If you've been following our analysis, you know what to expect from GOLD In order for this to complete, we will be following for a breakout of the next support levels! The first key level is at 1759. A drop below this level will confirm our analysis and it will result in a further downside move. The next significant level to watch out for is 1745. A breakout...
Yesterday we pointed out the sell zone on EURUSD Right now, we're looking for possible rejection of current levels or another test of that zone. In bot scenarios we expect to make an entry today. We will wait for a clear confirmation. Targets are below 1,1525. You can follow the development in our daily analysis. Support us with a comment and like this post!
GOLD is still trading between 1760-1800. While it's there, we're not looking for entries. We would rather wait and trade other opportunities. We're still expecting the next drop and nothing has changed compared to our previous analysis. "In case of a break below the previous lows, we will sell and aim for the levels below 1724. If it goes to the upside, we will...
As of right now EURUSD has been moving totally as expected. We have our sell zone which will be reached very soon. In this case we don't recommend using pending orders. We're looking at an impulse move which means, we could find a better entry level if we're following price action. If we manage to enter a trade, we will be aiming for a breakout of the low at...
Last week we saw big fluctuations on GOLD. We've been mentioning the sell opportunities all the time. The case is still the same. In case of a break below the previous lows, we will sell and aim for the levels below 1724. If it goes to the upside, we will look for reversal signals and sell again with a target below 1724. We do not recommend entries at current...
This week we will be looking for new selling opportunities on EURUSD. For now, the main and preferred option is to see another rise to the 1.1640-1680 zone and from these levels, we can expect a reversal. However if we have a drop in price today, we will look for entries at a lower levels. We expect a breakout of 1.1525 and continuation of the downside move. DO...
Yesterday we saw that it's not the time to buy GOLD and we still believe it. Today we already had a 30$ decline. That's a good moment to move stops or collect profits for all sellers. In order to confirm the move and to be able to make new entries, we will look for a breakout of the 1757 level. A drop below this level will allow for sales. Before that we can...
Like we said yesterday, we expect a pullback to 1,1640 The 1,1640-1,1680 is an important resistance zone and from there, we will be looking to sell. This could happen today, but only if we get a clear entry signal.
Should I buy GOLD? - this is the question that we mostly get right now. Here is the answer Yesterday in our analysis before the FOMC we expected a wick to around 1790 and then a drop. If that was the case we would’ve enter a trade. But even before that on the publishing of the CPI we saw sharp move to the upside without price going back down. That didn’t give...
Yesterday we had an upside impulse on EURUSD. This move began a pullback to 1,1640. We won't be looking to buy, but instead will be following when this move will end so we can then find some selling opportunities. In such times we have to be patient or to focus on other instruments that provide us with better setups.
We have been mentioning today's events since the beginning of the week. The main scenario before FOMC Price going up to 1790 and then a bearish candle close with a long wick to the upside on the H1 timeframe. This is when we will enter a trade. NOT BEFORE THAT! Targets below 1725. Stops above 1810 or above the wick.
FOMC Minutes are due today. This will affect price and during the publishing of the numbers we will see bigger fluctuations. Technically, the pullback has ended and we can expect the next move down. As long as price doesn't go above 1,1590 we should see this downside move continuing lower. The first target level will be 1,1475. This is NOT a trade that we...
Yesterday's analysis remains the same. After the rejection on Friday, price is currently trading at support. This is not a moment to open new positions! We will be selling again once we have a clear breakout of previous low, or if we see price with another push into our sell zone. In case of a breakout of previous low, we will definitely have better risk to...
As we saw in our analysis yesterday, we expect the downside move on EURUSD to continue. However, that doesn't mean we won't see any pullbacks, which is in fact what we're waiting for in order to make an entry. Right now, we're looking at an entry from 1,1618 and there's two options. The first one takes less time but carries more risk. We can use a pending...
Our analysis on GOLD from Friday got more than 100 likes! Thanks for the support! After the rejection on Friday, price is now at support. If you currently have any short positions, make sure to move your SL, however this is not a moment where we should open new positions. We will be going short again once we see price breaking below previous lows, or if it...
We are currently in a downtrend on H1. It started over a month ago and we expect it to continue. However, we need to see a pullback. Right now we expect this pullback to our sell zone 1,1620-1,1640. This will be the moment where we would expect a possible reversal and an entry opportunity. This is not an analysis which will complete today! This analysis shows...
We've been waiting for this push on GOLD for a whole week now A push that takes price up into our sell zone 1777-1790. As soon as we get an entry signal we will enter short with stops above 1810 and targets below 1725! Those signals could be on the H1 timeframe as well! Market closing below 1756 will only confirm our idea, therefore we can add to our...
Everyone who has been following our daily analysis knows what we expect from EURUSD As of right now everything remains the same! The key resistance is 1,1580 and once price rejects it, this will be our entry with targets down to 1,1510. Entries before NFP are quite risky and not so reasonable. We did have some good opportunities, but now we have to wait. We...