considering the drop from 1987 to 1890. Gold is currently respecting the 23% Fib level. if the bounce stay stable there are higher chances of gold flying back to the tops. Please keep in mind that today > 13.09.2023 is the CPI report expected which does have a higher impact on Dollar, treasury and Gold. trade safely
Gold rallied from its last break out toping at 1985 area. since than the Gold is in fall and seems to come back to test the 1900-1910 area. most importantly Gold at press time is at 1916$ right 1 day bofore the most awaited CPI data which will give a fresh wind to Gold in either direction. Better than expected data will push the dollar higher and Gold down Lower...
Gold is stabilizing above 1900 round figure. Looking at the Gold current pattern, it seems to form a 3rd Lower Low leg as it has broken and stayed above the current diagonal resistance line. comparing this pattern to the last 2 ones, shows that Gold might repeat the same behavior and continue the Bullish patter that started from 1600, paused around 1800 and...
As published earlier, Gold has maitained is Bullishness above 1930$ after breaking the bearish trend. the today's (12.07.2023) bad CPI report ignited the Bullish leg from 1935 to 1950 at press time (8 minutes after the report release). 1970 is my current target for any Long positions.
Gold is showing some Bulls power after the bad Payroll data today (07.0.7.2023). Gold needs to Close the Friday Candle above 1930 and stay there on Monday. If so this will trigger a Bullish momentum in Gold which I expect to continue until next FED rate decision. meanwhile relax and enjoy the weekend.
Gold is currently respecting the 1980 resistance since last week. the support turned resistance needs to be overcome in order for Gold to move higher. the debt Ceiling matter can trigger high volatility as well.
I see USDJPY has reached the trend line which has been already respected 2 times. I expect that it does the same for now as well. I will wait for confirmation and than go long on USDJPY. How about you traders?
What do you guys think how feasible is it for USDJPY to retrace back to it Linear Diagonal support line and continue the upward moment to 160 back?
the GBP is overbought in short Term so a pullback is expected to happen. I am looking to short GBPJPY once it stays below 164.4. my Initial Target will be 160 and than further TP on every 500pips apart
HOw many of you would agree to see the price of USDJPY go back down to where it hit the day the BOJ intervened.
I looking to short GBPJPY from current level of 160.5 as price has retraced from the 162 resistance. SL = 162.3 slightly above the current top TP1= 158.8 TP2=152.8 TP3= 149.2
Dear all, I am looking for a short position in the GBPJPY pair. the trade will be active once the pair breaks down the current horizontal line. > TP will be at recent low around 149.2 area. > SL shall be slightly above the recent highs around 154.7 area.
Since today is FED rate decission day. Everyone expect a 75BP hike, this might push the GOLD lower. there is a chance that gold might go up to 1690 before dropping. I am long from 1662 with a very tight stop around 1656. Please partially close on the way to the upside.
I am looking for a short term buy opportunity on the EurNzd pair. the pair is keeping stable above 1.6250 which could lead our first target to be at around 1.68 area. dips will be bought.
The EURGBP has nicely crossed the 100MA on the 1H timeframe. retraced back for a re-test and is bouncing back to the upside again. I am getting long from 0.8535 and will scale out at 0.86 and 0.865 and may be onward as well. SL is put slightly below the Weekly low.
the Lonnie has been retraced from it's downtrend on the 4H time frame. I am expecting the Price to go higher and meet the previous resistance level of 1.31. Stops are just few pips below the daily lows of 1.269
I am looking for a long Opportunity of the EURNZD in the upcoming days.
I consider the movement just like as stock price moves. it can go up and also down. whenever it goes down we rebuy it and put a Price Target to cash out. I will be scalping out at 0.7$ - 0.9$ - 1.2$.