Yesterday analysis If you have been following our analysis, you should know that we're looking to sell GOLD since the beginning of the month and we have been consistent with our idea Sometimes it takes a little longer for an idea to complete And sometimes it happens right away At the end of the day the result is what's most important! And the result is...
Once again we are going to look at the analysis from last week. (All the analysis are on the H1 timeframe and they show the main price direction) EURUSD has now reached the first support at 1,1680 and everyone who has short positions could wait for the continuation or at least move SL to breakeven. If you're looking for entries now, we suggest to wait for the...
Let's begin with this analysis from last week - 22nd of September This current situation is very similar as well. We expect the next move down to reach 1726. We could see price moving upwards, but in case of a candlestick formation signal we could be looking for entries. We don't recommend entering at a current price levels and using those targets due to the...
The downtrend that started in the beginning of the month continues. However, that doesn't mean we shouldn't see any upside move as well. Especially for the intraday traders, a move of 50-100 pips would look like a reversal. That's why it's important to be able to identify the trend and a potential reversal. We're now expecting for price to go below last...
Yesterday we talked about the drop on GOLD We are now over 20$ lower, and we're yet about to see the drop. We're looking for a move down below 1730, and we will point out those lower levels in our analysis on Monday. We've said many times that we should be trading what we see and not what we want to see because we've got a certain trade open. Right now...
We had rise on EURUSD yesterday. However, price is still in a downtrend and we're expecting a continuation in that same direction. That means we could see a little higher values before price drops and breaks below previous low at 1,1688. In case of price going up to 1,1800, then we could be looking for short entries, by making sure we have candlestick signal to...
After yesterday's news we saw some moves but not a clear direction. We're expecting this to continue, but then a further drop to the downside. If you're trading on the lower timeframes then you should know that we might see price up at 1800, but this is not a level at which we will buy. Instead of that we would be looking for a possible reversal and short...
Yesterday we saw a drop on EURUSD and price breaking below the previous low. That confirms the downside move. We're now expecting another drop heading down to 1,1630. This idea is only valid as long as price doesn't break above 1,1755 and that's where you should have your SL. Once the downside continuation begins and we see price breaking below 1,1680, then we...
As expected GOLD has reached the resistance zone at 1780. Now we are looking for the next move. It all comes down to the FED interest rate decision. Technically speaking it looks like price will continue lower and below the previous lows. However, DO NOT use big lot size before the news! Entries a little after the news will be more confirmed. In case of a...
The sideways moves on EURUSD are still there. That's something usual before such an important events. Today we will see if this downtrend will continue or there will be a reversal. That's why a big portion of the players are stepping aside and not getting involved in any positions. We do not recommend to enter any long term trade ideas before the events...
GOLD has gone up with 25$ from this week's lows. Right now, it's breaking above previous highs and most probably, a lot of people have noticed inversed head and shoulders pattern. The question is, if this will reverse the whole move or is it just a correction? We're looking at a downside continuation. That means that any upside move shouldn't go above 1780-85...
The most important news for this month are due tomorrow - the FED interest rate decision. Usually, before such a news price is trading sideways and we shouldn't be entering trades with a lot of risk. That's what we're expecting now as well - slow price action which should find it's direction after the news. We are currently looking at a downside direction and...
This week will consist of two parts. The first half of the week is not expected to be very exciting, but more of a sideways trading and slow price action. However, in the second half of the week we should see some big moves and lower values on GOLD. The first support level to watch out for is still 1735 and we probably won't see a breakout in the next 48 hours....
Price completed all of our expected targets last weeks and it's currently holding. The next level for this pair is 1,1680. This is the main support level right now and it should hold price for a little while. That means that we could use this level to collect some profits, wait for a break and retest and then use it to enter again. Also, from that level we...
Yesterday GOLD has reached the 1748 level, something that we mentioned before. Now it's time for the next target. Although price is currently in a pullback, we are expecting to see a downside continuation and a break below yesterday's lows. Once that happens, then we should see price down at 1735. At this level we would expect price to hold for a little...
The important level that we were waiting for was 1,800. Price has broker below and it was holding below 1,1850 before that, keeping the downtrend direction. Now we should see this move continuing down and reaching its first target at 1,1730. In order to keep the same direction we shouldn't see price above 1,1825. The best entry technique here would be to wait...
We can say a lot about GOLD and its current moves, but we have actually said it all before in our daily analysis: 7th of September: 16th of September: and all of the other ones as well. Now we're just waiting for price to reach our first target. In the next hour we will see the Retail sales numbers and that will just bring more volatility to the market....
The important level to watch out for is 1,1800. If price manages to close below it today, then we would expect 1,1730 as our first target, We can make an entry on the break and retest. All stops have to be above 1,1850. Today we also expect the Retail sales for the US and that will most likely cause some moves as well. The main direction is still to the downside!