DragonCaptain

DragonCaptain

Buyers will wait to enter a rebound trade from 1.3700, outlook remains solid for bulls. Good luck with your trades.

DragonCaptain

Gold may turn back to the 1770 zone as buyers can enter to profit-taking against the USD correction move but the outlook remains negative or bearish for Gold. Gold will remain calm for early weekdays, but economic data in late-week can turn things in again.

DragonCaptain

Gold has and yet again rejected from resistance. Target in view is 1750 to the downward. Good luck with your trades.

DragonCaptain

USDCHF has shown strength at the resistance level and is ready to break the top resistance, a buy entry on indicated retracement level could give us a potential profit target at the 1.9500 level. Good luck with your trades.

DragonCaptain

GBPJPY has a perfect uptrend to trade on a pullback and ride on the trend for further highs. A buy entry at 147.95 would be the best opportunity. Good luck with your trades.

DragonCaptain

Gold is trading nearly flat on Thursday after testing an 11-week low earlier in the session, underpinned by a weaker U.S. Dollar and a slight dip in U.S. Treasury yields. Gold is currently trading inside a long-term retracement zone at $1787.30 to $1711.70. This zone represents value so we could start to see some bottom-picking.

DragonCaptain

Bullish trend remains strong amid Brexit, targeting 1.4400 level but a retracement/pullback is about to take place to settle down profit taking by trades and an opportunity to buy, long term target is 1.5000 level.

DragonCaptain

Gold is trading nearly flat on Thursday after testing an 11-week low earlier in the session, underpinned by a weaker U.S. Dollar and a slight dip in U.S. Treasury yields. Gold is currently trading inside a long-term retracement zone at $1787.30 to $1711.70. This zone represents value so we could start to see some bottom-picking.

DragonCaptain

AUDUSD has broken above the long-standing resistance aiming for further growth in Aussie dollar over time,0.7900 is approaching, A retrace back to earlier support will offer the best entry point for bulls.

DragonCaptain

EURUSD outlook turned bearish as on daily chart, the price action as rejected multiple times indicating a touch down to support line.

DragonCaptain

Right now, the outlook doesn’t look too promising for gold to hold onto 1764 low, but before passing too much judgment we will need to see if it actually breaks. To consider the level fully breached, given the long-term nature of it, we will want to see a weekly closing candle below.

DragonCaptain

AUD/USD pares the decline from earlier this week despite the kneejerk reaction to Australia’s Employment report, and looming developments in the Relative Strength Index (RSI) may indicate a further appreciation in the exchange rate as the oscillator appears to be on track to take out the bearish trends from earlier this year.

DragonCaptain

EURUSD is reaching the strong resistance at 1.2150 level, which already has multiple rejections. it can provide a straightforward opportunity to target 1.950 with an exit point just above 1.2200 level.

DragonCaptain

We saw last week that problems getting the vaccinations distributed, rising coronavirus cases, weakening economic data and a dovish tone from the Chairman of the Federal Reserve failed to fuel a rally in Gold. And why was this? Rising Treasury yields and safe-haven demand for the U.S. Dollar.

DragonCaptain

Economic recovery hopes and production cut by OPEC is feeling the Oil, which is an overly optimistic approach. We can soon experience some sideways movement before it further marches higher.

DragonCaptain

GBPJPY has a perfect uptrend to trade on a pullback and ride on the trend for further highs. A buy entry at 145.15 would be the best opportunity. Good luck with your trades.

DragonCaptain

EURUSD is reaching the strong resistance at 1.2150 level, which already has multiple rejections. it can provide a straightforward opportunity to target 1.950 with an exit point just above 1.2200 level.

DragonCaptain

Gold has lost its bullish traction amid strengthening the USD bond yield and positive outlook for USD. 1800 mark is reaching and will soon be breaking here. The target to get is 1765 this week. Good luck.