As described in the chart
As described in the chart
Gold prices have reached the minor resistance. Price is stuck in a narrow trading range 1206- 1215. As seen on the chart, XAUUSD broke the midterm bearish channel. However, we have seen this false breakout before. If the price breaks above 1216, Gold is likely to test the resistance at 1218. Above 1218, we have 1222, 1227 and 1234 levels to be tested. If the...
Wait for the breakout to enter the trade
TL breakout As described in the chart
Bearish Shark Pattern Formation
Details have been published on our web.
Fundamentals: XAUUSD closed the week lower, losing value for the third consecutive week. On Thursday, gold tested a low of 1,211 USD. If not for statements and tweets Trump made during that day gold prices could have fallen much lower. Trump spoke about his dissatisfaction with the current monetary policy of the FED and followed by a tweet “the United...
Key Fundamentals: BoE’s Carney could not convince the markets for the further rate hikes. Markets need to see very strong macroeconomic data flow on the UK side. Even the negative US Job data could not stop DXY bullish run. You can read our latest DXY analysis Weekly Chart: Strongly Bearish. Cable is below all main Moving Averages. Testing the Murrey Math...
We have entered a short trade and the trade reached the target. Weekly Chart: The trend is still bullish. Price is above all main EMAs. However, it is in the lower Bollinger Bands. Further decline is predicted. Daily Chart: EURAUD ended the week at 1.56300 where it meets the SMA 200 support. Price is below EMA 50 and EMA 100. RSI has more rooms downside....
We will publish a detailed forecast and analysis on our web tomorrow. Targets as described in the chart. A few formations we see on the bigger picture.. we will update soon.
Warning: Most of the readers may find this article unnecessary and boring. We prepared this analysis for the traders who like to have a plan and view on their trading activity. In this analysis, we want to take a look at the medium, long-term roadmap of the USD, which follows the winds of FED’s rate hikes in parallel with the recovery of economic data in the...
Strong Bearish Bar Support Breakout / Wedge Breakout Sell the Pullback Targets: 1.56700 1.156300
60% Bearish Breakout 40% Bullish Breakout Entry alerts will be sent to members.
As described in the chart. Wait for the neckline breakout