decentshaw

decentshaw

Gold- XAUUSD is currently directionless. Candlesticks are as confused /directionless as some traders. After FOMC, general traders bias was Long for gold. Interest rate seems to be settling down and no more gigantic rate hikes expected; these seems to favor a moderate surge in gold prices to (1827-1852). Of course real price increase will be when interest rate...

decentshaw

GBPUSD fell down on Fundamental changes on Friday. The pair is on Bull run for Some days. Currently price is above 200 MA on 4 H chart and testing the 200 DMA (acting as support). Price is at crucial stage : 1-Testing the upward trendline. 2- Fib 61.8 (Short Graph) 3- Testing 200 DMA. To me we can buy on these levels. If 1.2100 is broken (by 20-30 pips) we...

decentshaw

We have series of higher highs and higher lows. Trendline (technicals) and fundaments support growth in Gold price. Then question is why gold fell down after FOMC. Powell speech give clarification of interest rate almost peaked ( he hinted 5 % max , depending on circumstances). I think its correction phase. Big boys Don't let u win so easily. Trendline...

decentshaw

Gbpcad . Weekly trendline potential resistance. observing the reaction. expecting Short. Comment on the idea

decentshaw

XAUUSD Analysis: We have seen XAUUSD Strong upward momentum since few days. Gold has crossed 1800 several times in last few days. Currently price is seeking validation from awaited FOMC interest rate decision on Dec-15th. Key News event which can effect Gold price movement is CPI (Tuesday Dec 13th) and FOMC interest rate decision. Softer CPI will add fuel to the...

decentshaw

With FOMC approaching (Dec-15) , Expecting USD strengthening and reciprocal currencies under pressure. As of with Gold, strongly correlated with AUD. Chart has something to say Do comment on idea

decentshaw

I was expecting the EURJPY rise from the upward facing resistance line. But Price continues to fall below the trendline. JPY will keep its strength in coming days. We have a nice R/R setup here. Chart explains. Do comment on the idea. Cheers

decentshaw

Price is hovering near the horizontal the Resistance Zone. From Resistance Zone , expecting a fall. Do comment on idea and odds

decentshaw

EURJPY Meeting Daily trendline Support. 142.100-141.900 Buy Zone Do comment on the idea. Cheers

decentshaw

Price has entered into historical Resistance Zone crossing 200 DMA. Expecting Pullback to local support. Do comment on the idea! Cheers!

decentshaw

The price has broken the downward trendline and consolidating. Price has touched the demand zone - strong support zone then made retracement. Price may visit the trendline again and start to grow. Do comment on the idea. Cheers

decentshaw

Chart Says it all. Observing the price in these 2 US session. Trade upon conditions Met. Do Comment on the idea

decentshaw

Hello Friends, Gold made a breakout of the downward facing trendline at 1739-1740 level. Since then sentiment is semi-bullish. Price broke the 1750-752 psychological level after the Fed minutes release. Fed minutes release showed that Fed officials see a smaller interest rate hike in future. (BOC also hints the slowing pace of rate hikes). The policy...

decentshaw

After the FOMC November interest rate announcement we saw Gold making highs. Gold price make a major breakout at 1680 and entering 1700 levels. CPI announcement added fuel and we saw gold going against all odds and most technical analysis. Current Gold price movement is sweeping the Retailers account. To me it will reverse pretty soon. 1780 - 1805 Where 200...

decentshaw

Hello Fellows! As I published last post , Gold (XAUUSD) perfectly moved as predicated in the charts . I hope you caught the move and add good pips. Currently Gold is moving with in the upward Channel which is bullish sign (Breaking the channel down may discharge the scenario). Today Gold Kissed the 1800 Psychological mark and went down. currently poking around the...

decentshaw

GBPJPY- Expecting Long from Support- Daily ascending Trendline. Price is above 200 SMA . But on HTF we are also seeing Lower highs and developing of ascending triangle . Expecting price bounce from the Support. On fundamental front. BOE is on roads to Raise 25 BPS interest rates in Aug. Though 50BPS under discussion ( Remote). This can act as catalyst to GBP pairs...

decentshaw

Watching a breakout developing. Looks like a text book breakout. But a little bit more confirmation required. Overall bias is long. Looking for Long positions upon corroborative confirmation.

decentshaw Updated 

We saw XAUUSD making a New low at 1781. We also saw price rebound from 1785 then afterwards 1781. Price make a breakout of downward channel on announcement of interest rates hike from ECB. I think intent is very clear. Now Gold is betting on the FOMC interest rates announcement on 26-27 July. I believes all the odds are priced in. We may see price increase after...