AS posted last week, Gold met our criteria 1320-1328.00. C leg complete following up on our D leg on the way down.
Follow up on this. ABC leg 61.8 has been completed. Potential target -0.27. 1.33000 holding daily support Pin bar rejection. Whos in control? Buyers. 1.37000 needs to be taken out in order for a new HH to be formed allowing the D leg potential radar 1.39000.
XAU/USD up to date, Who ever is selling GOLD at this price needs to re think their positions. Sellers seems to be pushing price below towards 1925.00 which is around 61.8 fib attention level and also a key level for minor Demand. I believe buyers are looking to take their positions in now as the 1295.00 offers a better risk to reward ratio towards 1320.00. Theres...
EUR/AUD price reaction attracted back towards 1.6000 Weekly resistance which is holding at 50% fib level.
XAU/USD Set up. From a technical standpoint I do see Gold running to 1320.00. seen as 61.8 fib level which price is magnetised towards. 1320 is also lined up as previous support stretched as New found resistance only if price can react at that radar. I'm looking forward for price to react at that level. My bias is to take a short there once price shows me...
USD/CAD- CAD fundamentals pushed UCAD higher creating a HH allowing traders to see that we are in a trending market which makes it easier for us to trade the market. WHY? due to the fact that the trend is your friend. H and S completed below referring as a reversal pattern on UCAD. A break above 1.33500 was also necessary and as possibilities occurred now we...
Eurjpy currently at previous resistance, looking for a push down to the upside and capture 50 pips at least. strong resistance.
Usd/Jpy, Looking for price to test the area and reverse as long as it respects the Long down trend line from previous 2 touches. We also see divergence in the RSI of price losing momentum and strength, so we should next see price losing total momentum and resume its downside from 110..932.