Saibi_FX

Saibi_FX

Gold gonna fall for too many reasons like Hawkish statements as well as good labor market report. Michigan Index, DXY recovery, FED officials statements are negative for gold. Technical breakout already done. eyes on 1995 and 1988. Lets conquer the market

Saibi_FX

Gold has been back to the pivot point near lowest highs. 1945 is weekly and daily support level. Lets go for long positions till immediate resistance @1970. Be informed that there is already hawkish tone from Powell for DXY. so War sentiments as well as Technical outlook are complicated so market might be flat till closing. There is no bigger move expected till closing.

Saibi_FX

Trade Idea Chart Analysis: In this analysis, we'll explore a potential long trading opportunity on the chart. The key focal point is a crucial zone where the price has established its highest low. Notably, the price is currently situated within an order block, and it's undergoing a pullback and retracement phase following an extended downtrend throughout the...

Saibi_FX

Currently, the price is exhibiting a strong bearish momentum, and I've noticed a chart pattern breakout below the 34,000 level. To capitalize on this downward trend, I'm considering a retracement entry near 33,920. This level provides an attractive entry point to join the market as it aligns with the prevailing bearish sentiment. Keep a close eye on this setup for...

Saibi_FX

In the trading idea I am sharing today, I want to highlight the recent developments in the gold market. Gold had been holding above the key support level of 1920 for the past week, but unfortunately, it broke below that level yesterday. Currently, the price has reached 1910, indicating some bearish momentum. In the broader context, we can observe that gold is...

Saibi_FX

GBPUSD trading in a parallel channel while having downtrend, there may be correction for enough approach to the upper rib of the channel. Lets enter with risk management

Saibi_FX

Demand Zone, Liquidity, Pullback and retracement Zone, Lets dive in the market. Higher Risk to reward ratio

Saibi_FX

Gold currently trading flat in the market. FOMC decision on Wednesday showed that there was no hike. But, Hawkish tone made market dump. This was not enough, earlier in the previous week, Jolts earnings again pushed the market downside. Time for retracement now. Technically, we have seen Bearish flag on different timeframes which is confirmation of sell. Decision...

Saibi_FX Updated 

Gold showing a bullish reversal after successful breakout above 1900. H4 closing, D1 closing above 1900 is positive sign for reversal. Bricks currency contract might break dollar strength and ultimately gold gonna fly. Lets embark that there is positive sign of reversal for Gold. Few red folder data news might push short term down while trend has been changed so...

Saibi_FX Updated 

Witness the astonishing power of Gold as it defies all odds! 🌟 After a jaw-dropping surge in the wake of the FOMC, hitting a resilient resistance zone at 1983, things took a wild turn. The FED's interest rate hike left many traders trapped in sell positions, leading to an insane and horrifying market situation. But guess what? We were ready! 💪 Armed with keen...

Saibi_FX

Today, amidst the highly anticipated NFP (Non-Farm Payrolls) news release, it's crucial to keep a close eye on USD pairs due to their expected volatility. The daily timeframe chart indicates a potential breakout above a significant trendline resistance, which could have a substantial impact on the price of gold. Considering the technical analysis, there seems to...

Saibi_FX

Our chart reveals a fascinating interplay between price action and strategic liquidity. Notably, the recent journey of gold's price trajectory has etched patterns that only keen observers can decode. The ascent towards the upper boundary of a parallel channel is particularly intriguing, bearing the hallmark of potential bullish momentum. A symphony of events...

Saibi_FX Updated 

A captivating opportunity awaits as USD/CHF dances around the price of 0.88150, tantalizingly close to a potential turning point. As we peer into the charts, a demand zone emerges, beckoning us to consider long positions with the promise of an impending pullback and retest. The excitement builds, fueled by the backdrop of partial positive dollar data since...

Saibi_FX Updated 

📉🐻 Capitalize on the Downtrend! Gold is currently retracing within a downward parallel channel, offering an enticing opportunity for traders. The price has reached the upper rib of the channel, indicating a bearish bias in the market. Recent developments, such as disappointing NFP numbers and positive wages and job data amidst a struggling labor market, have...

Saibi_FX Updated 

GBPNZD is trading near the minor trendline support. A bullish move is expected as we have negative Data news before for nzd. so upward correction will be seen. If gbp reacts positively it must make bullish move.

Saibi_FX Updated 

Gold after successful breakout above trendline resistance and now at trendline support. If market respects the zone 1938 is on cards. Lets see how market reacts in the zone. Fundamental data and technical are supporting gold.

Saibi_FX Updated 

Gold after breaking above 1900 continued its bullish move and broke above trendline resistance. Gold is moving above trendline support. Possibly if market respects the zone, 1930 is on card. Bullish engulfing candles clearly showing Bullish move.

Saibi_FX

Gold has been experiencing a bearish movement lately, and several factors contribute to this downward trend. Analyzing recent developments, it becomes apparent that the strength of the US dollar is playing a significant role in this scenario. One crucial factor influencing the bearish sentiment on gold is the positive dollar data observed yesterday. This can be...