King_Fumu

King_Fumu

if this level is broken, off we go. the cup and handle pattern has been forming for quite some time, and since the ATH at 2075, there has been retracement, but fear of inflation are possibly taking over the market in the coming days.

King_Fumu Updated 

There is still room for further downside for gold, possibly to the 0.5 fib, but the double bottom formed on the 0.382 level is a case for the bulls!

King_Fumu Updated 

Head an shoulder complete, reversal engaged, down is the direction, Target marked. Caution, this trade is sensible to values of BXY that keeps a bearish outlook.

King_Fumu Updated 

The DXY is about to flirt with 95 and the EXY can still go higher, But the EU wll have to handle money pouring out of the USD for the Eur. So you know now what to do!

King_Fumu Updated 

As per the caution in my previous analysis, the bullish outlook of BXY is highlighted here, where prices have been well supported by the 50 EMA and the 200 MA on the 4h chart!

King_Fumu

Just watch that space

King_Fumu

As you know about the trade war, it is more likely that prices will drop again today, i see them goin to yesterday’s low or lower to the tens.

King_Fumu Updated 

This pair is about to head down to 0,66600. The triangle has been broken on the down side, after today, i am more inclined on a sell, we can wait and see but i am 75 percent sure it will head down. And the target should be hit in 2 to 3 days.

King_Fumu Updated 

As you can see, the previous triangle was broken on the upside, this was followed buy an uptrend that saw the gold prices rocket to 1611. The prices have since been traded in another shorter triangle that was once again broken on the upside, the first daily candle closing above it and the second daily candle failing to close below the line ( back inside the...

King_Fumu

I have been monitoring this move for quite a while now, and i do think that this pair will continue the nosedive to 1,295. The DXY and CXY are moving both in a way that supports this allegation. It shall be confirmed in a few days.

King_Fumu

Bearish pennant spotted on the AUDUSD could mean in case of a break, a continuation of the downtrend that started in the beginning of August. the trend could see the AUDUSD pair go as low as 0.63800 In weeks. we are looking at a short position below 0.659.

King_Fumu

Gold has been moving in a channel ( Symetrical Triangle ) for the past moments, this was then followed by a fake out bearish break, then upon a return in the channel, a bullish break resuming the up trend that started in the first days of the month of august. The US news triggered unrest in the markets with stocks seeing green and USD pairs moving strongly and...