Gold hit previous targets at 1263-1265. Upside movement could be limited towards 1288-1290 areas. Break of previous high of 1304 might suggest that a bottom has been achieved already.
Cable was not able to move up to our target from our previous analysis. Instead, it continued moving down, which tells that a top has been formed already. Price has room towards its 1.618% fibonacci level at 1.4055 before it corrects up.
Took a multiple lane set-up with compression on the bollinger bands. Used the 5ma as the trailing stop.
Cable's movement shows it is still on its corrective stage which might top at 1.4675 - 1.4730 areas.
Euro managed to rally for days, making new highs, targeting a 61.8% retracement around 1.1420 before price starts to decline.
We adjusted our view with AUDUSD, believing that a bottom has been placed already last 24th of May. Hence, current price may retrace up towards 0.7490 - 0.7570.
Crude Oil is slowly moving up, where a break beyond flat channel (blue) might suggest that price would soar towards 54.00 area.
Like its partner Gold, Silver too is bullish with target at 16.90 - 17.20.
Gold is currently bullish, with 1263-1265 as target.
After observing the $XGTI trend for the past weeks, this is what I predict, feel free to dispute what I said. i hope all the #BULLS are ready to grab some profit...
Oil is moving sideways inside the blue channel . A break below signals bearish trend, especially when red channel is broken around 48.25.
Australian Dollar is currently on its corrective wave. Target is toward 0.7380 (38.2% Fibonacci retracement). Watch out for the bears (long term).
Upside movement is limited up to 51 since we believe that it is near toward its top. Bearish movement will resume afterwards (long term). Bulls beware!
Silver is still correcting, targeting 15.35 - 15.25 both relevant in its fibonacci retracement levels.
Gold continued to slide down, breaking the channel that holds the correction that started since February. We believe that bears' movement is limited towards 1197-1190 before price rises once again. Happy trading traders!
Crude Oil price if went past 47.53, might signal for bearish move. Let's wait and see.
AUDUSD can still go upside reaching 0.73350-0.74080 as long as previous low 0.72445 holds.
Just placed my orders for this bullish cypher in the USDCHF @0.9756. This pair has been in a short-term uptrend and so i'm looking for more bullish potential. This idea contains a stop loss below point X and a fibonacci based target point. Good luck trading everyone!