UbaydahAlZaim

UbaydahAlZaim

Gold are forming double top pattern with potential downtrend to 1191 $ STOCH enhance this potential in his side from overbought. This downtrend consider as correction for gold

UbaydahAlZaim

On daily chart, GBPUSD show a strong Internal down trend with 9 failure efforts to break it up and only one success. Pair seems that it gonna retest again and @ 1.2453 and fall back to 1.2250 approximately. SL will be very tight that add a wealthy flavor to this trade. I hope to enhance this idea with your comments.

UbaydahAlZaim

From two weeks ago I expected to bull gold depending on couples of points, the most important one was the morning star pattern on weekly frame. Now Im still believe that the bull has more power to push the gold a little more up before any correction. my perspective stands one following points: Technical: 1- Close price > pivot point of last week @ 1208.15 which is...

UbaydahAlZaim

Technical: on Weekly frame XAUUSD ends 2016 with morning star pattern which is consider a very strong candle pattern, moreover, it tests 76.4% fib retracement from 1046 in 12/2015 to 1337 in 07/2016 and it just made a fake out then it closed above it. Fundamental: -Recently China announced that it sold USD in bulks. give a sign that DXY uptrend will reverse....

UbaydahAlZaim

AUDCAD constitute a rising wedges extend through 7 months, contain inside itself a bearish imperfect three drives which enhance the break point on lower leg at 1.0060. Short now at 1.013 - 1.012 with TP 1.0060 after break 1.0060 short again with first TP 0.9906 ( 0.618 Fib retracemnt of Low To High Three drives)

UbaydahAlZaim

Contents: 1- Green AB=CD bullish pattern. will be mentioned with (x) 2- Red Ab=CD bullish pattern. will be mentioned with (y) 3- bearish Flag pattern. will be mentioned with (z) Body: Expected formation for two bullish AB=CD after the point C has been determined for both. Stage 1: XAUUSD will fall to constitute D point @ 1227.2 for (x). long @ 1228 then it...