Technical_AnalystZAR

Technical_AnalystZAR

Sell XAUUSD now at 2652. We can assume inverse head and shoulder is forming on this chart therefore the we can target 2636. Stop losses just above 2656. The nerds are upset because we don't use the trendy jargon like imbalance, turtle soup etc, however, it's all the same. We will stick to the basics.

Technical_AnalystZAR

We already know this pair is overall bullish. We can expect price to range between 2656 and 2636 before a powerful surge towards the upside. The bullish movement will continue into 2700.

Technical_AnalystZAR

USDCAD seems to be approaching a major resistance zone. Price is creating a massive head and shoulder pattern on Weekly chart. From next week we can look to sell USDCAD. For now, we allow price to complete bullish move into the 1.38 resistance. Be on the lookout for this one.

Technical_AnalystZAR

We will be looking to buy USDCAD for the last time this year. The double bottom is almost complete but not quite. CPI data will push the DXY a bit higher. We can buy now or wait for a retest on Wednesday's high

Technical_AnalystZAR

We can look to sell AUDUSD around 0.679 as pair seems to be forming a head and shoulders pattern behind that strong nfp push down. Sell to 0.675

Technical_AnalystZAR

Gear up for a massive sell off for AUDNZD as this pair has created a large head and shoulders pattern on H4. Sell now with tight stop losses at 1.1063. Take profit at 1.07272. This is a challenge for all the swing traders. Good luck

Technical_AnalystZAR

Temporary buy on AUDJPY. Target is 101,170. Just a quick pullback to the sell decision zone.

Technical_AnalystZAR

Looks like the market is creating a head & shoulder pattern. This pullback is a formation of the right shoulder. Buy now and take profit around 1.32444

Technical_AnalystZAR

This is only a possibility but, this is how we will be trading gold today. We can anticipate a bearish surge towards 2646. And buy later around the same area.

Technical_AnalystZAR

Bearish outlook on DXY for this month. Here, price seems to have formed a bearish flag pattern. Sell now and take profit at the trend line support around 0.8300.

Technical_AnalystZAR

Buy NZDUSD now as it rests on trend line support. Inverse head and shoulder seems to have formed. This pair is ready to turn bullish.

Technical_AnalystZAR

Let us exploit the bullish reversal confirmed by this inverse head and shoulders pattern. We can look to take profit as high as 1.37

Technical_AnalystZAR

Break of triangular structure will result in bearish price action for this pair. Enter sells now and hold to 1.57100

Technical_AnalystZAR

This would probably be the last chance for traders to buy this precious metal. The monthly candlestick for September is overall bullish and it will be full by the end of this month. Look to buy around 2610.00-2607.00. Happy trading fellow traders.

Technical_AnalystZAR

Refer to my monthly chart setup: The breakout occurred around 2550 and it was retested. Price quickly rejected the newly established support at 2550 and continued up. I do not see price falling below 2600.

Technical_AnalystZAR

XAUUSD looks to have broken out of local structure. Let us lay delusions aside, there will be no crash anytime soon, if anything, look to invest in XAUUSD. 3000 is a possible target for the next year.

Technical_AnalystZAR

XAUUSD: Price looks to be forming a head and shoulders pattern. I would like to see price below 2602 before Wednesday. Have your stop losses at the recent high 2631. Happy Trading.

Technical_AnalystZAR

XAUUSD will look to continue bullish surge into a new all time high. For now price is looking to drop to as low as 2530, then buy from here. Goodluck