The current economical monetary situation leads the AUD to strenght and JPY is getting less worth because of money printing of Japan. Uptrend for the next weeks with Target on 103.000
The technical view shows an harmonic upside movement without major disrupions. Therefore the sequel of the uptrend channel is likely. MACD respects higher lows. Targets are: 0.86 - 0.865
For shortterm scalping try going long now with aim to 1.3550 max. 1.3575 and then short again towards 1.350.
The USD gains strenght and EUR had negative economy values seven times in a row. USD Index rises and today positive expteced news are going to be released. Expect 1.35 at least for today.
There is potential for short-term uptrend in consideration of the bullish divergence on the MACD. The red horizontal resistance levels would decide further movements. But for now market is bullish.
I am a supporter of GOLD price going down from 1300 towards 1200. If you follow my ideas you would see that I supported that idea for a long time. But this monday movement was too fast. It will not get a sequel before market does not cool down a bit. Therefore pay attention for upside movements. Maybe it will go towards 1330 or it will reach the top of the...
The current sitation is very neutral. Longterm trend is still down but which happenings will decide the intraday movements are not clear enough.
The price is going into the peak of a flag formation with the 101.180 resistance and the lower maximum points. I consideration of MACD and BB there is lots of pressure towards this resistance line and the potential to break it for going down to 97.000 and maybe towards 94.000.
The Market did not show any pullback scenario for going back into the uptrend which got a break after Draghi speech before June. Because of this less potential for a pullback I assume the broken uptrend which led into a downtrend will get a sequel this or next week. Therefore pay attention to the red horizontal resistance areas.
The week is over and it was a very bullish week. But if we consider the longterm downtrend on the weekly chart, then there is a resistance area at 1356/60 and we have to be honest to say that in consideration of current financial happenings gold is getting less attention for a trendchange into a long term uptrend so therefore a reversal is very likely. Looking...
Im pretty sure that the announcemt of lowering the QE additional by 15 billion $ and the positive forecast about the economy in the second quarter year will push the price down. Last FOMC protocol had its impact on the following day where the gold price rose from 1272 to 1320. Maybe this time it will happen again but in the other direction. The reason why this...
After the news about Lybian OIL production pressed the price low enough it should continue it's longterm uptrend particularly because the Middle East Crisis is not over yet.
If you look at the technical situation then maybe there are similarities between the triangle break of end of May and the current triangle. Maybe some smaller pressure like the past triangle break could be happen...
In the upside movement towards 1333 (last max. point) divergences happened. After it fell towards 1309 and then playing around 1319-1315 it showed that the indicators respected that and no divergences could be seen. In this case the downside movement could get a sequel. Maybe towards 1289/85/80 as key resistance level.
0.87 got retestes twice and a reversal happened there. In consideration of current uptrend channel and the previous downtrend before that reversal then there is minimum the potential for 0,91. Confirm of this idea is after break of 0,90 zone as psychological Level.
Description is in the chart. The movement should respect the technical rules imo.
After GBP/USD broke its historical resistance from 2009 (1,71) it did not show any strong force or movements to go into the sky. It stabilized around 1,715 and showing divergences for an upcoming reversal into a Shoulder Head Shoulder Pattern for going into the old zone at 1,69.
The 1330 area is holding very well. It built a good ceiling and on 2H view it structured a Triple Top Pattern which should indicate a reversal. Lets wait for the Payrolls and Draghi speach today.