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Gold dipped and it wiy continue to hit bottom read the caption XAU/USD trades near $2,371 and the daily chart shows that the slide may continue. Technical indicators retreat from extreme overbought levels, suggesting the decline may continue. Still, a steeper slide remains out of the picture, as XAU/USD refuses to give up developing its moving averages above all  Simple Moving Average (SMA) maintains its firmly bullish slope at around $2,280 and roughly $300 above an also bullish 100 SMA
OANDA:XAUUSDShort
by Mrsam36
GOLD done the buy now only bearish read the caption Gold has been hitting all-time highs almost daily for the past two weeks, reaching $2364 in the spot market on Tuesday before the start of US trading. The ability to rise above $2071 per ounce, which gold found in late February, has signalled a break of resistance that has kept gold above since August 2021 Gold is now rising more actively than it did in the previous long-term bull cycle. In 2011, years of gains were followed by a two-year consolidation, which was replaced by a three-year bear market
OANDA:XAUUSDShort
by Mrsam36
2
GOLD CONFIRM TO ABOVE 2460 VOLUME INCREASE READ THE CAPTION XAU/USD trades near $2,371 and the daily chart shows that the slide may continue. Technical indicators retreat from extreme overbought levels, suggesting the decline may continue. Still, a steeper slide remains out of the picture, as XAU/USD refuses to give up while developing its moving averages above all Simple Moving Average (SMA) maintains its firmly bullish slope at around $2,280 and roughly $300 above an also bullish 100 SMA
OANDA:XAUUSDLong
by Mrsam36
Eurjpy high bull more than expected read the caption Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into March. That ceiling was ultimately broken in mid-March, and has traded above and below the swing since that time. Earlier this week, the price move back above the swing area, but has reversed lower. Technically, the price is looking to test the rising 100-bar moving average on the 4-hour chart and the 38.2% retracement. Both those technical levels are at 163.38. If the price of the EURJPY can get below that level, traders would next target the 200-bar moving average at 162.87, but the bias shifts with the sellers making
Long
by Mrsam36
XAUUSD BUY STRONG BUY NOW MORE SELL TODAY BUY BUY GOLD CONTINUE Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand Technical picture is firmly bullish as indicators are in bullish setup and recent dips were contained by rising XAUUSD BUY NOW_2380_2375 TP_2390 TP_2400 TP_2450 Sl_2368
TVC:GOLDLong
by Gold_Master97
Gbpjpy bull only because of war read the caption Additionally, the rising tension between Israel and Iran heightens concerns of a wider conflict in the Middle East, providing some support to safe-haven currencies like the Japanese Yen (JPY) and creating a headwind for the GBP/JPY cross.  The latest data from the Office for National Statistics showed on Friday that UK Retail Sales arrived at 0% MoM in March from a 0.1% rise in the previous reading, weaker than the market expectation of 0.3%. Meanwhile, the Retail Sales ex-fuel dropped by 0.3% MoM, compared
Long
by Mrsam36
Audusd confirm dip move as you see trendline read the caption The most recent leg down, which started on April 10, was driven by a sudden strengthening in the US Dollar (USD).  A run of strong macroeconomic data from the US, a solid labor market and persistently high inflation means the US Federal Reserve (Fed) cannot go ahead and cut interest rates as soon as it had been planning.  The expectation of interest rates remaining higher for longer in the US in order to continue cooling down the economic
Short
by Mrsam36