Two major reports are set to be realised this coming week. On Tuesday ,we will see the Producer Price Index (PPI) AND Core PPI, but the Spotlight will be on the upcoming Consumer Price Index . Given the current economic Climate, these reports could significantly impact gold prices. my short target before all these are annoyed is 2493.
gold today looks like it will go test the trend line from where it broke for long. support is around 2360-55. it does also has an M Pattern going on making that the neckline.
HI FRIENDS , this pair broke out for long around the area 1.37018 and continued to go up from there. it there turn down around the resistance and continued with its journey of retest. this retest should be complete around 1.36612. more sell can be taken
OIL prices continue to experience a sluggish trend ,even the rising tensions in the middle East have FAILED to significantly impact oil prices. Chinese crude oil imports continue to DECLINE, signaling a sluggish recovery in the worlds second largest economy. Technically it has broken down with the Elliot wave or is it false break-out? The news so far supports a...
HI friends after a successful sell we had on this pair I think its time for a buy retest.Fridays's PCE deflator report supported the arguments favouring the FOMC RATE CUT in September. before we see a more downside to this pair I see a buy coming with the structure of an M PATTERN inside that triangle. to completely be an M 1.09945 HAS TO BE TESTED and go down...
HI FRIENDS after we reached both our targets 2479 and 2315 on the analysis I gave last week, this week we may see Gold starts consolidating higher and sell off once the market settles. it has failed to break the resistance of 2480 and we may see more sell coming BEFORE September rate cuts. target on this pair is 2388 RIsk wisely
DURING the FOMC news yesterday, gold rose to 2455 making a complete retest on that wedge. We may see it fall slightly today. my first target being 2405
HI Friends this pair has been going up for almost a week now it looks like it's ready to break out. As we see this upward trend was in a curve channel if the curve breaks will be looking for shorts from where it broke out. GOOD LUCK. we also have inflation data coming out this week so lets keep an eye on it .
This looks like it has reached our resistance zone . With labour market statistics coming out this week I am looking for short now with the hope that there will be strong labour market which will be a positive factor for the pair and that will allow the central bank to postpone rate cuts. our targeted area is around 1.28365 .what do you all think?
HI friends as per my last idea on this pair , we saw it going down this past week and reached our target on the sell by Friday. This week I am hoping to see a buy to 1.29630 where it previously kept bouncing down from that resistance. HOWEVER , its it fails and break down below 1.27480 we may see it go down.
Renewed optimism over ceasefire talks between Israel and Hamas put downward pressure on this pair after the Israeli Prime Minister said a ceasefire AGREEMENT could take shape . Friends I am LOOKING TO SELL THIS TO 2300 .
This pair went down last week and bounced at the support area of 2355 . IT is trading in the rising wedge and has now formed a (w) pattern. I am buying to 2420 and more if that target breaks
HI GUYS we saw this pair retest the last point on the support 105, It has since been buying from there . I am targeting 121 as the first tp and will enter more buys above 122 . Good luck and risk wisely. BELOW ARE ONE OF MY ANALYSIS THAT CAME TRUE ON THIS PAIR
this pair has just broke another resistance so we can buy more ... its going to go test that trend line where it broke for sell.risk wisely
The US dollar weakened after the US PRESIDENT decided to opt out of the 2024 election. Investors are now assessing the implications of the decision for financial markets and global monetary policy. Eurozone consumer confidence is estimated to reach its highest level since February 2022. Friends after this pair broke out of that long I think It will now go test...
we are currently in a bullish trend when it comes to gold . although I am hoping it will go retest before it can continue going up. my take profit and sell area is around 2444 -50 and if it does go retest my target for the sell is around 2381
The Dollar got weak after the release of US employment data which pointed to a slowdown in job growth and supported expectations of Fed rate cut in September. This week a lot of investors will focus on inflation data in the US and China. The US inflation is expected to continue to decline ,increasing the likelihood of a first rate cut from the FED. Friends...
HI FRIENDS. As per my last post on this stock we saw the stock flying high in a long bur now looks ready for a sell as our wedge has been broken.sell now and ENJOY