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Hello Traders! Gold is trying to find support to Take off. Its Friday and there is time for growth, Gold has hit the Fib of 61.8% and there is possible room for an even greater plummet. Patience is key!
Hello Traders! Gold has been in a bullish state for the passed 3 trading days and there's some lack volatility, that doesn't seem to effect Golds rise to @1900 Of course Gold is Still Bearish and its possible for it to continue to be Bearish for it to build its supply for the next Bull run. But if Gold Breaks the Descending Trend line then its a run from there on out!
Hello Traders If Gold Closes below the Resistance level, then Gold will need to retest a Fibonacci level in order to get back onto its bullish trend but for now its safer to catch the bearish movements in the market as of right now. So selling would be the safest bet, riding until one of the Golden Fibs are hit!
Hello Traders! Gold Continues to be bearish but it seems as resistant levels has been broken. Making new levels possible to be reached such as @1893 and @1963 and these are new resistant levels that are meant to be tested.
Hello Traders! Today the XAUUSd Is still bearish and that makes the sells very easy to catch. Keep in mind that there are respected areas such as @1822 and @1809 , These areas are supposed to be broken heading downwards.
Hello Traders! Double bottom headed towards supply zone @3578. Could be broken but as well as respected because SPX is still Bullish so expect more buy opportunities. Hopefully breaks the recent resistance. Good luck Traders
Hello Traders Gold has hit its major supply level @1794 and is still a bearish market. If the area is respected there is room for a bullish market to form. but if broken there is no telling how far down Gold can go from here.
Gold is being deceptive, its Friday so the markets get really weird... Broke range @1886 but has an ascending trendline, will it respect because if so Ill be expecting a run until the @1936 zone. The market is still kind of bearish so its probable the ascending trend will break. Good luck and happy weekend!
Hello Traders! EURAUD has been in this ranging market with a false breakout. Its possible to expect a rise for the support line @1.61538. Its been used frequently as a support line and there chance it rises to the 38% or 50% fib line. But to say that it could break that support line is possible too. I'm stuck on a rise though, Hope for the best.
EU has hit its resistance and now will head to the downside. Its possible for the trend to reverse but not likely. Be mindful this is a Bears market as of right now so catch bearish moves. All indicators are bearish so now just fallow the trend.
Hello Traders There are support levels building up and also the indicators are going bullish . its probably going to fakeout a lot of traders but be mindful that EU is still a bull market. The Resistance level @1.18781 is going to confuse a lot of traders be mindful.
Hello Traders! Gold has broken the descending channel nd seems to be on a run now on the daily. Using fibs to determine where to enter so now we just play the waiting game especially since the election is still going. The market is very volatile right now so be ready! Expect retracement but id not imp expecting for Gold to hit at least @1984
Hello Traders! Gold had been very volatile due to the Election and its close to say that the election WILL have an effect on XAUUSD. Make sure to be safe and to be cautious in the market Anything can go! A major plummet or a booming run. The Gold Market is still in the Bears Hands, so until then its easier to catch a plummeting market but there can be setups for...
Hello Traders! EU will possibly show this Ranging Market and respect its SUPPLY and DEMAND zones making structure getting ready to break resistance. Once the resistance is broken there will be a run to go along with that. Wishing the best and safest luck to all. The Election wouldn't really have any correlation with this pair but there is a possibility because of...
Hello Traders! SPX Has hit and respected its daily support line and now is rising. Using fibs its close to say that SPX is on a bull run until it hits the 61.8% fib @3417.6 and the the move should be made. Hoping for some retracement for the buyers to hop in. Bu for sure it seems like a long building for SPX500.