USDCAD has been moving sideways over the last three weeks within a tight range with the upper boundary at the 1.3700 psychological mark and the 1.3510 support level.
Gold Trend chart over H4 suggested a strong resistance at 1799 & 1810. After that it can show a strong downtrend with a level of 1740s.
Gold prices may fell this week as the dollar strengthened. Gold fell to a one-week low of $1721 an ounce last day and took a jump back to 1755 again. Now the gold is looking to retest the level of 1719 again with a strong resistance at 1772.
Gold has flown upside to 1680 mark. Looking now in a range of 1680-1640 today. Suggested a sell for today along with a bull trend on long term trade
Gold is looking downside today. But after the CPI data event effect gold traded over bought levels. Now the time to get correction. Looking for a sell from here
Gold is looking to fell again below 1700 ahead of NFP data event. Trade with caesious now.
Gold has already traded overbought level till 1660 and made a high of 1663. Now it can see a sell trend over h4 timeframe.
Gold is facing a good down trend this week now the 1590 mark is very much possible till friday.
Gold is likely to follow the downtrend on a longer term chart while its slightly on buy side for today with a trading range of 1600-1660.
Gold has broken the strong support of 1640, Now the possible support is looking at 1620 followed by 1590 and 1560 as well.
DowJones is looking in a small buy mode side today ahead of Federal Meet.
After the massive impulsive movement yesterday, price started to consolidate and it gave new opportunities, I will be risking the new sponsor candle, and hope it moved well. We still have some IMB up so risk less and if it breaks then we look for bullish momentum to clear out the imbalance in the market.
Ahead of Powell speech gold is looking on sell side with a strong support zone near at 1705 level.
GBPUSD is now looking in a sell trend as per the trend channel suggestion over H1
EURCAD is trading on its deeper levels now. But from here the pair is looking for a positive side as this week is having NFP data.
Gold is on Buy mode now for 1735 as of now. On a downside gold has a strong support level of 1715 while trading at 1722
Gold is looking on a zigzag buy sell pattern as per the suggestion by elliot wave chart pattern. All are suggest to trade with proper risk management and proper cut loss today.
On a four-hour scale, the gold price is declining towards the lower portion of the Rising Channel, which is placed from July 21 low at $1,681.87. While the upper portion is plotted from July 22 high at $1,739.37. The precious metal has defended the 200-period Exponential Moving Average (EMA) at $1,765.80. Also, the bright metal is holding above the 50-EMA at...