diego.quevedosanchez

diego.quevedosanchez

After appreciating a bearish extreme for both traders, commitment of traders for gold, and extremely damaging news, it is likely that the interest to sell at these levels has vanished, since most have already sold gold, and the Price now only has to ascend, is in a good level of purchase and most investment banks including Goldman Sachs control gold. The prospects...

diego.quevedosanchez

Price has broken area of value upwards, with stocastic upwards, and above area of 50, looking for resistance.

diego.quevedosanchez

When the gold ends up breaking the value zone, with a rising stocastic, the price of gold will shoot up to 2170.

diego.quevedosanchez

The price turns are usually very slow and exasperating, but the dollar index is slowly turning lower, the latest movements of Trump and the FED make the US economy end up destabilizing, proof of this is a dollar that can not exceed a and again the resistance, and most likely after accumulating bearish figures the untimely one SHS in multitemporal resistance,...

diego.quevedosanchez

The price has gone to seek daily support quickly, leaving below the channel, the indicators begin to turn upward, most likely that the speed of fall causes a setback of the price to 1270 area where the top of the channel, that the weekly price has not corrected indicates that the sale is being too fast, and that a reversal could occur.

diego.quevedosanchez

The dollar has broken a bearish wedge in a resistance both daily, weekly and monthly, now apparently doing a pullback, the strength of the dollar is still deceiving and is based on the tax reform of Trump, and on a wrong idea that the dollar will protect from a commercial war, when it is most likely that the US economy itself will suffer the consequences.

diego.quevedosanchez

Gold is in strong daily support, there is bullish divergence in the macd, the rsi and koncorde are showing bullish direction, with a good chance of returning to 1270.

diego.quevedosanchez

USDZAR update, the retracement from bearish directrix is consummated, the pair should go to zone of 13 as possible purchase zone, to look for to overcome level of 14.

diego.quevedosanchez

Gold could be starting to build a reverse shoulder shoulder head.

diego.quevedosanchez

The pair has generated a bearish wedge in the resistance zone, the persistence in the press that the dollar is very strong and will continue to be, makes it more likely that a technical correction will occur, and that this will allow the pair first go back to 13.40 and then to 13. Each time the pair reaches 13.90 it is rejected, even producing a false break last week.

diego.quevedosanchez

The DYX forms a bearish wedge on a one hour chart approaching maxima and weekly resistance again, the dollar's rise today is unjustified, since the macro data show deterioration of the US economy, totally indebted. The only reason for this disproportionate rise is the fear of commercial war and false security in the dollar.

diego.quevedosanchez

The gold reaches a significant weekly support, which crosses the bullish guideline, we have to wait to see what happens in this area, because it is a very interesting buying area.

diego.quevedosanchez

Added to the bearish doji in weekly, the pair has just generated shoulder head shoulder on a 1h chart, now it is expected to confirm the pattern, the dollar will gradually weaken, there are reports that the purchase of South African Rand is attractive, as one of the most stable emeregent currencies.

diego.quevedosanchez

The strength of the dollar and the improvement of macro data comes not because of the improvement in the US economy that continues to be in debt, with a trade balance and a trade deficit with a very bad solution and more after Trump is willing to complicate the situation even more. from the USA. This pseudomejora comes from the doping of Trump's tax reform, and...

diego.quevedosanchez

On reaction to the Trump tax reform and excite punishment to emerging currencies, possible return to zone of 12.5 and from there change of trend or deeper retreat, the strength of the dollar is not yet very clear. Forecasts for the pair said that it would reach 11 by the end of the year.It is known that parabolic climbs are unsustainable over time, and this will...

diego.quevedosanchez

The pair is in a downward trend trapped in a bearish channel, the price is heading to the channel's maximum area, the indicators do not show turn, it is most likely that the pair will head back to the 12.43 area, and from In this area we will see what the pair will do if it goes back to zone 11.50, or on the contrary there are signs of a change in trend. Most...

diego.quevedosanchez

The parabolic rise may be coming to an end, since on Wednesday the CBT confirmed aggressive measures, confidence in TRY has recovered momentarily, added to the hch in 1h and various signs of exhaustion in both daily and semal, now the pair is touching adjust excesses of the previous parabolic ascent, it is most likely that it is now directed to zone 4.10 decision area.

diego.quevedosanchez

In 1h you start to appreciate the formation of a shoulder shoulder, as in 4h, if you confirm the price would go to the support area in weekly 4.1, which coincides with what I was analyzing in higher periods.