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Surge In Outbreak May Keep This BearishThe outbreak is rapidly spreading in the US with no signs of the slowdown happening yet. If you haven't been paying attention to this pair lately, it's been making some pretty strong moves each week. I admit that I was even sleeping on this little bit, but not anymore. This will be one of my top swing trade pairs for the next few weeks or months. I've actually been enjoying is several day rides and I'm going to keep continue to do so. As you may notice, I have bigger targets on despair due to the way it's been moving lately. Here is your TPS: BULL TPs: • 0.95716 • 0.96542 • 0.97306 • 0.97942 • 0.98358 • 0.99026 • 0.99673 BEAR TPs: • 0.94910 • 0.93980 • 0.93476 • 0.92505 • 0.91845 • 0.90554
by NikaJourney
Gold Is Struggling To Get Past A Daily Key LevelThis actually looks like a slowdown of bullish momentum overall to me. It has rejected the daily SR zone of 1684.68 multiple times and is becoming overbought on higher timeframes. We may see another stutter step before another move toward the downside. But the Coronavirus procedure here in the U.S. has been flawed due to lack of preparation and the market is been reflecting that. So if we do continue bullish, it'll be because of news on the United States right now. Here are your TPS: BEAR TPS: • 1652.46 • 1635.33 • 1612.96 BULL TPS: • 1683.62 • 1697.70 • 1720.94
FX:XAUUSD
by NikaJourney
2
The Short Looks Like It May Continue...Where price is consolidating at on the 4hr became a very thing doji that retested a bearish engulfing candle. This could indicate another small retest before continuation back down or we're just gonna keep plummeting. I want to see if we're going to keep going past the daily SR zone for 135.674 to the weekly. Or if the temporary long move does occur, will it stop at the monthly zone of 140.009 or not. Even though I do see a reverse inverted head neck and shoulder formation happening on the weekly, it'll take a while for it to complete the right shoulder. That is, is price doesn't feel like keeping the bearish momentum in play. Here are the TPs: BEAR TPS: • 135.909 • 132.775 • 131.018 BULL TPS: • 139.393 • 140.009 • 141.288 • 142.510
Short
by NikaJourney
1
The Bull Market is Strong With This OneWith Gold looking extremely bullish, looking for a pullback to the daily to 1629.31 before a continuation. After looking at the higher timeframes, I don't see any slowdown for the bull markets yet. But since this is the end of the month, we have to see what it wants to determine before the new month begins. BULL TPS: • 1662.05 • 1684.68 Will post new TPS once it clears those. We are in a monthly zone. So reaching that daily will mean we have broken out of it and will continue up. BEAR TPS: • 1629.31 • 1611.27
FX:XAUUSD
by NikaJourney
1