GoldmanBucks

GoldmanBucks

We could be at a nice point of reversal on the bigger picture on the EUR/USD pair. Fundamental is not ready enought for a reversal but US ecenomy is getting some fractions in the past time so we could be near to that idea. The technical view is giving a possible trend channel where we reached the bottom line of it.

GoldmanBucks

We are getting a row of good arguments to go long. 1. We are at FIB Level 61,8% of recent uptrend. 2. We are at the trendline of recent uptrend. 3. We got a double bottom here. Lets look what goes on in the next week.

GoldmanBucks

The price of gold retraced very well for a good new buying opportunity. The market found resistance at 50% FIB retracement while the RSI became oversold at that particular time. When that level was hit market and RSI turned around at the same time which shows us a comeback in of the bullish trend for a possible new higher high.

GoldmanBucks

After some nice moves this week in the Gold and equity markets it shows some more potential for rising. I would watch out for the Draghi speak and the possible breakdown of the equity markets after overextended January bull market. After the last 2 targets which I posted last weekend completely hit the next target is the next previous structure around...

GoldmanBucks

The price broke and closed above the triangle and now we have a good technical opportunity towards previous highs for retesting them. If the market can make a new higher high without a pullback scenario (=closing as a higher high) we can expect the retest of the next level around 1255. If this level cannot hold we can probably see more upside towards last years...