Gold continues trading sideways inside of a triangle pattern. We already had some false breakouts and possible entries. If you don't have a trade yet, then do not rush! Wait for a breakout above 1817 - a breakout means price closing above this level! Once we see a breakout we could then look for short term trades with targets at 1829. This is a significant...
Right now we're looking at two options on EURUSD. Both of them for short trades. The first one and the most likely one, includes another push up today, price creating a higher high and entering the reversal zone. In this case we will make our entry only when we get a candlestick confirmation, such as long wicks or an engulfing candle. All sell ideas are off...
Yesterday we looked at the option for a rally to 1855. If you haven't seen it yet, then you can check it out: The move hasn't yet started and price is forming a consolidation and a triangle pattern formation. This could be a very good entry opportunity once we have a breakout. We have to make sure that price isn't making any lower lows but instead breaking...
Yesterday we saw sharp reversal on EURUSD and it's quite important to see how this move will continue. If we see a break below previous low then we would consider that the upside direction is coming to an end, therefore we will be looking for selling opportunities only. However, we're still in a bullish trend and there is a chance for another upside leg taking...
Yesterday we looked at a possible pullback and an entry with targets at 1,1850. Well, most of that move is now completed. What we have to do now is to move our stop if we're in a trade and to watch out for a possible reversal. We're expecting for price to actually break above the 1,1850 level, but just above it we have a significant resistance. Once market...
On Friday we saw a confirmed upside direction on GOLD which is still in play and price is currently holding sideways. That indicates a possible continuation and price most likely reaching 1855! A significant resistance level ahead of price is 1829. If you will be entering right now your stops should go below the most recent low at 1783. Once price breaks...
Not many moves during last week as everyone was waiting for Powell. The meeting is over and now it's time for entries. The event on Friday caused an ascending move which as of right now it looks like it will continue. Due to that climb in price we're currently in an uptrend on the H1. And this will be the case until price breaks below 1,1730. This will be...
Today we expect to see big fluctuations in price on GOLD during and after the Powell press conference. That will happen in less than 2 hours! After the event we would expect a more clear direction for a little longer period of time. If you've been following our analysis, you know what we expect in the long-term. Today we will be watching closely what...
Today we expect Powell's press-conference which at Jackson Hole. This will definitely affect price and provide us with some trading opportunities. However, short-term positions prior to that are quite risky. If you're looking for any day trading opportunities, I would suggest that you wait for that press-conference first. Before that we could see price...
The week continues without any major moves, but this could change today and tomorrow. Let's have a look again at our short-term expectations on GOLD. The current resistance is 1797 and if price breaks above it, then we could expect a continuation up to 1827. If you will be looking to get involved in this kind of setup, then you need a close above the...
We're expecting another downside move on EURUSD. We now have the zone at which we will be looking for short position and that's 1,1788-1,1828. In order to make an entry we will be watching each candle inside of this zone. Once the downside move begins another key level will be 1,1723. Price breaking below it will only confirm the drop. This level could also...
Right now price is pretty much moving nowhere without making any certain moves. That's why we're currently looking for short term opportunities. In conditions like this it's better to stay away or to risk less, because direction could change real quick. So here on GOLD, we're expecting to see reaction of of the support and price heading to 1826. This will...
This week begins very quite. The market is barely moving and it looks like it's waiting for something. We're expecting the Jackson Hole Symposium at the end of the week and it looks like that's when we could see some moves. Our analysis hasn't changed. Price possibly reaching 1,1800 and then a drop down to 1,1640. We will make our entry once this gets...
Although we've been looking for a drop on H4 and Daily timeframes, and that's been our idea for the past few days, right now there are no signs for a possible reversal. That's why we're looking at the short term opportunity for price to reach 1827! Yesterday price climbed up and we thought that we might see a reversal but instead of that market held sideways....
Yesterday we expected to see a little ascending move and then a push down. However the move was quite strong. That means we could see an additional push to 1,1770. Nothing has changed regarding the main idea and we're still expecting to see price reaching lower values- down at 1,1640. We're again, waiting for a candlestick signal to give us our entry point....
We're closely monitoring GOLD! Gold has finally reached 1800 and this is a significant level right now. We're expecting to see what is the next move. The main idea is to see what is price reaction in the resistance zone. Those are the levels slightly above 1800! If we see a rejection of this level and price leaving a wicks inside of the zone, than that would be...
On Friday we clearly saw the effect of profit collecting at the end of the trading session. We're looking at this as a retracement and now we expect another drop. This provides us with a decent selling opportunities from current levels or a little bit higher. A confirmed entry would be a reversal signal so that's why we will be monitoring each candle. The...
We stick to the same idea on GOLD. Even looking at the H4 timeframe you can see price holding in the last few days, which looks like a retracement and we could see one last push up. We will be looking for reversal signals around the 1800 zone. Another way is to see a breakout of 1770 and price directly going down to 1700. In this case, we would be looking for a...