TheWolfOfGold

TheWolfOfGold

If anyone of you checked my previous idea of eurusd long, you should be making a lot by now :) Congrats to who got it Let me explain why is this a perfect set up: 1) Doji Pattern, a cross with very long bottom wick. This means the bear tried to drag the price down but failed. (think, if you tried to sell, but the price didn't go down, what would you do?...

TheWolfOfGold

If anyone has watched the Xi-Biden Summit, you would notice the two countries are seeking a balance, trying their best to avoid a war. As I discussed in previous ideas, the potential battle between China and Taiwan support the Gold price to go up. If this war is no longer happening, and FOMC increase their interest to oppress inflation, the gold price will fall...

TheWolfOfGold

EUR has dropped a lot over the last week, ideally it's approaching the weekly support line and we expect it for a potential reverse now.

TheWolfOfGold Updated 

Fundamental analysis: Andrew Bailey recently apologized for the unexpected rise of British CPI data. The postponement of raising interest made GBP weak af, which causes it breaks the daily and weekly support. Technical analysis: Now we see GBPUSD is approaching another weekly support, this could be a potential reverse for GBPUSD. The high CPI data is giving...

TheWolfOfGold Updated 

this level has been tested twice over the last few days and I believe the gold price should no longer continue bullish. The potential war between China and Taiwan and the Global inflation crisis are the main support for bulls. However, if we compare the gold price to the 2008-12 financial crisis, we noticed the price would eventually drop. Another reason for...

TheWolfOfGold

This should illustrate roughly where the s&r are