Sorosnotsorrow

Sorosnotsorrow

For USDSGD The initial retest on breaking the triangle seems to have been completed. Price action seems to be still ranging between 1.3635 and 1.3595 from the start of the week till now, and the lower boundary as illustrated by the lilac box has been tested multiple times from the start of the week till now. My position remains same as before I am still short...

Sorosnotsorrow

With regards to XAUUSD right now, as mentioned on my previous post on 21st April, price action on the hourly candles will dictate whether or not I will do range trading or between 2324,2325-2420, currently it seems I won't be opting for range trading, as there is a clear break on 2324-2325 levels. Based on my post that on 13th April , I am assuming that XAUUSD...

Sorosnotsorrow Updated 

With regards to XAU USD right now the price action for last week has been mainly in a range from, between 2324 to 2420. On one side the previous top of around 2430 has not broken, the weekly candle on the other hand signals somewhat of bullish strength and I personally would be more comfortable if the price of gold resulted in a drop for the previous week...

Sorosnotsorrow

So for USDSGD, an harmonic pattern has formed, with the top of 1.36720 being retested and forming a lower high of 1.36591. I have added another indicator on this chart and currently said indicator aligns with my outlook of shorting USDSGD. If we were to short this position we would be looking at: 1:2.64 ratio at the 0.382 profit level @1.34746 & 1:3.78 ratio...

Sorosnotsorrow

XAU USD Mid Week Update So a couple of 4 hour short wicks have formed on top of the box that was bracketed out at 2385, forming a lower high then the previous high, temporarily at least for now. The bottom of the box 2322 - 2323 has also been respected by last nights long wick candled that briefly touched and bounced back up. My view on XAU has not changed,...

Sorosnotsorrow

Harmonic pattern forming on USDSGD day chart with potential turning region at 1.36380 - 1.35945 Will be monitoring hopefully price will go touch 1.36395 and retrace then will be a good opportunity in selling

Sorosnotsorrow

Wave 3 of Gold Completed? Part 2 Towards the last 6 hours of market close on 13th April (GMT+8) Gold prices plummeted from ~2430 down to 2344, a drop of near 86 USD, forcing the weekly candle stick into a shooting star formation. And if we now use fibo retracements on the 2-3 leg, 0.5 retracement will be around 2121 just below the quoted resistance changed...

Sorosnotsorrow Updated 

Wave 3 on Gold Completed? Based on current pricing 1) XAU price would be at around 2385 for 2-3 to hit a 1.272 extension on 0-1 2) An ABCD pattern might have formed in 2-3, at a 1:1 ratio, using the high of 2067 as B, which is close to the resistance now support at 2135-2130 at my previous post 3) 2 is a deeper retracement at 0.618 of 0-1, thus if gold was...

Sorosnotsorrow Updated 

Gold has broken 2135-2140 on the daily chart If it retracts from current high, there's likelihood of using 2135-2140 range for it to start it's last rally signifying the start of wave 5.