During Asian and euro sessions on Monday, gold price has successfully rejected by resistance of 1714/1715 and then steeped under 1700
As plotted in daily chart, there is a potential uptrend support at around 1660s to support the upward trend from 1267 $/ounce in year of 2019, along with the strong support at 1450
Therefore, i see that it would be very...
solid support = 1.9c
approaching resistance = 2.5c
need to break through 2.8-3.0c
1st target = 3.9-4.0c
MACD in daily chart is about to cross over above baseline
RSI moving up over 50 into buyer market
See how 1.0c holds:
if price went down below 1.0c, then next is 0.6c;
if price stayed above 1.0c, then 2.0c is very likely to be tested .
Strong resistance (near term) = 2.0c
Next step will be :
the company is considering extending airborne magnetic survey further to both the south and the west of the area surveyed and now working on a drilling program and...
This pair is in a weekly downtrend from 0.976 in 2013 to recent 0.7185.
As price had tested 0.7185, touching the descending trend line and successfully retraced a little, signals that AUDUSD is still quite strong and might seek to test 0.718 again.
Keeping an eye on how this pair act near 0.718-0.72.
As for fundamental side, Fed Interest Rate Decision and...
let's have a look at the weekly chart, there is a potential ascending trend, of which the support sits at 0.926 , which is also horizontal support here.
Next important support = 0.918.
Price held in support zone of 0.918 - 0.926, shows the likelihood of back to sideways of 0.918 - 1.025 and validation of weekly uptrend
Try to set up long positions from...
Let's look into a big picture.
There is an ascending trend from 89 in 2000;
weekly support -->114.40 , which was successfully tested as a solid support yesterday
Short term, it's probably back into the downward channel as plotted, key resistance --> 117 level
I'd buy low above 114.40.
with the strong economic numbers of AU released in last week, AUD performed really strong, but was rejected by 70 level and then turning head down.
Intraday, expect this pair found support at 68.
open long position at 68.0-68.1, 30pips of SL. mid term target = 70-70.3