WTI is on a firm bullish correction into bearish flows and upside targets are still eyed, although things could flip and the video explains.
Gold & silver analysis for the closing day of the post Fed week. Interesting sessions ahead with the price high up, but maybe not high enough with bullish targets still eyed in a broken out bullish market. On the other hand, we have inside day signals days, money down below and it's Friday - anything can happen into the closing day of the week on day 3 of a 3-day cycle.
GBP/USD is technically bullish on the charts but the bulls can't catch a break above last month's highs yet, despite the BoE holding at 5.00% and the Fed cutting aggressively yesterday. Here are the bullish and bearish levels. Good luck!
Well well well, here we have it. 50 basis points! However, never say never to the downside. there are stops down there! Gold update post Fed statement and 50bp cut...upside in play for longer in Gold.
A few scenarios for both the Fed and Gold are outlined in the following video. Hold onto your hats!
This is a video to replace the prior video where the chart was blocked by a paper trading sign! Same levels, bias and plans for the Fed are in this video! Please enjoy ;) Gold is a mixed bias, under pressure while below lasty week's highs, but it will be make or break time, perhaps, with the Fed today. Let's see! Here are my levels for bulls and bears!
Gold is a mixed bias, under pressure while below lasty week's highs, but it will be make or break time, perhaps, with the Fed today. Let's see! Here are my levels for bulls and bears!
Gold post Retail Sales. A better than expected outcome for RS. US Retail Sales YoY Actual 2.13% (Forecast -, Previous 2.66%). Dollar up, Gold stop hunt into Fri longs underway towards PoC. Here are the levels and bias for now.
Gold analysis for bullish and bearish scenarios as we await Retail Sales and the 'goldarn hour' in the NY session, 10am !
XAU/USD for CPI day: Will depend on the volatility of the CPI data at 8.30am NY in the main and then 10 year auction at 1pm NY. This offers some key levels both bullish and bearish. Good luck!
Trade recap for Tokyo, short JP225 and USDJPY, then two-way flow in SP500 in New York.
USD/CHF BO continuation trade 3.5R. Ahead of the Fed, this was a higher time frame continuity trade.
Gold on CPI, selling off in line with the bearish data outcome, managing risk and adding to the position to breakeven while below key daily and weekly levels.
The Watchlist creation for the US session on Tuesday.
The Watchlist creation for the US session, 8am-12pm NY time. US data eyed.
UJ is under pressure to test last week's support base. Its a FRD but there are prospects of a long for the coming hours.
DXY is under pressure and no reason for it not to continue lower although we have FOMC mins that could surprise hawkish. EURUSD is bid.
Something for everyone but dovish bias weighs on US Dollar and EUR finds demand breaking fresh highs.