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Will The Bullish Run End This Week?Traders drove GOLD into its bullish rally, but does their buying strength stand a chance against the OPEC meetings? If the USD doesn't show strength after this week's OPEC meetings, this will continue to be bullish. Fundamentals will change the course of this pair this time. Otherwise, we're going to have a nice trade-off the weekly key level no matter where it goes. BEAR TPS: • 1612.96 • 1594.92 • 1579.68 BULL TPS: • 1629.31 • 1644.64 • 1668.80
FX:XAUUSD
by NikaJourney
Surge In Outbreak May Keep This BearishThe outbreak is rapidly spreading in the US with no signs of the slowdown happening yet. If you haven't been paying attention to this pair lately, it's been making some pretty strong moves each week. I admit that I was even sleeping on this little bit, but not anymore. This will be one of my top swing trade pairs for the next few weeks or months. I've actually been enjoying is several day rides and I'm going to keep continue to do so. As you may notice, I have bigger targets on despair due to the way it's been moving lately. Here is your TPS: BULL TPs: • 0.95716 • 0.96542 • 0.97306 • 0.97942 • 0.98358 • 0.99026 • 0.99673 BEAR TPs: • 0.94910 • 0.93980 • 0.93476 • 0.92505 • 0.91845 • 0.90554
by NikaJourney
Traders Running To Gold May Keep It BullishTraders are buying GOLD since it's considered the safer currency due to the pandemic causing tons of instability in the markets. This explains the bull run it's doing. Currently, we're looking at a lower high with tech analysis. I would prefer another drop in the market back to the monthly level of 1537.30 zones before making a run back up. I honestly don't have very much faith in the US market at the moment. It's stronger with some currencies. But I doubt it can overpower this one. but you know me. I don't marry a direction anyway. So here are the TPs I'm going for regardless of what the market does. BULL TPs: • 1625.20 • 1644.64 • 1660.80 • 1683.62 BEAR TPs: • 1606.41 • 1599.92 • 1579.68 • 1565.69 If it can pass the daily SR zone… • 1550.97 • 1538.72
FX:XAUUSD
by NikaJourney
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
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