Goldsignal75

Goldsignal75

XAUUSD Will Keep Growing Target For Buyers after downtrend inverted hammer See the graphic for my analysis of gold. I am preparing for a potential sell when the market retraces to levels near 1700.

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BTC double top pattern and bounce off 200-week MA resistance  RSI strong bearish below 40 and 30 level support if break down 30 further down 

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Gold has a downward trend in the short term support 1650 scope RSI testing triple bottom strong bearish  It is good to wait till gold closes below the $1674 level in the weekly chart (today).

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RSI and Stochs confirm bearish rollover from overbought levels, bias is lower Upside remains capped at 5-DMA, scope for dip till 21-EMA at 141.12.

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Gold showed a massive sell-off yesterday and hits the lowest level since Apr 2020.US dollar is staying in a range bound after mixed US retail sales. Markets eye US UoM consumer sentiment for further direction.

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Gold Momentum is strong bearish and RSI below 30 mark strong bearish near term support 1660 a close below targets $1655/$1650/

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EURUSD declined after a minor pullback above the 1.000 level.US PPI for August declined by -0.1% in line with expectations.

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Markets eye US retail sales and empire state manufacturing index for further direction. The overall trend is still bullish as long as support of $1680 holds.

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we see an attempted test of the 1677 liquidity zone, the price fails to reach the important zone by a few dozen pips and forms a pullback.

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EURUSD plummets sharply after upbeat US CPI data. The US inflation for Aug dropped to 8.3% YoY Compared to a forecast of 8.1%. Core CPI surged 0.6% over the month, to an annual rate of 6.3%.

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GBPJPY pared most of its gains made yesterday on Pound sterling weakness. GBP surged above the 1.15000 level after UK CPI data. It jumped to 6.3% on a yearly basis from 6.2% earlier.

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RSI rejected 70 level resistance and 40 level support if 40 level break down more down trend after Core CPI m/m news release 

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Price action hovers around 200H MA. Break below will see more weakness. Next major support lies at 21-EMA at 139.81.

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Gold pared some of its gains on surging US treasury yields. Markets eye US CPI data for further direction. Headline CPI is expected to decline by -0.1%, core inflation to rise by 0.30% mom. The overall trend is still bullish as long as support of $1700 holds.

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Gold pullback after rising wedge top and down side eyes 55-EMA and RSI pullback again test 60 level

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If break above close next eyes 200-EMA Breakout Channel and cloud

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GBPJPY surged sharply on the bullish pound sterling. holding above short-term 21-EMA, RSI Testing 70 level if break more up but scope pullback at 70

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Rejecter cloud breakout and pull back after cloud top test