Gold looks promising to back to 2000 from daily and weekly chart.
for entry vise,
if you catch the entry at around 1890, the risk will be minimal to catch the wave to 2000.
if you are looking a entry from where i see the price currently, i would expect a small retracement to around 1925 before another round of up trend to 1955.
1955 holds a key level for Gold...
Bounce back from monthly resistant line (green).
heading way up to the crossing of both horizontal(blue) and vertical(green) monthly resistant line.
1.10 will be the key for EURUSD to set the direction either to go 1.20 or 1.00
Still very optimistic for SP 500 to go up trend.
there is a 50% chance price will retest 4338.
1st profit target point at 4600, second target 4800 if price stays above at 4270.
price currently on strong monthly resistant trend line, might be tricky if the price go below 4270
Monthly movement is respecting Gann Fan 3/1 line. so a possible retracement to hitting 3/1 line again is highly likely for my point of view.
Also it is respecting Gann Fan 1/1 line as a support, however due to gap between current price to Gann Fan 1/1 line, its unlikely for the price tp hit the line so soon.
looking forward for the price to hit up to 4000 first...
Bolinger Band & MA:
the price is entering the buy zone, but beware that there is no sign of bounce back yet from daily and weekly chart. So we are expecting to see at least 1 or 2 bearish weekly candles before the price go back to short-term bullish or small retracement.
Gann Fan:
looking at the weekly and monthly gan fann. current price i at 4/1 line area, if...
Bolinger Band & MA:
the price is entered the sell zone of last week, however the price also hits on weekly BB lower line and MA 50. expecting a stronger bounceback
, breaktru sell zone of last week and make its way to 1.000
Gann Fan:
looking at the weekly and monthly gan fann, current price at 3/1 line area. looking forward for the price to breakthrough current...
Bolinger Band & MA:
breaktru upper BB line on daily, and on its way to go to upper BB line weekly. looking long for this week
Gann Fan:
current price between 1/1 and 2/1 area of gann fan. looking forward for the price to go to 1.32 and go sideway for awhile until it slowly go up to 2/1 line.
looking for long in cad, but the way to it might be slightly slower...
EU has been struggling to breakthrough the sell zone for more than two weeks.
As we trade the monthly cycle of high and lows, it is the time for the cycle to drop to the buy zone.
The current price as of Aug 17 is @ 1.01692, we are looking forward for the price to drop down to at least 1.00734. you might short if you are trading shorter timeframe or...
