Looking @ daily time frame, gold is looking very weak... Selling pressure is pushing hard! Not jumping down yet. wait for some pullback early next week.
Seller & Buyer Fighting @ this crucial price zone might see a slightly pullback as go into next Thurs FOMC. technically price sideway @ ema200 + look to the left prev breakout strong bull. bias pullback before push further down if break ema200 really look strong downside to 88.00 & more into next year...
Price action still very weak for EUR.. daily price action sideway...potential breakout to upside or downside. long term view still bearish despite EURO stimulus package kick in... maybe will see some correction soon before heading down further...
my gold my gold ... price due for some correction before buy back pressure coming back again... new CREDITs is coming back very soon which side will you choose?
Description in the chart!! Price had regain the 6.96 critical level !! even PBOC cut rate but US cut deeper rate and pump CREDITS into the system Last year REPO CRISIS is a trigger but manage to solved with more CREDITS pump back into the system. ASSETS price will surge with artificial CREDITS over the real value of the assets. This world is mad with CREDITS....
PA is hover above 51.50 level & there are a huge demand zone down below 51.50 if PA continue to weaken and PA might continue to fall towards 48.00 level Price had fallen from 65.50 zone since IRAN-US potential war issue late end 2019 might see price to continue to fall below 45.00 if broken, critical support. World fundamental issue can trigger lots of emotion...
Wait price to form support before entry... if price break down NY open then continue the flow...
wait for another quick break to above as support form @ 1.05000 otherwise if PA break down from the box strongly.. bias changed
PA had broke out and given bullish bias ... wait for retrace to buy!
PA still looking downside for this pair... no much buying pressure from this month since Brexit deal deadline today. The result might as price in already for bot EURO and GBP bank traders. Anticipate to buy from premium demand zone below in coming months.
PA rejected 1.12400 again since Aug 2019 Aim to retest the support @ 1.0900 again, if this level can hold then will be a strong rebound for this pair, otherwise broken below 1.0900 will give way to more downside to next major support @ 1.0500
Price Action peak @ 99.91 yesterday and since it being moving side way.. anticipate bear show up sooner or later next 2 weeks. counting down for next phase of bull, keep riding on this trend up with critical risk management. Major inflow of dollar to US across the world had pushed DXY rally so much... will they stay or leave soon? Any downside of US news will...
monthly showing sign of bearishness & further testing the upper trend line. Once broke this trendline, will open PA to down fall towards the immediately support @ 1.4300 zone
Daily chart simple showing an inverted H&S plus 2 retest on 96.50 on late July last month before this rate cut thing... and after rate cut, market did crash from 98.90 high then now PA quickly pullback to fib level 50.00 zone which often market did a healthy pullback for further push higher... i foreseen this last push will be much greater strength to trap the...
Trade as shown... PA rejected from support and made a pullback before continue upward... to prev daily resistance zone.