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USOIL remains under pressure USOIL remains under pressure, with the price approaching the support-turned-resistance zone at 72.00, which coincides with the 100% Fibonacci extension level. A reversal below the 72.00 resistance could prompt a further decline and a potential retest of the 66.00 support zone. The Ichimoku cloud also shows bearish pressure, indicating the potential for a further decline. Conversely, a break above 72.00 could prompt a further rise, with 75.00 as the next potential resistance. Analysis by: Li Xing Gan, Financial Market Strategist at Exness
TVC:USOILShort
by lixing_gan
GOLD UPDATE 17/7 WEEKplan gold this week please. The trend continues to support gold's price increase in the weekly candle frame, the weekly candle closes, but the force is increasing gradually. Moreover, gold has not tested the weekly top once again from the long slide above the 208x level, so now continue. continue to hit the gold up according to the previous big frame trend. In the short term, there are two buy zones: 50 53 and 45 43. In addition, last month's CPI and PMI data were much worse than expected, causing large RMB to expect that the FED will not raise interest rates at least for the next 12 months to maintain a stable economy. ----- In addition, in my experience, Friday decreases, Monday increases all day.
FOREXCOM:XAUUSDLong
by HOAIGOLD
1
GBPUSD W1 - BLACKSWAN (SHORT)GBPUSD Seems to be going short for the next coming week... or weeks it's currently setting up for a BLACKSWAN where its touching a possible resistance zone. The resistance zone doesn't seem like a very strong one however its currently in position at a 38.2% retracement in the market and its touching a MAJOR trendline in the market. The trendline has made 2 touches before but currently in this situation with such confluences at the moment it's likely to be very probable. The GBP pairs seems as though they're gonna make some major drops at the end of 2019 and the opening of 2020. Who knows it might last a couple of days weeks or months but set your targets and get in for some shorts! If your analysis says otherwise then by all means go long because i can be wrong. Nothing's guaranteed in these markets! I've had approximately a 70% Win rate trading BlackSwans so it might be worth considering. Love my idea and looking for a reliable broker to trade? Join Exness now! At Exness, you'll get some of the lowest spreads on the market, but that's not the great part. You'll get INSTANT WITHDRAWALS. This means no waiting for the broker to process your withdrawal or any BS! Join Us NOW! www.exness.com Join Exness @ www.exness.com Check Out our TrustPilot! - 4.5* Rating! www.trustpilot.com
Short
by TheRussianSpy