Brian-Mongare

Brian-Mongare

I think Gold is going to drop and grab the liquidity in the liquidity zones. However, the main market drivers such us inflation or the geopolitical events have to be observed as we near the USA election. !!DISCLAIMER!! This is my opinion based on my short-term analysis.

Brian-Mongare

Based on my technical analysis overview on the dollar index, I am anticipating the index to move up and fill the demarcated Fair value gap, and then drop down towards the sell side liquidity and the fair value gap below it. However, considering the political events in the USA as one of the factors that affects the forex market, the index may react contrary to my...

Brian-Mongare

It seems my anticipation are being confirmed. XAUUSD is dropping amid the upcoming USA elections. Let wait and see how the market will turn out.

Brian-Mongare

Technically speaking, I anticipate the price of GOLD to drop further towards 2240 where a Fair value Gap and an Order block are. Looking at the daily timeframe, the precious metal is approaching the mid-point of a FVG, after a market structure shift at 2392. This seems like a short entry position. Conversely, looking at the fundamental factors such as the...

Brian-Mongare

I anticipate a downward trend in GBPUSD on the daily timeframe in the near future. This might take time considering the upcoming US elections and the market sentiments, as people are already pricing in following the anticipated Fed interest rates cuts. Until then, let's keep an eye on how the market will be reacting based on this anticipations.