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GOLD: Corrective Structure is coming?From a technical point of view, Trend is bullish on Daily and Intraday charts. At the same time, if we look at 1H chart, our impulsive structure 12345 could soon be completed, and this bullish consolidation (we are currently still working wave 5) could become an interesting opportunity to sell Gold as a tactical strategy. From our point of view, it might be interesting to try to sell this rally above 2,020 area. What do you think about it? ..and what could be the closest Target in your opinion? Trade with care Like | Share | Comment
OANDA:XAUUSDShort
by TheAnonymousBanker
6
New Week, New Opportunities: US Dollar Set to Reverse Course!Good morning everyone, and happy new trading week! As we kick off the week, we're keeping a close eye on the US Dollar, which we expect to see some strength in the early part of this week. As many of you know, the USD is a key player in financial markets, so this move could have significant ripple effects across asset classes. For example, we might see the EURUSD pair and US stock markets reverse direction as the USD strengthens. And even bitcoin, which is often seen as a safe haven asset, could be impacted by this move. But what does this all mean for traders and investors? Well, it's always important to stay nimble in the markets, but this expected USD reversal could present some interesting opportunities. For example, those with a bearish bias on the USD might consider taking profits on their short positions, while those with a bullish bias might consider adding to their long positions. To help visualize the expected move, here's a chart showing the USD index over the past month. As you can see, the index has been trending downward, but we believe this could change in the coming days. As always, it's important to do your own analysis and due diligence before making any trades, but we hope this gives you some food for thought as the new trading week begins. Good luck out there, and happy trading!
TVC:DXYLong
by JoelWarby
2