Phoenixtraders
Gold seems to be more valuable than dollar. Isn't it?Conservative Investors will not do much of Risk in this time! Means that Gold will be more valuable than investment for coming days when we don't know who will be the President of USA in 2020. Also Gold was already in the bullish rally which can be supported till 1910$ atleast.
GBPNZD keep slipping against the Trend line?!When crossed the bullish trend line, continued the slipping till the last week ended and jumped to the below center line of the bullish channel.
Seems that supply is more stranger than demands and sellers imposed their power in the market. If the situation remains the same, GBP will drop till the down side channel line or even more. Unless this week starts with the news supporting pound price.
Seems that Gold entered a Bullish Rally againfurther to the positive news regarding #stimulus deals and the rising of dollar sellers and also #stocks and #gold buyers, it seems that #gold has entered an upward channel that is increasing in the strength of buyers day by day. Unless negative news is heard again from #United_States.
New Bullish movement appearsIn along term slightly bullish movement appears. However in a weekly move seems to gain stronger momentum.
Gold is stocked in a triangle pattern After breaking bullish channel (which was started from last week September) with a sharp bearish movement last week, price seems to shape a triangle that is between resistance zone on top and bullish trend on down. We don't see much difference between supply and demands that will guide us to wait till buyer or seller shown up with the stronger weight in market.
Looks like a new cycle of range almost started.The price has become in a long-term range after exiting an uptrend channel(previously announced), which comes from the positive news of the Brexit negotiations and the influx of pound demands, means that will pushing hard to bullish and reach to higher zone. Of course, any disappointing news from these negotiations may bring the price back to the lower range.
Still short position is much safer Further to the stronger demands on selling Pound in market and based on the resistance target meet, seems to have more chance of short positions up to first supply zone which might change the market balance after.
NZDUSD seems to be stronger in demandThe first step of demand has been so strong that it has crossed the resistance zone and after that with a weak pullback, seems to have a second rally to reach to the second zone. However fundamental news telling that stock market is getting worst which might push the equities to the safe currencies like #dollar.
