EricaXAU

EricaXAU

GOLD hit the lower bound of the downward channel. I expect it to roll back to the breakdown point 1785.

EricaXAU

GOLD is in a broad sideways range. After a failed attempt to break the channel to the downside, gold rotated back to the range and looks set to start an up leg. Meanwhile the dollar seems to be losing steam, I expect GOLD to reach the upper limit of the range. My target is 1870.

EricaXAU

EUR broke the consolidation zone to the upside, touched the resistance at 1.06 and retraced. I expect it to be supported at 1.04956 and then retest 1.06.

EricaXAU

Today I use a higher timeframe, the 4H chart. After dropping to 1810 support level, GOLD rotated back up and managed to get above the resistance at 1835. It touched the lower limit of the upward channel and entered into consolidation. I expect it to retest the support at 1835 before getting higher to test 1876.

EricaXAU Updated 

Trapped in a down trend, GOLD rallied on a not-so-hawkish Powell yesterday but failed to break through resistance at 1835. I expect it to consolidate before dropping to the support at 1810. Tell me what you think.

EricaXAU Updated 

After leaving the downward channel in late May, ERUUSD has been trapped in a relatively tight zone and waiting for a push to break it, either to the downside or the upside. All depends on what Christine Lagarde says today! I think EURUSD has a bullish bias, with more room to the upside than the downside. If it breaks the upper limit, my target is 1.0930....

EricaXAU

Very interesting to watch EURUSD ahead of the ECB annoucement. Can't wait to see how Christine Lagarde repeat gradualism, optionality and flexibility over and over again, ask the reporters to forgive her for quoting the script just one more time, and at the same time try to signal imminent rate hikes!! It's just gonna be FUN!! I wonder what color is she wearing...

EricaXAU Updated 

GOLD, as I predicted yesterday, held support and rotated back to the channel, touched 1855, and now it's come down and looks set to leave the channel again. We are seeing lower highs. I expect GOLD continue to fall to a lower point than yesterday. I am looking for at lease 1835. Again, 1835 very important. If it holds, GOLD will still have the chance to rotate...

EricaXAU Updated 

GOLD broke the upward channel limit again and consolidating. There is a support at 1835, which used to be a resistance, and the market respected it several times. I expect GOLD to continue consolidation and may try to touch the support at 1835, before it rotates back up. Upside target: 1850

EricaXAU

Euro has been trapped in a downtrend for more than a year now. It's not surprising since the fed is tightening policy which leads to a huge spread between the US and the Eurozone. BUT, things are going to change soon. The ECB is about to raise interest rates too and it will exit negative territory by the end of the third quarter. The spread will be narrowed and...

EricaXAU

DXY had three attempts to break through support and failed It's staging for the 4th attempt and this may be the time

EricaXAU Updated 

All eyes on the fed next week. But I dont think it can get more hawkish than it already is. Or should I say, FED HAWKISHNESS topped out already.

EricaXAU

Gold is in a small up trend. After retracing down to the lower limit of the chanel, it's gonna bounce toward the upper limit. Target is 1870 at least!