Lately, there has been no shortage of chatter surrounding Crude Oil, and with that, also a lot of calls for a bottom. While I agree it appears to be late in the move to initiate new short positions (-57% decline since July), I don’t believe we have the type of price action supportive of a bottom yet. The price action the past couple of weeks has been uninspiring,...
Gbpusd average This is generally a reversal pattern so we can expect the sellers to sell any rally now as they target a breakout below the support The price got a bit overstretched yesterday as depicted by the distance from the blue moving average In such instances we can generally see a pullback into the moving average or some consolidation before the next move
Gbpusd possible resistance zone around the level where we can also find the confluence with the red moving average This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the support The buyers on the other hand, will want to see the price breaking higher to start targeting the trendline around the level
today's Gold planning. currently 2352-56 zone is supply area. wait until price reach this zone. than wait for rejection or confirmation means any M5 M15 candle close below this zone and retest we'll execute Sell trade.. price could quick sweep the LIQUIDITY to 2360-65 area. that's why we wait for confirmation if any M30 candle wick extend to 2360-65 zone and...
XAUUSD Strong Report A surprisingly strong jobs report could signal a resilient economy, leading the US central bank to hold off on plans to ease interest rates imminently This scenario should be down for the US dollar but is likely to put downward pressure on precious metals like gold and silver
There simply wasn't enough investor demand This lack of interest was probably due to the hope that inflation would slow bullish quickly and the economy would not suffering
CAD JPY has formed a Symmetrical Triangle + A head and shoulders pattern 🤩 on the daily resistance level.... All we need to see before executing this trade is candlestick confirmation on the Right shoulder of the head and shoulders pattern. ⏰
Gold should remain supported as we head into the easing cycle but a more hawkish Fed could weigh on it in the short term In fact we can say that the gold support leve 2320 zone bullish area target is 2370-2380 will likely decide its fate as strong data should trigger a hawkish repricing in the markets and weigh on theprice in the short terms while
Gold has been rallying non stop lately for no clear reason as the name usual inverse correlation with real yields broke down There are talks of heavy central bank buying with China being at the forefront as it might be looking to de risk from US Treasury bonds In the big
Xauusd buy The precious metal is staying poised in trading today despite the dollar also sitting higher on the session After hitting highlight a concerning trending progress only I think Xauusd more bullish
XAUUSD BUY opportunity 2360 Conversely should bulls reclaim firm command of the market, resistance awaits at as previously noted In case of a breakout prices would enter uncharted territory making it challenging to pinpoint potential resistance levels However a notable area of interest may lie at corresponding to an ascending trendline XAUUSD SELL opportunity 2200
Btcusd falls into The other important reason is that the US government may auction thousands of Bitcoins which it recovered following the collapse of Silk Road. The wallet holding these coins which are worth over $2 billion completed several transactions this week As a result this liquidation could lead to more Bitcoin supply which could affect its prices
Intraday bias in EUR/USD remains on the upside at this point Rise from is seen as the third leg of the corrective pattern from Further rally would be seen to resistance zone on the
Gbpusd There is nothing of high importance scheduled today concerning the GBP Regarding the USD there will be a release of Unemployment
Silver remain upward biased as depicted by successive series of higher highs and higher
GBPJPY opportunities going forward and therefore I like the idea of looking for value every time I can With this being the case I do believe that we eventually go looking back to the upsides and then try to get to the
Bitcoin BTCUSD price upward momentum is showing again following reports that Banks are approaching miners to BUY BTCUSD directly Meanwhile eyes remaining
Xauusd hes from gaining greater confidence to finally begin reducing borrowing costs gold may find itself in a more advantageous position to initiate its next leg higher Upside inflation risks evident in recent data however