Everything points that USD will fall, Lock downs in the sight means no company production and unnemplyment rate will spike again, we already know what it means for index and dollar, is just a cicle; therefore here is a great opportunity to capitalize some earning, not only gold is a safe heaven, but technicaly we are reyecting a strong weekly support that is...
Gold is been consolidating inside a bearish flag, 4h chart rejecting strong support creating a double top on 1482.94 area, daily is testing a tendency Line testing a 38% Fibonacci level 1433.74 as my first tp followed by 1405.00, follow price action, always move stop loss.
Price is testing a 4h resistance that it could ether reject to test the 109.47 lows inside the triangle or we can see the price going back up to 110.13 area, tHe daily trend is bullish triangle testing the 109.35 area, 4h if you see a clear rejection enter short, if there is a trespass, wait for retest and wait for a bullish confirmation Trade safe, manage risk,...
Commodities brings hope to U.S - China trade talks, Currently Price is rejecting a zone for the 4rth time, even tho we had a brake of the channel the resistance at 1513-1514 was strong enough to reject and engulf in the 4h chart, I expect the price to fall to 1560.00, area were I will be looking for a possible buy set up. So far clen rejection on a confluence...
Follow up from my previous analysis, US30 is in the Last Q of the year (earning Q) Us30 Daily and 4h fully bullish, Us30 looking froward to complete a head and shoulders pattern to make the last fall to our next confluence pivot zone 26628.00, zone were I will be looking forward to trigger the buy! So far Im using scalping strategy to catch the small corrections...
Gold like Us30 is been moving due to trade talks between USA and China, and sentiment of investors. At this point Gold is currently testing a confluence swing point to continue the to the down side in the short term following the bullish channel, is the third rejection on a zone where there is an intraday resistance of the price besides the tendency line that is...
Us30 and xau/usd have a strong inverse correlation,this two had been moving due to the trade talks between Usa and China, at this point Donald Trump said that us has come to a substantial phase one deal china, this may give confidence to investors to be back at USD looking for more volatility, the technical analysis is bullish in 4h, for 1D a resistance zone has...
We are under a sell position where it bounced to the 86% from prev fibbo level, there is a engulfing candlestick pattern in 4H I opened my short position in a lower time frame when the market retested the engulfing pattern, Im waiting for a down trend to the demand price area, green arrow. Do not base your strategy in my chart is just for educational purposes,...