GoldCartel - Raytheon long-term forecastRaytheon Announces Deal To Make Israel's Iron Dome Defense System In the US.
This analysis fails if it can break out and close below the red support line.
Goldcartel
GoldCartel - Potential sell zoneI reckon, if it rejects the upper daily trendline and resistance, it will fall back down to the major support—pretty good risk-reward ratio.
Catalyst:
- BOE Monetary Policy Report
- MPC Official Bank Rate Votes
- Monetary Policy Summary
- Official Bank Rate
- Asset Purchase Facility
- NFP
GoldCartel - Potential bullish pennantQuite sketchy, but I reckon there's a possibility of forming a bullish pennant. This analysis fails if it can break out and close above the 1981 zones.
Catalyst USD:
- Goods Trade Balance -70.6B
- Prelim Wholesale Inventories m/m -2.0%
- Pending Home Sales m/m 16.6%
- Crude Oil Inventories -10.6M
- Federal Funds Rate <0.25%
I sent these charts below to my client's to trade FOMC a few hours ago. It was a quick trade, less than 2 hours of trade. 1973-75 down to 1950, rinse and repeat.
GoldCartel - KODAK long-term forecast The Trump Administration is signing a Letter of Interest supporting a deal to transform Kodak into a pharmaceutical company that can help produce essential medicines in the United States. - Source: White House
USD/CAD Follow up analysis Feel free to check the previous analysis by clicking the arrow/dot inside the red circles. Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
It reaches the target 1, and my analysis remains the same. The next catalyst is US Flash Manufacturing PMI data.
Is gold ready for a major correction ?1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure.
This analysis fails if it can break out and close above the 100% Fib extension.
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
USD/CAD Weekly Forecast - Potential BIG tradeFeel free to check the previous analysis by clicking the arrow/dot inside the red circles. Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
I reckon it has the potential to fall at least to the "potential target 1" in the next few days.
Catalyst:
- CAD retails sales data
- USD PMI
XAU/USD Potential trade - Weekly ForecastIf it can stay below the upper triangle line, I reckon XAU will keep falling to the potential target one and two in the next few days.
This analysis based on the technical analysis only, and this analysis fails if it can break out and close above the upper triangle line.
XAU/USD Potential trade - Follow up analysisAs long as it stays below the minor trendline, my analysis remains the same. If it can breakout above the minor trendline, XAU will be going back up to retest 1816-1818 zones.
We all waiting for the catalyst:
- CPI
- Treasury Currency Report
- Sales data
- Prelim UoM consumer sentiment
- G20
Here's the link to see the previous analysis. It was a pretty good trades.
USD/CAD Weekly forecast - Follow up analysisSo far, it failed to break out the 1.372 zones. It retested that June 1, 2020, anchor candle zone three times and got rejected.
If it can break out and close below the major support 1.348, I believe it will keep falling to the potential targets in the next few days.
Catalyst:
- CAD Jobs data
- BOC Monetary Policy Report
- BOC Rate Statement
- CAD Interest rate
- CPI
- Treasury Currency Report
- Sales data
- G20
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
Is Gold Ready for a retracement to retest the H4 Trendline?It was a long wick H4 pin bar candle when it tests the 1818 zone, a strong indication of rejection. Currently, I believe Gold needs a retracement based on technical analysis.
Catalyst:
This week
- US Jobless claims
- US PPI
Next week
- CPI
- Treasury Currency Report
- Sales data
- G20
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
GBP/USD Follow up analysis - Weekly forecastCurrently, The target remains the same. This week, we are just waiting for the US Jobless claims and PPI data.
Catalyst: US Jobless claims, US PPI, GBP GDP, CPI, BOE, and Sales data
Weekly forecast - Great risk-reward ratioPS: This analysis fails if it can break out and close above 1800
1795.90 was the 2012's pivot, one of the most vigorous resistance in history. This zone could be a great sell zone with a tight SL.
Gold NFP forecastIn the previous analysis, It was an excellent trade and reached the target zone (Please click the arrow on the chart to see the analysis).
Yesterday in the US session, we tried to BUY at 1775 but got stopped out at 1774 when US PMI data released. Then the chart showed a nice rejection candle after FOMC at 1759. My clients bought at 1762-65, and it reached some of our targets already.
Currently, it's still in consolidation inside 1765-1775, we all waiting for NFP, earnings, Jobless rate, and Jobless claims data.
Based on the price action, I reckon if it can break out and close above 1775, XAU will keep climbing to 1783, and the final target will be at 1795. But if it breakout 1765 and can breakout and close below the trendline, I reckon XAU will fall to 1740.
I rarely post an analysis that calls both sides of the possibilities, but right now, I'm neutral, it will depend on the US data, and we will react accordingly.
NFP is going to be wild, please trade safely!
Weekly forecast It was an excellent rejection on the H4 time-frame, and last week the market closed above the major resistance at 1765, a good sign of bullish continuation.
Fed Chair Powell is going to Testifies this week, US ADP, NFP, Jobless rate, and Unemployment claims will give a strong catalyst.
PS: This analysis fails if H4 candle can breakout and close below the trendline
Here's our last trade, I sent this analysis to my clients, and posted it o my previous XAU/USD analysis
Potential double top on the H4 Time-frame - Weekly analysis1760-65 could be the best sell zone, but there's no sign of a valid strong rejection candle yet. This week we all waiting for a robust incoming catalyst; US Flash PMI, Final GDP, Jobless claims, Bank Stress Test Results, and the US PCE
The previous analysis (June 19, 2020) failed, last week Powell gave a strong reason for Bull to hold their trade over the weekend. Last week before the market closed, we tried to sell at the sketchy trendline 1743, but unfortunately, the market was open with a gap up to 1750 as I predicted.
PS: This analysis fail if the H4 candle can breakout and close above 1765. Please don't trade this analysis blindly
Excellent risk-reward ratio - Potential tradeFed Chair Powell is speaking right now, and this could be just a false breakout. I don't think the market ready to go higher this week, needs a more robust catalyst.
Next week will be exciting, We all waiting patiently to see US GDP, Jobless claims, PCI, CPI, and Bank stress data.
PS: This analysis fails if it can break out and close above the "POTENTIAL SELL ZONE." Please don't trade this analysis blindly.
Potential GREAT trade - Follow up analysisBravo! It was a great trade that we entered on May 25, 2020, reached all the targets.
Here's the updated analysis, and this is a potential massive trade.
Catalyst: Fed Chair Powell Speaks, GBP PMI, US GDP, and Jobless claims
PS: This trade fails if it can break out and close below the support 1.243 - 1.241 zones. Please don't trade this analysis blindly.
FOLLOW UP CHART- Almost reached the target but the price reverseFeel free to check my USD/CAD history analysis and updates by clicking the small arrow/dot in the chart.
Currently, it looks like a bearish continuation. Please don't trade this analysis blindly because this price is a terrible price to enter a short position, find a good entry on the lower time frame.
I sent this chart below to my clients. Here's our recent trade on June 8, 2020. It was a GREAT trade.
Catalyst: CAD CPI, CAD Core retail sales and Powell
Possible Short Position For XAUEUR OANDA:XAUEUR
Price bouncing along a Bearish Channel
Price mostly respects its channels and we'll be expecting this to do the same
DISCLAIMER
This is just for analysis purpose and it is not an investment advice to take any trade. It is just an insight to what may possibly occur.
WE DON'T NEED PLAYSTATION 5, WE NEED MORE MONEY !!This analysis based on the price action, and Playstation 5 is coming this holiday 2020.
Will it keep going up to the all-time high? maybe, time will tell.
Potential HUGE trade !! MONEY !!Feel free to check my AUD/USD history analysis and updates by clicking the small arrow/dot in the chart.
This resistance zone could be the best price to enter a sell trade, the target is the minor trendline, It has the potential to fall to the target in 10 days, most likely will reach the target on June 22, 2020
PS: This trade based on price action, don't trade this analysis blindly, and please do your research before you enter the trade. This trade fails if it can break out and close above the resistance. If you don't know how to trade, please don't trade this analysis.
I delivered my promise, Reached the target 3 ! - FOLLOW UP CHARTFeel free to check my USD/CAD history analysis and updates by clicking the small arrow/dot in the chart.
I was a GREAT trade, finally reached the final target at 1.343 zones, and closed March 2020 gap. Maybe 1.340 was a great BUY zone with a tight SL, target 1.372
CAD Unemployment Rate 13.7%
CAD Unemployment change 289.6K
NFP 2509K
US Unemployment rate 13.3%
If it can break out and close below 1.340, I reckon USDCAD will keep falling to retest the broken weekly trendline (chart attached below). But if it rejects 1.340, I reckon USDCAD will go up to 1.372. So we'll see. I'll send the update next week, I need to see more candles.
