YM.Chong

YM.Chong

Euro Dollar might head toward to 1.27747 as it unable to break 1.23555. If it able to break middle Bollinger Band which is 1.25600, it might lead the price to 1.27747. My Strategy: Long at 1.25610 with a profit target at 1.27710 and place a stop loss at 1.23910. Cheers an happy trading.

YM.Chong

Gold's price might retest the 1200 level again as it unable to break the 1134 as the level I stated in previous idea. 1182 is the level to be observed, once the level is broken, it might lead the gold's price toward to 1200. Happy trading and good luck :)

YM.Chong

After 1182 have been broken and now we look forward the gold price to 1155. 1155 is the support level to be observed, once this level is broken, it could lead the price to 1135. Why short gold? : 1. MACD formed a bearish signal which might lead the gold price lower. 2. RSI showed bearish while oversold condition to be observed carefully. My Short-Term...

YM.Chong

After 1182 have been broken and now we look forward the gold price to 1155. 1155 is the support level to be observed, once this level is broken, it could lead the price to 1135. Why short gold? : 1. MACD formed a bearish signal which might lead the gold price lower. 2. RSI showed bearish while oversold condition to be observed carefully. My Short-Term...

YM.Chong

After 1225 have been broken and now we switch to observed the psychology support level 1200. Once this psychology level is broken, we look forward the gold price to 1190 and 1182. Why short gold? : 1. MACD showed a potential 'death cross'. (a bearish signal which might lead the gold price lower) 2. RSI still showed bearish while its not yet reach oversold...

YM.Chong

After 1225 have been broken and now we switch to observed the psychology support level 1200. Once this psychology level is broken, we look forward the gold price to 1190 and 1182. Why short gold? : 1. MACD showed a potential 'death cross'. (a bearish signal which might lead the gold price lower) 2. RSI still showed bearish while its not yet reach oversold...

YM.Chong

Technical analysis showed a potential bearish signal with combination of Marubozu candlestick, RSI and Stochastic.

YM.Chong

1225 is the support level should be observed. Once the support level is broken, it might lead the price to 1200, which is the psychology level. *Fundamental factors for this coming week: 1) Federal Fund Rate 2) Advance GDP 3) Unemployment claims

YM.Chong

Technical View: Gold is testing at 1240 and 1243 right now. Once it break the resistance levels, it might rise to 1270. If gold price failed to break the resistance levels, it could retracing back to 1225. Upcoming fundamental factors: USD - Unemployment claims - Industrial Production - Philly Fed Manufacturing Index