XAUUSD 4H : 14.Sep.2021 (Update)As we can see, in the 4-hour time frame, the price has reached some important resistances and we have to wait for a reaction to these levels again, if it does not have enough power to break this range, we can expect a further fall of price. OANDA:XAUUSD
⚠️ This Analysis will be updated ...
👤 Arman Shaban
📅 14.Sep.2021
⚠️(DYOR)
GOLD-SILVER
XAUUSD 1D : 14.Sep.2021 (Daily)In the daily time frame, as we can see, the price reacted positively after reaching the Weekly Map Support and Increases from $ 1780 to $ 1805. Our first dynamic resistance is in the $ 1818 range (TP1) .
⚠️ This Analysis will be updated ...
👤 Arman Shaban
📅 14.Sep.2021
⚠️(DYOR)
GOLD: sawAnd so, Gold started the week quite briskly, trying to gain a foothold at the level of 1794. The instrument can still easily pass this level and go up. But the forecast for Gold remains the same, and most likely, price would touch the level of 1769.045.
Remember, there is no place for luck in trading - only strategy!
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EURGBP: to the level of 0.85030And so, the instrument intends to touch the level 0.85030. It is assumed that the price movement would be limited by the trading range 0.85430 - 0.85030 in the next two days.
Remember, there is no place for luck in trading - only strategy!
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GBPUSD: more BUY, than SELLAnd so, the Pound is squeezed between 1.37405 - 1.40040 (a trading zone that is located within another, larger range). The price within the indicated ranges on the chart can move as you like (especially since the price is not now located at any of the boundaries of these ranges). Nevertheless, the instrument is locally more prone to growth than to a fall (as long as the level of 1.37405 is not touched again).
Remember, there is no place for luck in trading - only strategy!
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EURUSD: calm before the stormAnd so, there is every likelihood that the instrument would carry on to consolidate in the 1.17530 - 1.18025 zone. However, fixing the price above 1.18025 (which could potentially realized) will strengthen buyers and push the Euro upwards.
Remember, there is no place for luck in trading - only strategy!
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GOLD: a big fall is unlikelyAnd so, Friday's pullback in gold does not benefit the buyer, naturally. But a fatal fall of the instrument is unlikely. The price is supposed to be in the range of 1769.045 - 1794.835 (not lower) for some time.
Remember, there is no place for luck in trading - only strategy!
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USDCHF: approach to 0.92345And so, further growth of the currency pair will be difficult when approaching the high of July this year (~ 0.92345), where strong resistance is located. In general, the currency demonstrates positive dynamics and technical analysis suggests that buyers do not intend to ease the onslaught.
Remember, there is no place for luck in trading - only strategy!
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GOLD: test of strengthAnd so, at the end of this week, the price managed to go beyond the level of 1794.835. Will the instrument be able to fix above this level... Nevertheless, it is assumed that the price would still remain in the range of 1794.835 - 1812.325.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
XAUUSD H4 | Market Outlook- Gold prices edged higher on Thursday but remain below key resistance levels. The yellow metal was able to remain buoyed as the dollar dropped and the Euro rallied following the ECB decision. The key item was Lagarde arguing to the market that a decision to slow the pace of asset buying under the institution’s pandemic emergency program didn’t amount to tapering.
Technical View
- The main trend is up according to the daily swing chart. However, momentum has shifted to the downside. A trade through 1836 will signal a resumption of the uptrend. A move through 1781 will change the main trend to down.
- Short-term momentum has reversed and turned positive and generated a crossover buy signal. Medium-term momentum has turned negative!
GBPUSD: at a crossroadsAnd so, the instrument is located between the levels 1.42100 - 1.35690, which, respectively, are the key lines of resistance and support. The medium-term movement of the GBPUSD depends on these levels. At the current stage, there is a suspicion of the formation of a "triangle". Most likely, the price will be within the limits of this (possible) formation. In another variant, it is also probable that the price will break out of these boundaries today and go to the level of 1.40040.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURUSD: target for FridayAnd so, on Thursday the Euro demonstrated the protection of the level of 1.18025, which strengthened the hopes of buyers not to close the instrument in the red zone at the end of this week. In this regard, the target for Friday is the level 1.18595.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD: test 1769 And so, GOLD would test 1769, there is strong support there, the sellers will be stopped at this level. To continue the upward trend, the full protection of the level 1769 is required. Breaking down of this level will not have a good effect on purchases.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
EURUSD: on the line of defenseAnd so, the Euro, as expected, retreated to the 1-st support line at 1.18025. Sales here have been stopped, but it is unlikely that they can be stopped at all. If in the very near future the price does not rebound from this support, then the 2-nd line of defense for the Euro will be 1.17530. Consolidation at the 1.18025 level is likely to lead to a fall as well.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD: tense situationAnd so, gold is making attempts at stubborn resistance at the level of 1794.835 after the price break down. In case of failure, the instrument will have to go down to the level of 1769.045. If gold can strengthen at current levels, the next mark is 1812.325.
For further growth, the instrument needs to be fixed at the level of 1830.495.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
USDCAD: launch upAnd so, given the strength of the US dollar at the moment, as well as the fact that oil prices are likely to decline in the near future, the Canadian will weaken. The 1.26320 level is a good starting point upwards. The first expected target is located at the level of 1.27339, then, potentially, nothing should prevent the price from reaching 1.284460.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GBPUSD: model "triangle"And so, apparently the currency pair is at the stage of the formation of the "triangle" model. The GBPUSD is near the support level 1.37405, but it is hardly worth expecting protection from buyers here. Therefore, the price expects the level of 1.35690.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CADJPY: IS IT TIME FOR BEARISH BIAS/TEMPORARY CORRECTION AHEAD?Hello Traders, here's your free outlook for CADJPY! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :) !
CADJPY already impulsively rejected multiple rejection area. Recently, CADJPY has broken the lower trendline of rising wedge pattern. The momentum indicator is also pointing downward in the neutral area, indicating that CADJPY has the possibility to continue moving downward to the target area.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell CADJPY.
GOLD: it is too early to celebrate victoryAnd so, all in favor of buyers, but until the level of 1830.495 is overcome, it is too early to celebrate victory. The main support levels are 1812.325 and 1794.835 (where the price can potentially fall). It is expected that the price will be exactly on these levels in the near future.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.