The 1780-85 support held price again. Yesterday we had another bounce of that level. This way the support zone gets even stronger. That means if we see a breakout of this level, then we could expect a sharp move to follow. So make sure to watch out for this support and a possible breakout! As of right now, we're not looking for any buying opportunities on...
We had an upside impulse yesterday. but the 1,1850 level managed to hold price. Then we had an impulse in the opposite direction which took price back at a lower levels. That whole move confirms a downside direction. Market closing below 1,1800 will mean a sell opportunity with targets at 1,1730. The 1,1850 remains as a key level on this H1 trend and that's...
The idea of a downside move is still there. The 1785 support is also still valid. We are expecting a breakout of this support so we can then get involved into a short positions targeting 1748. Entries before that are considered risky! A breakout means price closing below the level - in this case even below the wicks that have tested this level multiple times....
The downside move on EURUSD is still valid. Yesterday we saw a drop to 1,1760. Then we had an upside impulse which is currently testing the resistance above 1800. While price is still below 1,1850 then the downside direction is still in play. If market goes above that level then that would be a reversal signal. That's where we should be placing our SL as...
The short answer is YES! If you're trading GOLD then you've probably red many articles saying that price will accelerate. This will most probably happen, but the question is when. Timing is a key factor in trading. Looking at the hourly chart, we can clearly say that we're not expecting rise in price. A much better opportunity right now is to wait for a break...
During the last week we've been constantly talking about a possible reversal on EURUSD and potential selling opportunities. If you have an active trade, then you can let it run and move the SL to breakeven. If you don't currently have one, then we should get another entry again. What we're going to be looking for is for price to break below the last week's...
Price is in a downtrend on the H1 timeframe. It tried to go above 1800 again, but it didn't take long for another drop. That only shows us that there is a higher probability for a downside continuation and price possibly heading to 1748. As soon as we see a break and close below previous low and the 1787 level, then that's going to be our confirmation for an...
The downtrend is still valid even after the ECB Interest rate decision. We had about 50 pips move in both directions. Now we're waiting for this downfall to continue and to see price reaching 1,1760. If this trend will continue then we shouldn't see market above 1,1885. Once we see price breaking below 1,1800 that will give us even more confirmation and also...
If you have been following our daily analysis, you should know that we expected a trend reversal on the hourly chart from 1,1900 We are currently in the next key moment for EURUSD. There is less than an hour left before the interest rate decision from the ECB, and that will be followed with a press conference 45 minutes later! That will lead to big...
We can now say that the downside move on GOLD has began, or at least on the H1 chart. It has even reached the first support at 1784. But that's not all! We're expecting that this downside move will continue. The next level for price should be 1748. That's about 40$ move which means it will take some time and price will make a few pullbacks, but that's the...
Yesterday we had a breakout of support at 1806. As we already know that gives us the opportunity to see price down at 1784 as first support and maybe even lower values in case of another breakout. When should we sell though? If we don't yet have any active short positions then we need to find out which will be the next resistance level which will push price...
We've been looking for a possible reversal since the beginning of the month here on EURUSD It looks like this has happened now. We can see lower highs and lower lows. However, this can be seen on the hourly timeframe only. What can we expect right now? We expect a downside continuation and the first support level is at 1,1760. This level will most probably...
The unclear signals on GOLD continues! Price is currently at the 1806 support and if we see a breakout, that means price is probably heading down to 1784. Entering before a break and close below doesn't make much sense right now. What you should do is wait for a break and retest of that level and then get into a trade. That way you'll have a higher probability...
The key levels from yesterday, are still valid. We need to see a clear breakout so we can look for an entry opportunity. A drop below 1,1853 will most likely mean a trend reversal on the hourly chart and a sell signal. We can also look for a break and retest of that level to give us the right entry moment. If market goes above 1,1909 that will confirm the...
After the news on Friday, we saw a 20$ move on GOLD, but then again everything went back to normal. It looks like today will be another quite day considering the holiday in the US, but we're still paying attention to the important levels. The support zone is the zone in which price spend the most of last week 1807-1820. There is a big chance that we could see...
EURUSD is at a key moment. After the NFP news on Friday, first we had an upside move but then a quick drop. Now, we want to see a close outside of the 1,1864-1,1909 zone. Once we have a close below this zone followed by a retest, then we can enter a short position. You can look for a close below the previous low as an extra confirmation. If we have a close...
GOLD has been moving in a range of 15$ for a whole week now. This is not unusual but normally after such a thing price tends to fluctuate a lot. We could see a breakout tomorrow during the NFP. Right now we're in an uptrend on the hourly chart and it's more likely to see price continuing in that direction. The first resistance is at 1829. However, it's...
We had to wait for NFP to cause some moves in price action, so we can finally see GOLD breaking out of its range. We can already see price moving due to the news. We have our closest support and resistance and we need to see in which direction it will breakout. As you already know that means for price to close below/above those levels on the hourly (at...