Gold has held above its yearly open at 1825.500 rising interest rate helped push it down from its highs. on June 15 2022, price was pushed down to 1805, a level it has held several times from may this year (2022). price has respected 1805 to create a triple bottom situation on the daily time frame. fundamentally; tho rising interest rate has been a factor that...
THERE IS TOO MUCH MONEY FLOWING IN THE WORLD RIGHT NOW BECAUSE OF THE PANDEMIC, VARIOUS GOVT IN DEVELOPED WORLD PIMPED MONEY THIS WILL LEAD TO INFLATION THAT WILL NEED TO BE CONTROLLED. TO GUIDE AGAINST INFLATION, INVESTORS ARE GOING TO JUMP ON THE JPY
price is in a deepdown trend, market makers are hitting all stoploss of buys, price is below last weeklows. the dollar will be sold off when the CPI data is released. target is 1.20656
THIS IS A SELL IDEA, PRICE HAS MADE MOMENTUM MOVES UP, A FAIR CORRECTION IS NEEDED TO THE DOWNSIDE, AT LEAST TO THE 0.382 FIB LEVEL
INVERSE HEAD AND SHOULDERS, FALLEN CHANNEL, STRONG DAILY SUPPORT LEVEL
PRICE CAME TO YEST PREVIOUS STRUCTURE AND GOT REJECTED, THE NEXT MOVE UP IS 9.8 AREA
WE ARE ON A CRITICAL SUPPORT ON THE DAILY AND BIDEN WILL WIN WHICH MAKE AUD STRONGER AND CAD WEAKER BECAUSE OIL PRICES WILL SELL
Price is bullish on weekly and daily with an inverse head and shoulders. price retraced to the neckline of an extended W'' on the 4hr which is a huge demand zone.
WITH AMERICAN ELECTIONS CLOSE BY, NZD WILL BE WEAK AS INVESTORS WILL STAY AWAY FROM RISK ASSETS & NZD IS PRONE TO RISK, TECHNICALLY, THERE ARE GREAT REJECTIONS AT THE SUPPORT
BUY TO THE GOLDEN ZONE AREA OF 1.09000 ON THE DAILY AND SELL IT ALL THE WAY DOWN, ANTICIPATING A HEAD AND SHOULDERS ON THE DAILY.
OIL PRICES WILL KEEP BEING UNDER PRESSURE TILL THE WORLD ECONOMIES PICKS UP, THIS WILL HAVE A NEGATIVE EFFECT ON CAD AS OIL IS A MAJOR CONTRIBUTOR TO THEIR GDP
PRICE GOT REJECTED FROM 0.66821 WHICH IS A GREAT CONFLUENCE OF RESISTANCE OF GOLDEN ZONE, ALSO NZD WILL HAVE NEGATIVE RATES AND STIMULUS PACK WILL NOT BE PASSED BEFORE ELECTIONS
PRICE IS IN A DOWN TREND, WE HAVE A RISING CHANNEL ON THE 4HR, WITH RISING RISK IN THE MARKET, WE HAVE SOME DOWN MOVEMENTS TO MAKE.
GREAT OPPORTUNITY TO SHORT BECAUSE OF HEAD AND SHOULDERS