EksbalzFx

EksbalzFx

Gold just sideway in daily channel & weekly channel.

EksbalzFx

As long as key level BRN 2,600 for gold can sustain, this indicates a lot of buyers still in the markets.

EksbalzFx

Price moving inside the parallel channel for weekly. Price also showing spike high candle on weekly.

EksbalzFx

Gold price moving in the direction of parallel channel czt.

EksbalzFx

Still on bullish structure following bigger timeframe.

EksbalzFx

With Retail Sales on Tuesday, FOMC meeting minutes & Unemployment Claims on Thursday will provide better volatility for Gold to go north against USD.

EksbalzFx

As cooling in US inflation accelerates decline in the dollar, gold and other commodities stand to benefit.

EksbalzFx

Assume that the last impulse is Wave 5, now currently making correction ABC. Now price at B thus whaddaya waitin' for?

EksbalzFx

Currently price for gold is making correction for A with a 5 wave sequence.

EksbalzFx

Gold seems for short to 1840. As per EW principle, now assuming price currently making W4.

EksbalzFx

Currently DXY sits atop of critical zone on monthly. This provides the course of Dollar movement for the 2023 period onwards. A reversal that breaks the level 103.00 would be good for the Dollar, while a move beyond the zone downwards would mean the Dollar crash.

EksbalzFx

Triple bottom on the daily provides clues for possible change of market structure for Gold.

EksbalzFx

1800 BRN for sell gold, as the AO shows maximum convergence. Just wait at the zone given.

EksbalzFx

As the daily failed to close above zone and gives us wick, thus indicates rejection on upper zone.

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Wait for price to come in the zone and react accordingly .

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EURUSD looking for long for the intraday period. Probably now making wave 2 of wave 3.

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Intraday looking for long for GU. But must break CZS.

EksbalzFx

If price break the czt zone then retest it, possible to soar even higher :)