decentshaw

decentshaw Updated 

Gold: Gold is trending downward. However i am expecting it to Rangebound to negative today. Above 1960 is good sell. 1965-1970 as defined in above chart is ideal sell zone. I will do fresh sell as per this plan. SL above 1970. Price is below 20-50-100 SMA on 4 H with 20 SMA cutting them down. Targets will be 1935 (200 DMA) and 1920 (200 SMA-4H) Good Luck...

decentshaw

As per my last analysis published on TW , i identified the Head and shoulder bearish pattern and defined targets of 1960 and 1950. Which are achieved approximately. As of current chart structure, the Gold is making Lows now. Lower Lows and lower Highs. The bullish momentum has lost the steam . Resistance level 1980-1982 will be a hard nut to crack. Every touch...

decentshaw

Gold is Moving in an upward channel with indicators all saying Bullish. All my bullish targets are met by the grace of Almighty (1950-1980-2000 approx). (See my previous Posts) Gold has reached a important point the Psychological level of 2000 where price was rejected on Friday. After the rejection i am seeing a Head and shoulder pattern. I think price will...

decentshaw

old Price made a bullish breakout amid middle east crises. I am expecting price to go to 1950 and 1980 in 7 trading sessions (days). 1930-1935 will be ideal buying area if price gets there. Profit targets are defined . Good Luck

decentshaw Updated 

Gold: First of all , sorry for the ugly chart. Its Noisy but i have to zoom out to explain everything. Anyways. The price visited the 1810-11 on Friday. Historically this level has proved to be a good support. Price bounced back from this key support area and made a breakout crossing the lower high at 1824. On Friday close ,price was flirting with the 1832-33...

decentshaw Updated 

US 30- has broken the bearish sequence and made a bullish breakout. Price action as per charts. Buy on weakness Good luck

decentshaw

old Weekly: Last week i defined a Weekly target of 1880. And it is successfully met. Crossing the 1880 due to fundamentals; the Israel+palestine conflict/ unrest position in middle east. Gold is considered safeheaven under the conflicting circumstances. We saw similar scenario during the Russian/Ukraine conflict. On Friday, The magnitude of impact on Gold was...

decentshaw

USDCAD is testing the support yet it has broken the bullish sequence. I can see Head and shoulder on 4 H. Israel/Palestine tension can increase the Oil demand and may trigger Oil supply issues from Gulf. High oil prices can support CAD. Sell on strength. Good Luck!

decentshaw

US 30 Looks bearish on charts. Any upward movement retracement should be looked as opportunity to enter sell. This all happening after the FOMC hawkish outlook on keeping the interest rates prolong to achieve the inflation control target. But this lashed the US stocks. 32800 the support level can be realistic target next week. Sell the retracement. Price...

decentshaw

Gold: Price travelled form 1947 to 1847 the 1000 Pips in a period 8 Days . Bearish engulfing candles on Daily , weekly , 4 H chart. Price didn't respected the 1850 level which was our defined target achieved successfully . This all happened after FOMC despite No interest rate increased in September. This is the power of FOMC and FED chairman words. The Words...

decentshaw

Gold: Price is in extreme selling pressure. After FOMC and FED officials hawkish remarks to keep the interest rates high for a longer period of time, The DXY is getting stronger and making Gold weak. Yesterday significant development was breaking of 1900 leve l and more importantly 1885 level . With this break i am expecting a deeper movement in Gold. I am...

decentshaw

Gold is moving in a Bearish channel. Yesterday Gold made a double top at 1927 and a Higer low of 1926 and after moved quickly downward breaking the symmetrical triangle. Price tested the Trend line back at 1919 and continued to move downwards. Charts exhibits Head and shoulder pattern. And price currently below 200 SMA on 4H and Daily TF. DXY has crossed the...

decentshaw

Gold: Today is FOMC and There is 90 % market consensus that there will be no interest rate increase today. However the FED chairman Powell press conference will be what market will be watching closely. Hawkish or Dovish it is to be seen. Yesterday we saw US stocks (NASDAQ, DOW, S&P) going down in pressure of FOMC & FOMC speculation. Keep your trade at minimum...

decentshaw

US30: The Price dropped off sharply on breaking of rising wedge on Friday. I have all the plans and desires to catch the move but courtesy i could not because i was managing Gold bizarre movements. Anyway, US30 is at support and i see good potential upside. This is backed by no interest hike coming in Sep (Wed - Fomc) . I think Stock market will cheer it for...

decentshaw

Gold Weekly Analysis & Forecast: Frankly speaking I was not expecting Gold to cross 1920-1922 level on Friday. Because Dxy was going strong and at this level we have some very key moving averages. This level provided the price strong resistance. But ultimately Gold has proven to be more resilient and broke this resistance despite Good US results. The breaking...

decentshaw

Gold Price is moving in a upward channel. I was expecting the price to break the 1940 level yesterday to complete the bearish Leg for further gains. Price has penetrated the 1940 level a little deep . But couldn't break it effectively. This is making bullish bias more strong. On other hand Dollar index - price is moving down the abandoned bullish channel. At...

decentshaw

Gold: The price has reached an important level and encountering 1950.50-1952.5 Key Resistance. Negative US results has fueled the Gold bullish momentum. Market is taking these negative results as a tough decision for FED to increase interest rates in tiring but resilient economy. Any interest rates increase can put US economy in jeopardy and recession. Any ways....

decentshaw

GBPJPY- SELL from Supply area. Price action as per charts