XAUJPY after sharply rising from the long term Lead-In trend line and Horizontal Support Level, is now currently testing the supply line of a local Right-Angled and Ascending Broadening Formation it has developed at the highs and seems to have completed an RSI BAMM and is now looking to do an impulsive move down. If the impulsive move down is great enough, we will...
This is an Idea of XAUJPY of Short that Trend will reverse because of Forex Sentiments and RSI Highly Over Sold first now RSI highly over bought.
Gold price in JPY is going parabolic Ni225 Japan's index going parabolic USDJPY looking like its going to follow. Japan possibly stuck due to the carry trade of US bonds in Japan? This is going to accelerate and turn bad if the BOJ does not raise rates immediately. The USD/JPY pair never been this high since 1998 tagging it previously in 1989.
I write to you today with concern and urgency as the gold market takes an unprecedented turn. In recent weeks, gold has reached record highs against the Japanese Yen (JPY), potentially defying the US Dollar (USD) dominance. This unexpected development calls for immediate attention and careful consideration, as it could have significant implications for traders...
In our latest post on gold, we noted that the bearish trend lacked momentum, which would result in a sideways moving price action. We said that gold profit-taking would ensue to cover traders' losses elsewhere. We expect this trend to continue in the short term. We will pay close attention to the FED on Wednesday as it is expected to hike interest rates by 50...
●● Mine scenario ● 1W It is very likely that, as in the case of XAU/USD , the wave (V) of the " Supercycle " degree forms the Ending Diagonal I- II-III-IV-V . ● 1D A variant of count of the triangle ((B)) of I . ● 23h A variant of count of the wave (1) of ((C)) in the form of a single zigzag A - B - C . ● 6h I expect the...
Great one here straight off the bat great upside potential - ignore indicator below its inaccurate gold will push up BITFINEX:XAUTUSD OANDA:XAUUSD TVC:XAU NASDAQ:XAU TSX:XAU BITFINEX:XAUTBTC FX_IDC:XAUUSD BITFINEX:XAUTBTC FOREXCOM:XAUUSD FX_IDC:XAUTRYG OANDA:XAUEUR BITFINEX:XAUTUSDLONGS BITFINEX:XAUTBTCLONGS OANDA:XAUAUD FX_IDC:XAUTRY...
Hello traders and analysts, This is marked as short for short term but overall bullish gold - just as liquidations occur during "summer period". Here is our take on XAU COT DATA: AVG Longs Shorts Total long short Avg_13 306,481 65,875 372,356 82% 18% Avg_20 298,457 54,145 352,601 ...
BULLISH PATTERN FORMATION ON XAUUSD PAIR AMEX:JNUG AMEX:GDXJ AMEX:GDX AMEX:NUGT
Updating our previous post but so far it's shaking out just as we predicted. Bullish Leg 1 = completed Bearish Leg 2 = completed Bullish Leg 3 = completed Bearish Leg 4 = completed Big Bullish Move Expected Leg 5
ZOOMING IN ON PREVIOUS JUNIOR GOLD MINING TECHNICAL ANALYSIS
Maybe some turbulence, but the path is clear long term $GC_F, $GLD, $USDJPY
Not much to say here. Methinks most people have missed the storm. If you haven't tell us about it! LOL.
XAUJPY just broke out of a 6-year triangle.
Analysis -XAUJPY looking bullish after showing signs of a reversal. Sellers pushed price down into support but the following day, buyers bid up the price to back above support before the second daily candle close. -The 2 candle price action resulted in a bullish engulfing setup AT SUPPORT which is a bullish sign. -The third day (after daily bullish engulfing...
Bat didn't work out very well, didn't it? Now we have big big big red candle ripping through previous supply level. Well, is it the end for Gold? I don't think so. We can see clear wave structure forming from the very bottom and it seems as though we are in potential wave IV. Hence, here's our trading plan! We will wait patiently for 1287-1293 area....
XAUJPY has been trading within a 1D Channel Up that is now on its Higher Low limit (RSI = 50.211, Highs/Lows = 0.0000, MACD = 335.230). The declining Higher High sequence however may push this time slightly lower creating an alternative marginally tilted Channel Up (dashed parallel lines). The long TP is 142915. ** If you like our free content follow our...