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Gold Update 5- TUE 13 JuneHi All, Quick Update: I took TP1 & closed trade yesterday. Today: I did re enter at same level entry level @ 1961.150 & took TP1 at 1951.380 with a profit 9187 pips on the micro account. Momentum is lost I guess for today … Gold market goes sideways & I’m really weary of it. It could loose strength and start moving totally opposite. As much as I’m aware set up still valid, but… I do treat market with a caution, because of pretty strong S/R levels & some signs of possible reversal on 1H & 4H charts. We can see triangle formation with neutral direction… Even if the market going to loose steam I’m not upset so much because… TP1 - 8431 pips yesterday TP1 - 9187 pips today In another words TP2 pip targets achieved in 2 trades & Total of 17.618 pips on micro account cleared up already 7 trades won in row… Have a nice evening , time to relax ;)
OANDA:XAUUSD
by G-money2022
1
1D - APRIL 3 MOVING AVERAGES 100 and 200 are far below so there is room for price to be pulled down towards them. Color coded 50 and 15 15 sma and 50 sma are green and moved up but there is a resistance at $29k. This may be the reversal point. DAY- CHART PATTERNS AND TREND LINES Up sloping support and resistance. DAY - DIVERGENCES A bearish divergence. It looks like we may have one more short move up and head down. DAY - RSI, STOCHASTIC AND VOLUME For the update on these indicators watch my video update.
BINANCE:BTCUSDShort
by ECONOPEDIA
DXY: US Dollar Index AnalysisEven though we are seeing that the dollar index is falling to around 109, it is still not violating any previous low, which mean the correction now the index is making in lower timeframe is called complex correction (will be discussed below). The US are increasing the interest rate making investors move their money from higher risk assets to lower risk assets such as (Bonds, sukuks, t.bills, placements, Reverse Repo and others), as equity market volatility have higher risk on investment companies financial presentations (balance sheets and income statement), most investment companies are bound to these policies and procedures which make them take financial decisions in the short term (a year or lower) for the sake of presenting their financials (according to GAAP and IFRS) as profitable, this make them keep a lot of long term opportunities on the table, anyway. When money flow from investment @ FVTPL-FVOCI and others, it goes to bonds and treasury bills which so called carry minimum risk, this will make prices of these bonds increase, by which it will decrease the interest rate (bond price increase while annual amount received on holding the bond stay constant, decreasing the interest as rate/percentage). this will make lower currencies with lower interest rates start to gain against currencies with higher interest rate (because of lower inflation rate also). From the chart we have deep crap and bat pattern which indicate a possibility for the dollar to fall from that specificed range, I will expect the DXY to rise to around 115-116 and then the big drop start
TVC:DXYShort
by AgentHK