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Elections

Golden tunnel still in game!Golden forecast for next week! Monday (1st May) is bank holiday and markets will be closed. However, on Wednesday 3rd of May snap elections will be organised in UK. Last time British people voted to leave EU price of gold moved up. I expect the same to happen this time - as described on the plot! Conservative party ruled by T.May will win these elections with significant majority of votes. Since that time UK will begin Brexit negotiations, GBP will move down to EUR and USD. Just few days after British elections there will be second round of French elections (Sunday, 7th May). I predict E.Macron to win presidential elections that will cool down markets and gold will move down again.
FX:XAUUSDLong
by Simon_says
Eur Usd long 09-03-2017hello dear traders & welcome to growing Forex All eyes on M.Draghi. As of tomorrow the EU said that all the 28 countries economy are growing at a faster rate from the US. Still political uncertainty in Europe its about Greece debt its about France elections it looks like Germany is all alone. Germany minister Wolfsgang said Germany alone cant handle the pressure from the US. For the US tomorrow comes the NFP & later the interest rate decision.Looks Like the pair is trading in a consolidation where a boast is needed to confirm a trend.
Long
by GrowingForex
USDMXN: Uptrend continuation hereUSDMXN has fired a nice buy signal here, so we can enter gradually over a couple days. If it doesn't move back down under yesterday's open, we can expect significant upside to emerge from here. The fundamental key levels will tell you what prices will probably do with good accuracy. Please refer to my educational chart on the subject, or ask, for more information. Going long USDMXN here is a good idea overall, since it acts a bit like a hedge against SPX during risk off events. Good luck! Cheers, Ivan Labrie
Long
by IvanLabrie
2
Exploding from the 200 days MA line - What's nextSPX exploding from the 200 days MA line as the Market is enthusiastic about potential Clinton win. 2080 was the target zone of my previous bearish setup and it was a strong daily support zone that was also mentioned in my previous analysis - Those of you who capitalize on it - Good job! What's next? Well... tomorrow is the U.S elections. Anything can happen. The next major resistance zone that SPX will encounter with will be 2150 (2140-2160 to be exact) It has several trend lines that should act as resistance, it has structure, it is the 61.8 Fib level and its where the price will meet the 50 days MA line (resistance) If you want to bet on a bearish outcome to the U.S elections, that can be a Price Zone that you want to check out. Bulls can bet on new record high with such bullish reaction to the 200 MA line
FX:SPX500
by themarketzone
Post-election returns pattern from 1996We have an interesting pattern, going back to the 1996 elections. I overlay the one year inflation adjusted returns of the dollar, S&P500, gold and 30 year treasury yields. I see some paralells regarding price action, and would be interesting to see if we get a similar situation going forward. This is just an observation and what I think is likely to happen based on the pattern of price action after the elections. Feel free to leave your comments. Cheers, Ivan Labrie.
TVC:DXY
by IvanLabrie
7
An Election Reflection for GoldGold has had a great run since our last outlook from our first and secondary levels of support, and price action has been able to climb through our intermediate target of $1,301. However, due to the potential U.S. election upset by Donald Trump, the decline in the U.S. dollar and general market turmoil, the gains in the yellow metal have come quickly. Near-term, the z-score of daily price action is 2.19 (down from 2.5) with the stochastics showing a potential for an overbought sell signal. On the other hand, the z-score on the weekly price action is -.39 and is combined with a healthy RSI and increased + DMI activity. Translation: gold has the potential to pullback near-term, especially is Hillary Clinton wins the White House on Tuesday. But, the longer-term trend still remains intact and healthy for further upward extension. Likely to see continued resistance between $1,308-10 with nearest support near $1,284 then $1,262. On the risk aversion aspect of the coming election, a Trump win would give gold the boost to challenge the overwhelming downtrend – tested twice this year but failed – created as gold fell from $1,921. If you want to learn more follow @Macro_View on TWTR and go to macroview.co to get on our waiting list to subscribe! Our exclusive analysis on precious metals can be found at Bullion.Directory. Original article posted here .
FX:XAUUSD
by MacroView_Research