mdt2333

mdt2333

look for higher price for gold as the downtrend channel is broken

mdt2333

by braking the 2 major resistance we expect to reach 109.36

mdt2333

a weak upside channel found on gbp/jpy and it is anticipated to fall from breaking floor...

mdt2333

by the situation on gbp/usd and usd/cad, gbp/cad can fall sharply...

mdt2333

The fan is intact and the market react to the lines...

mdt2333

if the support broken the lower level will be reachable

mdt2333

as the lower level was not touched, and the resistance cracked, so we expect the cable goes up

mdt2333

look for eur/jpy upper level... any down move on RSI is an opportunity for being long

mdt2333

gold for the near term is consolidating in the box shown in picture

mdt2333

as the pic shows, if it holds 1760$ level for next 2 days , the way could be opened for 1831$ and even 1953$... also there is a decline in RSI indicator that shows there is potential for going high...

mdt2333

WE SEE A HORIZONTAL WEDGE AND i SEE THE PRESSURE FROM DOWN TO UP AND THIS IS CLEAR ON RSI INDICATOR

mdt2333

there is a classic pattern in gold . a bull flag. you can see the final target on it. 1953$

mdt2333

as the pair is steady but the rsi is declining, we have t see another rally to the upside by the new week.

mdt2333

As the GBP is under pressure , and EUR is playing in other court, we can see the eur/gbp to change old direction and trying to touch the upper level

mdt2333

Gbp/usd is challenging with a PRZ shown in picture. By cracking the PRZ we expect to see the pair on 1.2170

mdt2333

1780$ for gold is a very strong level in the history, so it seems that they want to kiss each other again after more than 7 years...

mdt2333

As the picture shows , the usd index upward speed is getting slow and this may be by the NFP catalyst today. we see that the usd index tried to get out of the flat channel but failed and either failed to break to the north of channel so our first choice is going to the south...

mdt2333

by the 3 channel formed in gold and the tight channel at the end of the market, we have to see big move ahead... and by the upside momentum faded, we expect downside move by the FOMC news...