TheNorbert

TheNorbert

If the price brakes 72.00 and the slope of the trend Price will go down to the next liquidity zone 62 If the price test and rejectes from the slope of the up trend the Price will go up to 110. At fundamental level important factors will be if Saudi Arabia and Russia honor their agreement to increase the oil production until December 2021 and ease oil output cuts...

TheNorbert

Commodities are at an important monthly liquidity zone. Price action from this point will determine if a new descendent trend will start or the price will continue the up trend. At the fundamental level there are labour shortages and severe suply chain disruptions. The rate of growth is the sharpest since May 2007 but firms have dificulties procesing new orders...

TheNorbert

XAUUSD is at key levels, range in h4. Breakout of the support will set the price to go at 1.800 Rejection from support will set the price to go to 1890/1900. At the fundamental part, DXY broke the bearish trend and is going up. US recorded the lowest levels of CV-19 infections. US economy had recorded a slowdown Joe Biden's plan for a $1.9 trillion stimulus...

TheNorbert

DAILY DOWN TREND going from support to resistance INVERTED HEAD AND SHOULDERS H4