DOLLAR have been showing sign of weakness lately with confirmation of our trend to the downside. after price break the daily trendline from the daily chart in the channel and trump confirm this that the relief fund will be release soon. both technical and fundamental follow the plan now
GOLD BUY , All rules are been met after wave 4 retrace to 50% of the wave 3 and is about to make the last impulse with stimulus is been approve by trump last week .. i expect gold to break the previous high and push further to the upside
Price created a rising wedge toward the resistance zone 1910-1920. and dropped again, where support is at the 1850. two condition have to be met to be able to trade GOLD this week, firstly, if stimulus is approve this week, we will see GOLD @ 2070 and 2200 perharps but if the stimulus is decline be the senate... then gold willl ride down to 1850 and can even break...
GPBUSD is undergoing expanding flat or running flat as running flat is rear in the market and expanding flat is common in the market to deceive a lot of traders and hit their stop loss with 1.618% extension above the 1% of wave A and 1.23% to 1.30% extension of wave B before 1.618% extension of wave C which confirm expanding flat or 0.88% of wave C which...
THERE WAS ANOTHER IMPULSE DURING THE WEEK AND IT WENT OVER 200PIPS WHICH I MAKRED LAST WEEK AS IMPULSE SUBMINUTTE WAVE (iii) OF THE WAVE MINOR C I EXPECT A RETRACMENT TO SUBMINUTTE WAVE (iv) WHICH I WONT BUY BUT FOCUS MORE ON THE IMPULSIVE WAVE SUBMINUTTE (v). THANKS
price came back to the previous support broken and i expect price to move his way on to the downside next week