we can see an ascending channel and supply and demand zones i am mostly bearish on gold to 1750 or even 1550 but as we can see the price is trying to break trough the lower bound of the ascending channel and if broken there exist a support line at 1794 which can be a range zone the other scenario is having a bullish view and we have the rejection and bounce from...
in this instrument we are having 2 scenarios 1. Long which we can target our bearish's wave Fibonacci retracement levels as we can see there exist a bullish divergence between price and MACD (Green), we have a resistance zone too, which we can have some consolidation or a sharp break trough... 2. Short scenario is also very much possible as we are in a bearish...
#XAUUSD (Intraday Perspective: Downside pressure below 1930.83) We caught the reversal nicely on Gold. We are seeing a medium probability bearish scenario and 1880.69 marks a potential downside target for shorts, in line with our 61.8% fibonacci retracement. A break below our intermediate support level at 1895.96 would see the pendulum swing towards a run to our...
1) EUR/USD bounces from yearly lows, but the bearish potential remains intact. 2) The data-loaded week ahead with EU inflation and GDP, and the US Fed and Nonfarm Payrolls.
1) Corruption scandal won’t lie down 2) Canada’s services sector growing fast 3) Brexit emergency summit to get the extension
The EURUSD failed to push above 1.1815/20 levels yesterday and is now looking to print lower lows towards potential support at 1.1500 levels, short term. Please note that we had changed our stand from bullish to neutral last week, in anticipation of a sharp bearish short term reversal. The move might be materializing now and a 5 waves drop could be expected lower....