as amid strong USD that might influence market sentiment.
Trade at your own risk.
In his first speech as prime minister,
Mr. Johnson expressed confidence that he would be able to renegotiate the Brexit deal that his predecessor struck with the EU but was unable to push through the U.K.’s Parliament.
We should see whether the deal will make turning points from the currency downside.
It has been an aggressive move in the last fortnight.
Still, no sign of bearish movement so far, and we expect the price to move up further once more
At least for another high.
We will see within this week, either plummet upward or else.
USD is making its move toward its economic calendar
As usual, stick with the plan; following the trend
Since the price still below EMA 50, no doubt that the market still in bearish mode
Heads up, manage your risk and happy trading
Drove down AUDUSD, despite rate hike making modes of movement to become dovish in driving up this pair. Technical side, Head And Shoulder pattern formed on higher timeframe making this pair more prone to bullish.
We shall see this opportunity in coming weeks.
Risk Reward ratio is high, place your order accordingly.
Price will make a decision in this area. Watch around 3000 USD or a little bit lower for entry as the price probably seek a little bit lower to make a "false-breakout"
All and all, happy trading, manage your risk wisely
Trade At Your Own Risk
U.S. stock futures declined with equities in Asia amid a potential escalation of tensions between Washington and Beijing, and after signs China’s economy remains under pressure. Treasury yields extended last week’s retreat and the dollar fell.
Oil in London extended its gains near $62 a barrel after OPEC and its allies agreed on production cuts and protesters...
According to market trend, GBPUSD is still in bearish move. Last week price movement indicates forecast for next week, which strong bearish candlestick pattern appear on WEEKLY candle. Let's see next week.
TP : Previous low,
SL : 1.33330
Technology are now rising to a greater extent. Thus energy company are now shifting to renewable energy even greater.
Usage of electrical devices is a necessity nowadays, with vehicle, public transportation are developing energy-efficient engine that drive their work.
It is believe that price will went up eventually, before thrives downward as future minds are...
As a result of positive USD prior to the dovish economic payroll data, USD looking a retrace from its bigger trend as for now.
It's been a while since AUD on the rise against Dollar, however in these few short terms it might be looking of returning to its middle park.
However look at bigger picture, UPTREND still unbeatable.
Prepare your margin, buy with...