YOUNGFXTRADING

YOUNGFXTRADING

Tight range which is usual pre-event.  Pick your entries wisely or try to stay away from the market until after the FOMC release tomorrow.  Likely we will see choppy, ranging price action with spikes either side so please trade safely. We expect a 1800 again or 1560

YOUNGFXTRADING

XAUUSD is about to buy back up just like 21st July 22. With CPI NEWS making sellers rulers of the market we may now see a repeat of July massive buy to the 1750/60 zone and a futher market movement to 1800. Is that possible let find out

YOUNGFXTRADING

Due to cpi new effect on market we have seen a movement to the 1800, which is a major zone (jan and Feb) Now we expect a market short movement to 1790 retracement to consider more buy to the 1800 region expect a 1830 in play this new trading week

YOUNGFXTRADING

with the price ranging between 1850 and 1815 Looking at the weekly chart we can see that at this moment a lower high is in place at the 1875 zone and the price is pressing on 1815 support. A break of this support could lead to further losses, but more importantly, will confirm a break of the long-term trend line . In such an instance we can assist to a change of...

YOUNGFXTRADING

Current trend Quotes of the precious metal are being corrected in a downtrend, being at around 1883.0. Investors are showing an active interest in gold as a defensive asset after the freezing of Russia's gold and foreign exchange reserves against the backdrop of sanctions imposed after the start of a special military operation in Ukraine. According to the...

YOUNGFXTRADING

At the jan and feb resistance (1930) we expect either a long to 1970 region or to the 1819 zone, leaving price open for a short to 1830 during NFP. OANDA:XAUUSD

YOUNGFXTRADING

A huge sell to the 1805 after a retest of the new zone at the 1830 market will reach it resistance and get a push back

YOUNGFXTRADING

Is the EURUSD rise complete? As you already know, we're waiting for the rise on EURUSD to finish, so we can then enter short On Friday we had the first signs for a possible end of the upside move on H1 We have a high and then a trendline breakout. Now we expect to see a lower high and a breakout of the previous low. This will confirm the reversal and we...

YOUNGFXTRADING

Support and resistance At the moment, the price tries to consolidate above 1.3510 (50.0% Fibonacci correction) to continue moving to the levels of 1.3585 (61.8% Fibonacci correction) and 1.3672 (Murrey) ). The key "bearish" point is 1.3440 (Murrey ), which breakdown allows further decline to the levels of 1.3340 (Fibonacci correction 23.6%) and 1.3300. An...

YOUNGFXTRADING

Support and resistance Resistance levels: 50000.00, 51300.00, 54500.00, 56500.00, 59600.00. Support levels: 46400.00, 43750.00, 41000.00. Trading tips Short positions may be opened below 46400.00 with the targets at 43750.00, 41000.00, and stop loss 48200.00. Implementation period: 5-7 days. Long positions should be opened above $1300.00 with the targets at...

YOUNGFXTRADING

A clear bounce on the 1.38 region so we expect a sell to the 1.30 support.

YOUNGFXTRADING

We will be trading within the box for this week, the resistance and support are the major and minor.

YOUNGFXTRADING

The 1834 zone is a retracement zone for gold in July,August and September so will it happen again ?

YOUNGFXTRADING

At 1823 or 1820 is a good entry-level To the support

YOUNGFXTRADING

#Gold- To break, or not to break? After breaking under the important 1800 figure, Gold bulls have tried to reconquer this zone at least 3 times and failed each and every time. This, for me, is a very bearish sign and I expect Gold to fall hard and deep. As I said yesterday, 1750 support is no longer an important one, and if/when 1770 will fall, the next important...

YOUNGFXTRADING

#GbpJpy can rebound to 152.50 resistance In the past 6 weeks, GbpJpy fell hard, from a top around 158 to a low just under 150. At this moment the pair is trading in a strong support zone and a rebound is probable Buy dips under 150 can be a good strategy for a rise to 152.50 resistance and a risk:reward ratio of 1:3 YOUNGFX

YOUNGFXTRADING

EURUSD may accelerate After the impulse drop in the beginning of this week, EURUSD is currently trading sideways. In situations like this, it's better to wait and look for trades once everything is clear. Yesterday the pair held above 1,1300 and that showed us this move doesn't have enough strength to continue lower. That's why, today we're looking for a...

YOUNGFXTRADING

#Gold- We have a clear bottom now In yesterday's comment, I said that Gold could reach 1812 and that 1780 acted well as support. Now we can consider this support a clear bottom, FOR NOW, and also the double bottom that I've spoken about yesterday is in play. At this moment Gold's price is hovering just under the important 1800 figure and a clear break above would...