with current selling pressure on dollar due the promises made by the nigerian government to strengthen the naira, and the rumor that the Nigerian is expecting and inflow of huge 10 billion days. however i expect a sudden rally to around 1150- 1165 again before we can see the possible target of 750 or even less
looking at the gold pattern carefully and taking the USDTRY into account a logical trader can see the similarity in patterns there.
DUE THE CURRENT WORLD AND MANY TURN TO BTC AS A NEW SAFE HEAVEN, I LOOK AT IT DEFFERENTLY
Hey guys it has been long i share analysis because the market has been up and on, but now that we have a clear vision on Gold. my analysis shows me that Gold will be hitting around 2000$ then we drop sharply to somewhere around 1330. its too early to say that, but thats why we are all different because we we look at stuff differently.
I'm not a prophet and i can't see future but i can look into charts and analyze it based on probabilities and facts. As the charts analyst my analysis shows me that worse and bad economy conditions awaits EU, which might be as a result of refugee crisis or any other hidden situation. i focus on the charts as its the way forward for me.
EURUSD is developing a very important pattern that i decided to close eyes on as its going to be fun. I would not trade all of the patterns but i will try to trade as much as possible.
after my previous post on Gold i look at Gold again and i come up with such a plan to trade it. its very obvious that i will be looking for buy in gold for a long time. my buying entry will be around 1540-1546. my first target will be around 1615, 17xx then 18xx. I dont know what will trigger that but possible a crash in stock market, Trump impeachment , trade war...