GOLD: US dollar hits gold prices down And so, GOLD, as usual, most of all feels the pressure of the US Dollar (in this case). This is the specificity of these two trading instruments: the weakness of one is the strength of the other (in most cases). So this time, GOLD is falling, and it is expected to fall more. An approach to the upper border of the support area is planned today.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD-SILVER
GBPUSD: to last week's lowAnd so, the pound is also feeling pressure from the US dollar and continues to fall. At the moment, there is a high probability that the instrument would fall to the low of last week. Most likely, the minimums would be updated.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Gold and Silver most important support and resistance levelsMoving toward 1800 is expected for gold.
In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days!
What Is a Three Outside Up?
The three outside up is three-candle reversal patterns that appear on candlestick charts.
The three outside up is a bullish candlestick pattern with the following characteristics:
The market is in a downtrend.
The first candle is black.
The second candle is white with a long real body and fully contains the first candle.
The third candle is white with a higher close than the second candle
Three Outside Up Trader Psychology
The first candle continues the bearish trend, with the close lower than the open indicating strong selling interest while increasing bear confidence. The second candle opens lower but reverses, crossing through the opening tick in a display of bull power. This price action raises a red flag, telling bears to take profits or tighten stops because a reversal is possible.
The security continues to post gains, lifting price above the range of the first candle, completing a bullish outside day candlestick. This increases bull confidence and sets off buying signals, confirmed when the security posts a new high on the third candle.
Reference Article:
www.investopedia.com
EURCHF: do not stretch buyingAnd so, the EURCHF pair remains SELL-mood. However, at the moment some weakening on the part of sellers has been recorded. Thus, it is expected that the instrument would correct upward. It is not recommended to keep BUY-positions for a long time, as the mood is bearish.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
XAUUSD 1D TF : 01.Oct.2021Well, as we know, today is the last trading day of the week and the price was fluctuating in a downtrend ... we have to see if the price can break this important X-Point resistance with starting the next week or not ... now the price is in There is a strong resistance range ... If this resistance breaks, we can expect to climb to $ 1787 and then to $ 1805. If the price fails to break this range, we can expect it to fall to the previous Lower Levels ... OANDA:XAUUSD
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 01.Oct.2021
⚠️(DYOR)
EURCHF: growth expectedEURCHF was approaching 1.07 in August, but lately the pair has moved higher and was briefly above 1.09. Some analysts expect to see EURCHF at 1.11 in 12 months. It may be realized on high eurozone CPI.
Proposed deal for this tool:
Entry Point - 1.07883
Stop Loss - 1.07657
Take Profit - 1.08108
GOLD: growth is limitedAnd so, an upward impulse was showed yesterday. For today, it would inspire bullish sentiment only in the short term. It is too early to expect decisive action from buyers. The main support remains at the level of 1723. Also, the support area may now be 1740 - 1747.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
USDCHF: going wellAnd so, USDCHF rose above 0.9350, but failed to close above this mark. There are some signs of weakening bullish momentum. Given the moment, the pair may begin to consolidate and retreat a little.
A close above 0.9350 would target the March high (~ 0.9472). A drop below 0.92340 will ease the bullish pressure.
Today, a downward movement is expected within the boundaries of the uptrend channel.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Brent: most likely consolidationAnd so, oil prices on Thursday showed an indecisive attitude, but ended the session with decent growth. Such dynamics most likely indicates the potential for small consolidation in the short term. The bullish sentiment for the instrument is maintained and a slight pullback to 76.15 is expected, from where it will be possible to try to buy.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURUSD: here sell go againAnd so, the euro is trading around 1.1580, another updated low this week. In the short term, the instrument will undoubtedly retain its bearish priority. The pair is likely to grow, but this growth will take place within the correction, we are unlikely to see buy signals.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURGBP: after strong impulseIt is assumed that the pound may continue to receive support amid the likelihood of a rate hike in 2022.
Some analysts believe that after last week's meeting of the monetary policy committee (MPC) may announce a small rate hike in February. This opinion gives hope to the bulls. However, we cannot exclude this fact and say that the pound will not meet many obstacles on its way up in the coming months, since there are a number of fundamental reasons for this.
Proposed deal for this tool:
Entry Point - 0.86273 (Sell-Stop)
Stop Loss - 0.86518
Take Profit - 0.86026
GOLD: last line of defenseAnd so, the breakout field of the level of 1740 is gradually retreating. In turn, the level of 1723 provides support and does not allow the tool to collapse completely. At the moment, recovery is expected within the downtrend channel from the support line to the levels of 1740 and 1747. Potential growth will give optimism to buyers.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURUSD: drawdown took placeAnd so, at the end of yesterday, the Euro could not withstand the onslaught of the currently strong US dollar and dropped to the level of 1.16000. This fact is clearly not in favor of purchases, which can only be talked about when the price exceeds the level of 1.6665. At the moment, it is assumed that the price would be in the range from the level of 1.16665 and below to the annual minimums updated yesterday (~ 1.15890).
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Vox Royalty Corp Rally ContinuesDespite the decline in the spot precious metals prices, the royalty and streaming company's latest update has kept investors keep to buy value.
Based on relative strength among all TSX and TSXV stocks over the past 30 days, VOX Royalty Corp ranks 11th in metals stocks, 19th in basic materials stocks, and 26th in companies outperforming the market.
money.tmx.com
money.tmx.com
GOLD: keep the previous courseAnd so, we keep the previous course. The instrument is likely to further consolidate in the support area. A stop for sellers and their retreat will be the price approaching the resistance level of the downtrend channel, and thereby fixing the price above the level of 1747. In the future, this may lead to a promising counteroffensive of buyers.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GBPUSD: just doesn't give upAnd so, the currency came close to the support line of the downtrend channel. It is expected that the Pound would not give up just like that and an attempt will be made to recover, at least to the nearest resistance (1.36010).
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURUSD: elections in Germany The results of the elections in Germany did not bring any surprises, so the markets took them calmly, and the Euro began a new week with an increase. Overall, EURUSD has upside potential today, supported by the results of the elections in Germany and the general bullish sentiment in the markets.
Support at 1.17050 will serve as an excellent entry point for today. The target is located at 1.17490, and the stop loss can be moved to the level of 1.16610.