GoldEW

GoldEW Updated 

Gold has bounced firmly from the $1700 level and are back to flat as the USD pulls back from highs. The precious metal has mostly traded as a function of USD and higher yields has not hurt it too much. Spot gold prices have bounced pretty firmly from the $1700 level and are now trading in the $1720s again, where they are back to flat on the day. Gold bulls will be...

GoldEW

Gold is seeking higher support, preferably at $1,720 ahead of the upswing toward $1,800. A technical breakout from the falling wedge flipped the trend bullish. XAU/USD will fail to reach the potential target if support at $1,720 and the 100 SMA is broken. Gold is setting up for a colossal move to highs around $1,800. Appears to have flipped from an extended...

GoldEW

EUR/USD is consolidating around the mid-point of Friday’s trade close to 1.1950. The pair has largely ignored Eurozone fundamentals, conforming instead to US dollar dynamics. EUR/USD is consolidating around the 1.1950 level as volumes die down ahead of the weekend. That puts the pair around the mid-point of the day’s trading range; EUR/USD started the session in...

GoldEW Updated 

EUR/USD is ending the week in the low 1.1900s, down more than 1.3% on the week. That means the pair is set for its worst week since October 2020. Further increases to the euros interest rate disadvantage ensured the single currency struggled against its peers. EUR/USD has been going sideways over the past few hours in the low 1.1900s. After coming under strong...

GoldEW

Gold is still holding in the channel Flag at 1719 is supporting zone. confirm buy from 1725 for target 1755 -1810

GoldEW

The GBP/USD pair trades in the 1.3900 price zone, with a neutral-to-bearish stance in the near-term. The 4-hour chart shows that the pair spent the day hovering around its 20 and 100 SMAs, both lacking directional strength. The pair is now speeding down below them, favoring a bearish extension. The Momentum indicator is piercing its 100 level, while the RSI hovers...

GoldEW Updated 

Last week, Gold price already retest low at 80% of C in Daily and Weekly @1686 area. 2 scenarios for Gold in coming weeks: we are still missing one leg in smaller TF (4H) 1. The price will range at 1723 - 1685 for a Flat pattern (Sideways) and make double bottoms and found the bottom at 1685, not making lower low. 2. The price cannot break 1709 (61.8%)...

GoldEW

DXY accelerates the march north and clinches new yearly highs just above 92.00 the figure on Friday. The continuation of the uptrend looks likely in the near-term. That said, there is a minor hurdle at 92.46, where sits a Fibo level of the 2020-2021 drop. Further up comes in the always relevant 200-day SMA at 92.93. A break above the 200-day SMA (92.93) should...

GoldEW Updated 

USDCHF seemed to be finish on wave (iii) super extension, looking for correction small (iv) of 3 soon, Sell @0.9300 for target @ 0.9000 - 0.8700 Stop loss @ 0.9600 If you like this analysis, please give comments or like.. :) Thank you

GoldEW

The price of USDJPY may correction in wave 2 soon, Sell set up @108 for target @107 - 106.5 Stop loss @ 105.500 But overall trend is still bullish which I target at around 109 -109.5 Please leave your comment, or like if you like this analysis. Thank you

GoldEW Updated 

EURUSD will complete C Sell Set up for target 1.19000 Stop Loss 1.21500 If you like this analysis, please give like or comments. Thank you :)

GoldEW Updated 

Gold in Daily is on ABC ZigZag of 4th correction waves. B ZigZag is strong b, c fail - so we expect C will be Elongated at around 100% Fibo 1649 or could extend to 161.8% 1618-1620 Every bounce to resistance Trending would be a good sell setup. But once the price retracement above 1820 would be Bull territory.

GoldEW

EUR/USD has extended its falls and struggles around 1.21 as the risk-off mood and elevated US bond yields favor the dollar. Support below 1.2110 awaits at 1.2080, 1.2055, 1.2025 and 1.20. Some short-term resistance awaits at 1.2150, a peak recorded earlier in February. It is followed by 1.2183, the daily high, and by 1.2220 and 1.2145. Please leave comment, :)

GoldEW

The Relative Strength Index on the four-hour chart is just around 30, near oversold territory. While pound/dollar dropped below the 50 Simple Moving Average, it bounced off the 100 SMA and trades well above the 200 SMA. Only momentum, which flipped to the downside, serves as booster for bears. Support awaits at 1.39, the daily low, and then by 1.3860 and 1.2830....

GoldEW Updated 

Entry 1770, stop 1760 1st Target 1815 2nd Target 1830

GoldEW

Follow my previous analysis in USDJPY, The 5th wave is completed, and it is correcting at B wave - looking for sell at 105.7-105.8 for target @104.600+/- (Stop loss at 106.2)

GoldEW

Double non-standard motive waves from 1760 -1815-1816 I am expecting a correction at 38.2% = 1796-1795 Stop loss @1820

GoldEW

Gold is consolidating the recent bullish impulse, but the 15-min reverse H&S is an extra conviction for prospects of a continuation. $1,817 and $1,820 are on the bulls map. As per the prior analysis, Gold Price Analysis: Bulls target $1,820, 1-hour Momentum points to meanwhile correction, did indeed decelerate to a measured target of the 38.2% Fibonacci...