XAUUSD Gold Trade Idea Potential Short Opportunity Wait for the breakout... U.S Retail Sales may trigger the bearish move.
Wait for the breakout of the TL Target as mentioned in the chart
As you will see on the attached idea we have entered a Long Trade at 111.900 and we have reached our first target. The price is likely to hit the second target. Break and close above 112.500 is another Long opportunity and the pair is likely to hit 112.900. At 112.900 we will close our positions and wait for the daily closing to decide about the direction. We...
Fundamentally: Thin data day for the market on the Euro Side. The market will be focusing on Powell’s Senate testimony in the upcoming US Session. U.S. Industrial Production and Capacity Utilization figures for June will be releasing. Technically: Daily Chart: EURUSD trading in the upper Bollinger Band, however, it is below EMA 50 which is currently located...
Wait for the breakout of the neckline...
We see a corrective price action on DXY. It is likely to test 94.10 – 94.00 as seen on the chart. This is not a trend reversal as long as the DXY does not break below the trend line. Midterm trend reversal may happen with the breakout of the trend line. All bullish actions on EURUSD and GBPUSD might be considered as corrections as long as the DXY holds above...
DXY Recovery Bearish Pinbar in H1 chart Resistance rejected
Fundamentals: GBPUSD dropped wild after US President Trump condemned UK PM May’s Brexit strategy and stated that Boris Johnson would make a great Prime Minister in an interview with The Sun. After dropping to test 1.3100 at the European session open, GBPUSD rallied back to trade above 1.3200 as Trump changed his tune completely, saying that “no matter what the...
As described in the chart. The Idea will be updated as soon as the trade is executed.
Our members know that we are bullish longterm on Gold Futures. However, there are a few signs which make us think of a bearish trend reversal. Fundamentally: XAUUSD failed to end the week in positive territory by ignoring all positive fundamental data, including a rise in geopolitical tensions, inflation pressures and negative real interest rates. Most of...
As described in the chart
Yesterday we have entered a Short Trade - link attached below - 148.200 is the support of the day. If it breaks below we may see the price testing 148.000 and 147.700. It would be a nice level to go LONG on the pair. We will update the idea.
As described in the chart Good Luck
As we have written in our daily analysis of yesterday, corrective bullish rally is over on EURUSD. U.S. PPI and Core PPI came out better than expected. Unlike data, the price went up surprisingly. It was a possible s top hunt operation. Price tested the resistance but could not break above. And we have entered the short trade. Today we will have CPI data from...
Time to buy... Area of the entry as shown in the chart... Entry alerts will be sent to Premium members... DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
Tested the trendline support. Wait for the breakout and close below to sell. Good Luck