Todays is Holiday that's why USA market is slowed. Gold is currently being rejected just above the Higher High’s trendline of the Hourly 4 chart’s $2058-$2062 area .Gold will start new multi-session Bullish pattern that will remain next 4 sessions however breaking trio Support $2050-$2052 area will represent possibility for aggressive decline towards $2040-$2042...
gold is now consolidating range between $2020-$2045 however, the next CPI today will let gold to break the consolidation zone .multiple attempts were rejected by $2020 support. In my opinion sellers are waiting for the hike to capture the right entry .I am heavily on sell but in long term trade.it just about my prediction do risk management.
The technical analysis suggests a bearish trend with $2026 - $2030 yet shows as a strong Resistance .However ,the current price action continuously trying to shatter the $2017.72 2020.16 pivots points for completion of first bearish cycle moreover,$2025.21 -$2027.82 are the R1 &rR2 points which are meant to be tested if gold makes a reverse tail to shows some...
Technically gold is on selling wave howere its the 2024 first candle as yesterday the implusive move is a favour ( sellers fisrt gift in 2024 ).Contingent on $2050-$2052 break then $2040 support will be tested with in a session.According to the comodity Exchange data 68.9% commercials sellerd are holding theirs sell trades however, this data is changed after 2...
EUR/USD currency pair is exhibiting a bullish trend Presently 1.10560 and we are aiming the bullish trend however the dx is still on declind at 101.390 and expected to reach 100.90 the lower high supply zone area. if 1.1075-1.1085 lower high resistances are broken next target will be 1.1220.personally i expect Eurusd will be on long run.
No surprises so far as rejection on $2070 - $2072 Resistance level which is hard Resistance zone ahead of $2120 psychological benchmark. However, gold is in consolidation Zone from $2048-$2052 points to $2068-$2070.what would to do in that scenario ? As DX and Bond Yields are on declining run .Technically If the support $2048-$2052 pivot points are going to break...
GBPUSD still continues to rise on the third day of the week, trading around 1.26999 and marking a impulsive move. The bullish channel is still working and the pivots points 1.28486 will be marked Asap and 1.3020 will be delivered.
As the long term gold sell targets are range between 1750-1800 however gold is ignoring the dollar index and creating the implusive structure. Moreover, the intraday targets are $2018-$2022 .
i am expecting Gold BUy for medium term $2040-$2050 to test the first lower resistance if price gets Reversed and reselling oppournity but overll gold is consolidation for netural zone for atlest 2 sessions and afterall that selling opition is forbidden for while .
For the short term gold sidelines remain bearish till the support $1952. As expected the TSE:1972 - HKEX:1986 Support zone for the short term trades.
Just the roughfly idea ,description will be on monday,
Last week gold tired alot to breakout due to high volitality USD was as strong but gold didnot cross 1730.Gold was giving nothing but Low reliability signals as Resistance/Support breakouts were invalidated most of the times. As discussed, these are Fundamentally driven sessions and unusual spikes are part of it. The Price-action is under extreme Hourly 4...
GBPJYP TRADE SETUP Guys you can see in the D1 Pin Bars GbpJpy is at spot of 134.86 and and its make Pin Bar that indicates the impulsive momentum towards sell direction and the next target of its near resistance 132.86 in the D1 if its break that point so its next traget will be 130.000 Guys dm us if you have any query or you want to discuss about Trade setup
Guys AS we seen today that that CAD is strong due to "INTREST RATE DECISION" .their is no change in the intrest rate .USDCAD reaches its next strong support 1.35000 and it has more chances that it will rebound back from that point and again addpot the implusive momentum towards Buy direction.in case if its break 1.35000 than its next stop will be 1.3380 so guys...
the expectations of continuing the bullish trend for the rest of the day, and the ways is open to achieve our next target at 18400.The expected trading range for this week is between 1780.0 support and 1810.00 resistance. so Guys follow it with you Experience and you will get 300-400 pips confirm on this zone. As you seen my last prediction we got 300 pips...
GBP has chances to fall little more in the down trend but in intraday trades
As we mentioned that and you aslo notice my previous prediction is almost hited i mention 1760 but lastweel it close at 1740 ,so the remmaning points will be Achieved this week inshallah. This week there is a certian chance that Gold will retrace back at point 1730 then we can get the stronng buy Trade in the Flying direction at point 1760+.
guys follow EURCAD its confirm entry