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Gold Is Struggling To Get Past A Daily Key LevelThis actually looks like a slowdown of bullish momentum overall to me. It has rejected the daily SR zone of 1684.68 multiple times and is becoming overbought on higher timeframes. We may see another stutter step before another move toward the downside. But the Coronavirus procedure here in the U.S. has been flawed due to lack of preparation and the market is been reflecting that. So if we do continue bullish, it'll be because of news on the United States right now. Here are your TPS: BEAR TPS: • 1652.46 • 1635.33 • 1612.96 BULL TPS: • 1683.62 • 1697.70 • 1720.94
FX:XAUUSD
by NikaJourney
2
The Short Looks Like It May Continue...Where price is consolidating at on the 4hr became a very thing doji that retested a bearish engulfing candle. This could indicate another small retest before continuation back down or we're just gonna keep plummeting. I want to see if we're going to keep going past the daily SR zone for 135.674 to the weekly. Or if the temporary long move does occur, will it stop at the monthly zone of 140.009 or not. Even though I do see a reverse inverted head neck and shoulder formation happening on the weekly, it'll take a while for it to complete the right shoulder. That is, is price doesn't feel like keeping the bearish momentum in play. Here are the TPs: BEAR TPS: • 135.909 • 132.775 • 131.018 BULL TPS: • 139.393 • 140.009 • 141.288 • 142.510
Short
by NikaJourney
1
The Bull Market is Strong With This OneWith Gold looking extremely bullish, looking for a pullback to the daily to 1629.31 before a continuation. After looking at the higher timeframes, I don't see any slowdown for the bull markets yet. But since this is the end of the month, we have to see what it wants to determine before the new month begins. BULL TPS: • 1662.05 • 1684.68 Will post new TPS once it clears those. We are in a monthly zone. So reaching that daily will mean we have broken out of it and will continue up. BEAR TPS: • 1629.31 • 1611.27
FX:XAUUSD
by NikaJourney
1
Waiting For Retracement to Reveal The Next MoveKeeping this short and sweet this week. The majority of the pairs I'm updating are based on Friday's big move. The focus is to determine price direction and the next setups. I don't have enough info yet for the next major moves. So trade zone-to-zone. It looks like it's not done falling, yet it's running out of steam. What happens this week will determine if we have a pullback for continuation or a flat out reversal. Let's see can it get to that monthly SR level below at 107.555. BEAR TPS: • 108.235 • 107.917 • 107.567 BULL TPS: • 108.760 • 108.935 • 109.247
by NikaJourney