GoldCartel

GoldCartel

My sentiment is Bullish as long as it stays above the trendline. Catalyst: - POTUS and FLOTUS tested positive for COVID-19 - RBA - Fed chair Powell - FOMC

GoldCartel

Currently, my sentiment is bearish, at least until the US presidential election. If Trump wins the election, I would long all in. Catalyst: - POTUS and FLOTUS tested positive for COVID-19 - 38.20% Fibonacci retracement

GoldCartel Updated 

My analysis and targets remain the same as long as it stays below the major daily trendline. Catalyst: - CAD New Housing Price Index (NHPI) - Fed Chair Powell Speaks - US Flash Manufacturing PMI - US Crude Oil Inventories - US Unemployment Claims - Treasury Sec Mnuchin Speaks - US Core Durable Goods Orders PS: Click the arrow/dot on the chart to see the...

GoldCartel

Here's the link to see the beginning of this analysis: Follow up analysis: So far, so good. Currently, my analysis and targets remain the same, I reckon if it can stay below the major daily trendline, USD will keep falling deeper to 1.295, and my final long-term target would be at 1.272 zones. There's also a potential bear flag on H4 Time-frame, a great sign...

GoldCartel Updated 

So far, it still inside the flag and a potential bullish continuation pattern. Currently, the ranges are inside the white support/resistance, an excellent range for day-trading. Back to the basic, day-trading buy at white support, and sell white resistance while waiting for the incoming catalyst. I reckon it will stays inside the flag until September 14, 2020 or...

GoldCartel

Currently, my sentiment is bearish, but I'm still looking for a good entry. Maybe I will enter at the red resistance, or perhaps I will trade the breakout. Here's the range, a pretty nice zone for a day trading. If it can break the red support, I reckon Aussie will fall to retest the bottom TL. Catalyst: - NAB Business Confidence - US PPI - US Unemployment -...

GoldCartel

I reckon it will require consolidation inside the supply and demand zone while waiting for the next catalyst—a pretty good range for day trading. Currently my analysis and final targets remain the same as long as it stays below the down-trend channel. Here's the previous analysis: Catalyst: - CAD Manufacturing PMI - US ADP - US EIA - CAD Trade balance - US...

GoldCartel Updated 

I reckon, if it can stay below the resistance/trendline, USD will fall deeper into the next potential target. Catalyst: - Trump's tariffs on Canada will backfire by hurting the U.S. economy more. - Canada added 419,000 jobs in July as economy reopened - CAD Jobless rate of 12.3% - Potential Descending triangle on the daily time-frame, it was a breakout and...

GoldCartel

Lockheed Martin said it will compete to build the Missile Defense Agency’s Next-Generation Interceptor designed to protect the homeland against intercontinental ballistic missile threats from North Korea and Iran.

GoldCartel

Raytheon Announces Deal To Make Israel's Iron Dome Defense System In the US. This analysis fails if it can break out and close below the red support line.

GoldCartel

I reckon, if it rejects the upper daily trendline and resistance, it will fall back down to the major support—pretty good risk-reward ratio. Catalyst: - BOE Monetary Policy Report - MPC Official Bank Rate Votes - Monetary Policy Summary - Official Bank Rate - Asset Purchase Facility - NFP

GoldCartel Updated 

Quite sketchy, but I reckon there's a possibility of forming a bullish pennant. This analysis fails if it can break out and close above the 1981 zones. Catalyst USD: - Goods Trade Balance -70.6B - Prelim Wholesale Inventories m/m -2.0% - Pending Home Sales m/m 16.6% - Crude Oil Inventories -10.6M - Federal Funds Rate <0.25% I sent these charts below to...

GoldCartel Updated 

The Trump Administration is signing a Letter of Interest supporting a deal to transform Kodak into a pharmaceutical company that can help produce essential medicines in the United States. - Source: White House

GoldCartel Updated 

Feel free to check the previous analysis by clicking the arrow/dot inside the red circles. Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates. It reaches the target 1, and my analysis remains the same. The next catalyst is US Flash Manufacturing PMI data.

GoldCartel

I reckon if it can break out and close above the weekly triangle, it has the potential to go up to the potential target 1 and 2. PS: This analysis fails if it rejects the upper triangle line.

GoldCartel

1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure. This analysis fails if it can break out and close above the 100% Fib extension. PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not...

GoldCartel Updated 

Feel free to check the previous analysis by clicking the arrow/dot inside the red circles. Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates. I reckon it has the potential to fall at least to the "potential target 1" in the next few days. Catalyst: - CAD...

GoldCartel Updated 

If it can stay below the upper triangle line, I reckon XAU will keep falling to the potential target one and two in the next few days. This analysis based on the technical analysis only, and this analysis fails if it can break out and close above the upper triangle line.