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...
The downside move on EURUSD continues. We have lower lows and lower highs. Now we are waiting for the next drop. The furst support level is 1,1640, and the probability for a break below is now higher. That's why we need to find out where is the next support. If you're selling you could use 1,1610 as your target, but mind that first support level as well....
Nothing has changed with our analysis on GOLD. We're expecting price up at 1800 and then a reversal. We currently see not a lot of movement, however we all know that this can quickly change. We can see a move of 50-100$ in a matter of a day. As of right now everything is as expected and we're waiting for that rejection of the 1800 zone. After a certain...
EURUSD has now broken below 1,1700 as expected Right now is a good moment to see a pullback and then a continuation of the downtrend. We've already said in our daily analysis that our first target is 1,1640. You could also move your SL if you have any short positions and to look for another entry on the pullback around the 1,1700 level. Follow us to find out...
Today we're expecting the FOMC Minutes, which are very likely to cause some moves in price. In the last few days we've been talking about a possible reversal on GOLD. This will be a good moment for such an event. We could see price fluctuating and then maybe a downfall in price. The ideal scenario is still seeing price above 1800, then to wait for a reversal...
11th of August We could say that the 1,1640 level now looks totally possible. After the impulse yesterday, we now expect a pullback and another drop. This will be the moment to enter short for those of you who missed the opportunity yesterday. Stops must be above the impulse move and above 1,1785. The first target is 1,1640, but we might be looking at a...
One of the hot topics right now is GOLD. What we've been saying lately is that we should see another drop in price. However, this is not changing our long term expectations! We're looking for a downfall below 1700, but that would mean that price shouldn't go above 1830. Right now we're at the 1800 resistance and if there will be a rejection, then it should...
On Friday we saw EURUSD with an impulse to the upside due to the economic news. That could continue throughout today as well. However it is not expected to be the beginning of a long term trend. That's why if you will be buying look for targets around 1,1840-50 but not any higher. From there we will be looking for exhaustion in price and possible rejection....
Here we have very similar situation like the one on GOLD that we looked at yesterday. Even the levels are pretty much the same. Right now EURUSD is doing exactly what we said in our analysis from Monday. We're still expecting a rise up to 1,1840-50. That's the level at which we will be looking for possible reversal and selling opportunities. Should you buy...
When we talk about GOLD everyone has got different expectations and in fact all of them could be true. What's important is to select the timeframe on which we have those expectations. The main idea on GOLD is that due to an increasing inflation the price of the metal should increase as well therefore to see ATH. And that's right. We're also expecting to see ATH...
Every day we send out analysis on the hourly chart expecting price to reach 1700 and because there's pretty much nothing happening on the lower timeframes, we will have a look at the H4 chart. We should point out the two major resistance levels. The first one is in the zone below 1800. This is a strong resistance and if price continues above it, then that will...
After price reached the target of 1,1710 we then looked at the possibility for the next target- 1,1640. However, prise has been moving in a range of 30 pips for two days now. That means there's equal buying and selling pressure and it's very likely to see a few misleading moves. First we could see a drop down to 1,1700 just so more sellers could enter the...
On market open this week we saw a downside impulse on GOLD. This has been going on for the past 4 days. We're expecting a breakout in either direction, but a downside move to 1700 is more likely to happen. This is a good opportunity to look for short positions with a good RRR. As always our entry is based on current market state. The best way to enter would...
Yesterday we shared with you the possible retracement and the new target on EURUSD. Now we're going to see when to make an entry. Everyone is looking for the best possible entry. We all want to open a trade and to se price going in our favour immediately. In order to do that we have to be patient and to follow price action closely. We should be looking for...
The effect of the USD news is coming into play and we see price accelerating. However we expect this to be just another opportunity to sell GOLD. The target remains at 1700! In order for this move to have enough strength for a downside leg we shouldn't see price above 1766. We will be watching out for an entry signal on a candle close! You can see how this...
Yesterday price reached its target of 1,1710! Today we've got CPI for the USD and possibly some fluctuations again! Right now is a good moment for a pullback and another downfall. In this case we will be expecting price breaking below previous lows and then reaching the lowest values since November, 2020. A suitable TP level is 1,1640. Once we see market down...
On market open earlier this morning due to a low liquidity and many sell orders the price of GOLD plunges with $80 in a matter of a few minutes. This is not the first time that something like this happens. Those of us who have been trading for a little bit longer have seen situations like this before due to a low liquidity on GOLD. Here's another one of those...
Yesterday we pointed out the opportunity to sell on GOLD. Price is currently 15$ cheaper, but there's still a 30$ move to the target of 1700! For those of you who managed to get involved yesterday, you can now move your SL, and if you're currently looking to enter then make sure to place your SL above 1755. In case of a downside impulse, then we will be...