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LONG ON GOLDThe hole of last week price surged upward due to the recent event of Russia and Ukraine crises. Price managed to reached the previous price level at 2074.00, and we saw price respect that level and made a retracement down to 1960.55 price level and at 61.8% fib level from the previous low on a daily timeframe. But due to the current event going on with the price of oil going down, price is likely to continue its bullish movement the week ahead.
EurUsd Sell (Daily)Here shows a simple analysis where The Euro is going to lose value against the US Dollar. Price not to long ago broke a major trendline and has been bearish ever since. Price is currently borderline testing a recent resistance Zone. After price test this resistance zone it will reject and sell towards the next support zone creating a new Lower Low for this new downtrend.
USDJPY - FOREX - FEB 01 , 2021USDJPY Analysis Update: UJ fully Reached resistance 104.973 as predicted and broke trend-line. Expect a continuation buy towards next resistance 105.661 as long as UJ satay above trend.
Once reached expect a possible retracement from resistance for a continuation buy long-term daily timeframe.
EUR/USD BUYHere we have a bullish market. An uptrend consisting of Higher Highs and Higher Lows. Price recently brought off of a support zone that has already been tested 4 times previously. This new support zone was created after Election day November 3rd. The first test of support was on 11/05/20 around 2pm. The second test of support was 11/09/20 around 6pm (after New York session). Third test of support was 11/10/20 around 6am. Price tested support zone for the final time and broke to create this uptrends newest Higher Low. Price is currently above that previous support zone and buying towards 1.20111. Price is expected to reach a resistance zone previously reached back in the 1st of September ultimately for a new higher High.