AU along with Gold (positively correlated) has been losing strength against the dollar according to the technical pattern observed. Looking to continue further to the downside
Gold failed to form new low last week and price got back up on a bullish Friday. Looking for correction to 1643 to take price further up to 1663
Looking to sell AU from area above 1.6460 for a continuation to just above 1.6320 level. Multiple confluences qualify this as a AAA setup according to my trading plan
Looking to continue with the bearish market for gold thanks to Powell destroying demand by raising interest rates aggressively this year. GDP yesterday was in line with consensus which wasn't an alarming number. Likely to see Powell raise interest @ November meeting by much less aggressive rate and pausing till next year. Lets see how it plays out. This isn't...
Based on history 0.6800 is good place to short the Aussie
According to our strategy that is the best place to short Aussie due to multiple confluences
The Aussie currently making higher-highs. Looking to take price higher upon tapping of order block @ psychological level 0.6900
Price has come back to significant daily level with no slow down in momentum of bears & has formed a lower-low confirming bears in control. No significant reaction was observed on significant daily level. Looking for price to tap us in @ 0.6900 and take us towards 0.6813 as it is the highest probable TP after breaking daily significant level
Triple top formed with the bears from 3rd top breaking previous support & forming new lower-low. Anticipating retracement to R17 for liquidity grab before committing further to downside. B type setup as we do have a possibility of going just under R17.20 before committing to downside. However R17 is more highly probable.
Will be looking to buy gold upon bullish confirmation @1835 & @1865 to take profit just below 1900 area
Short scalp opportunity on Dollar-Rand. From pre-London session will be tracking price to observe if we make it back into liquidity zone R16.20 for shorting to R15.45
Fundamentals: * Breaking news: Ukraine President Vladimir Zelensky hosted on CNBC(US) warning of highly possible option of Vladimir Putin using nuclear weapon (Fear Inducing) * Japan & US not continuing Easter holiday next week monday but Great Britian + Australia + New Zealand still continuing meaning less institutional money @ play on Monday * Tuesday all...
Fundementals: * News just in Ukraine President Zelensky announcing on American media about Putin highly likely to option for nuclear weapon. * Easter not observed by Japan nor US on Monday with London & Australia + New Zealand still continuing holiday. Less institutional money @ play. * Tuesday all institutional money in play Technicals: * Gold made new daily...