ZB_Insights

ZB_Insights

XAU/USD leashed between a deadly price range for a couple of days. This is very critical price zone as it is the last line of defense for bulls to take charge back again, otherwiss if fails to sustain above 1850$/oz then it will be a clear sign of downtrend on medium term. On technical grounds price seems to be very attractive and favourable for longs, However,...

ZB_Insights

As winter is approaching, we are getting some clues about serious global energy crisis. Oil and gas prices have already surged but its just a beginning. Its still not late to set some bets on energies. Prices will skyrocket by the freezing temperatures.

ZB_Insights

Gold price got multiple rejections at 0.50% Fibonacci levels. Gold price is currently in consolidation phase preparing for big move either on both sides. A sustained move above 1830 will push gold high up to 1860-1889. However, breaking down support level 1790 will take this down to major support 1750 and 1680. We are staying neutral until this consolidation phase...

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Gold price strong rejection at 200 day exponential moving average as you can see in the chart. Gold price rallied during Asian and European Sessions but failed to sustain as USD bulls charged back early during the US session. Closing below 1800 is a bearish sign and more probability to retest 1750 level. If prices fail to stay above 1750$ we could probably go down...

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I heard huge number of speculators since yesterday as usual blaming obscure "unknowns" for manipulating USD value as most of market was anticipating USDX to fall below 85. Fed kept interest rate unchanged near zero but clued elevation of rates in future which worked as catalyst to USD and rally occurred which tumbled major currencies and metal prices against usd....

ZB_Insights Updated 

Possible reversal down to major support line 1.1700. Short with SL above 1.2250

ZB_Insights

Gold over the US dollar rallied after the double bottom at 1680$ for an ounce and closed weekly candle right below 100 day EMA, Which gives a possible trend reversal sign but there is still some resistance seen at uper level of downtrendline which suggest to be very careful with taking positions. SL is advised to set at breakout zone while taking short...

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Usd/jpy capped with negative trendline. We are in a bearish trend with targets 101 and 99 in extension. As long as we see a sustained break out above 105.25. Goodluck with your trades.

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Hello everyone, finally Gold price is hovering around a long awaited support line, 200 day exponential moving average . The historical data suggests a strong upward movement every time price reaches 200 day ema . Yes i know there is lot of fear in market after recent blood bath but i think we are gonna see continuation of long term bullish rally. For me buying the...

ZB_Insights

Hello everyone, first of all i would like to congratulate all who shorted this pair and gained some profits. Coming back to the gold market, as you can see gold failed to hold its multi month strong support 1850 level as per anticipation explained in previous analysis. Now Gold prices are heading towards its final line of defense the 200 day exponential moving...

ZB_Insights

Gold buyer's losses to extend in coming sessions as long as we are trading below 1875$ which is 100 day exponential moving average (blue line) as mentioned in previous post this support level looks fragile and once again trapped buyers at above 1880 level. Gold made some struggle above 100 day ema for some hours but badly failed to sustain above that level. We are...

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A good news came in the early hours of New York session about covid-19 effective vaccine. Unfortunately, proved to be a worse nightmare for Gold retailers and a massive sell off occurred. Now lets have a look on technicals. Gold rally was going fine and made a high of 1965$ for an ounce supported by support at 50 Day EMA at 1935 which in terms of technicals seems...

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With positive vaccine news i anticipate big rally on euro Stoxx.

ZB_Insights

Gold break out upside and D1 closed above a strong resistance level. However, next week is going to be interesting and high volatile with US presidential election results. I suggest to stay nuetral until. The dust settles down. Gold prices can go either ways so dont be hasty and let the market decide its long term trend. Goodluck

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I prefer shorts on dow jones industrial average. We will see 30k level sometime later.

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Long awaited pullback on USD/PKR occured last week which i see as a golden opportunity to add some buys. You may hear voices calling for 130 and even 120. But in my opinion we are gonna leave 160s and 150s level soon like we left 140s. So be prepared for the ride. The panic sells may cause some temporary dips but keeping in mind risk to reward ratio, only buy is...

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Gold over the US dollar remained choppy for entire week. However, multiple breakout attempts failed and closed below 50 Day EMA which is a bearish sign in my opinion. On fundamental grounds, the only catalyst at the moment was US stimulus optimism before US elections which has been faded and Gold price retreated back below 50 Day EMA. So now in my opinion buying...

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Emerging up trend on 4H time frame