Fidelachor

Fidelachor

The rallying identified on the chart suggests a possible failed break between the higher 1700s and lower 1800s but this is typical to the economic season if we look at last year's market. Could this be a new resistance forming for the Bulls to ride the recession into the "highlands"(2000s and above)? I'll be watching for the close of th emarket today to make my...

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Fidelachor

With the US strengthening the position of the greenback through the provision of aid and humanitarian activity in the last 4 months or so, we have seen continuous domination of the XAU/USD pair by the Bears, this isn't a surprise owing to the fact that the the policies being rolled out the Democratic office in power, puts th greenback at the helms of international...

Fidelachor

With the news of a rapid decline in transactions on the crypto platform and the debate by the Federal Reserve on commodity costs and production price mark ups as the United States braces for a recession. We see the XAU market taking a position similar to last summer with the price ranges rallying between 1730 and 1825. Could this be the call sign for the bulls...

Fidelachor

FOLLOWING PRICE ANALYSIS FROM LAST YEAR'S MARKET, THIS FIGURE WAS A RALLY POINT FOR THE BULLS, COULD THIS BE A REOCCURING TREND?? I'M WATCHING FOR THE DAY'S CLOSE. THIS IS A VERY EXCELLENT POSITION FOR ANYON LOOKING TO GO LONG IN MY OPINION.

Fidelachor

With the current position of XAU on the index, we should foresee a dip just before the swearing in as a lot of liquid positions are going to develop on the financial market due to the change of power and I believe this factor will help the bears maintain a firm grip on the market. SUMMARY - XAU HEADED FOR 1680s

Fidelachor

With the resistance formed at the 1507 price range, we can acknowledge that a significant amount of bearish movement should follow as the price failed to break this zone, could this be a turn of the tide for the bulls???

Fidelachor

I would want to be watchful for this price zone as it might just be th eturning point in the market as the bears are looking to send the market in a reverse if the 1385.50 price margin is broken, we could see the formation of a new LL. anyone else see this??? do leave your comments, let me know. :)

Fidelachor

1284.5 zone a really consistent support for XAU, following some bearish movement over the weekend, a restest zone confirmed, market will definitively begin to rise steadily to the bench marked zones on my chart, creating a new HH and matches the previous (1291.5) in the process.

Fidelachor

with the GBP retesting a strategic support zone at 142.8 and finding it difficult to form any HH over the weekend it is plausible to evaluate that we could see a swing in the trend following some Bullish movement this week. Watch out for some major movement on the H4 and be sure to watch those prices(143.5 for new HH)

Fidelachor

Having rejected the 1284 price zone, marking up a strong resistance level as shown by the consolidation over the last couple of days, making a short entry here wouldn't be a bad idea as I believe that this is going to be a retest of the 1277.50 region forming a LH - fingers crossed, this should be a quick profit for swingers and scalpers alike.

Fidelachor

So upon consideration after a lengthy wait, I am confident that the retest of the price zone (109.5) indicates a confirmation of the development of the first clear HH of this year and also a key support zone. I expect a little more consolidation around here but door anyone looking to go long and hold this is a good entry point for a buy order.

Fidelachor

.......we may now begin to see the possibility of a push for the 142-144 price zone...expect a lot of noise (tightening your stop loss prior the weekend market wouldn't hurt would it??)

Fidelachor

Hello everyone, sorry was a little late with this..breakout shows possibility of continuos formation of HHs and HLs...do I'm guessing for those of us who had been monitoring the price action over the last couple of days, a buy order must have been put in today, and congratulations if you're like me and already in profit...*oink**oink*!!!

Fidelachor

In anticipation of the Brexit vote, we (swingers) observed a lot of market movement around certain zones......a retest of this major support zone (as shown on my chart) could this be a build up to the continuation of an uptrend?? personally I would expect some more consolidation around this region so I'm watching to see how it goes...if it breaks the retest...

Fidelachor

Well folks, following our ealier analysis we now see a little ranging around our oredictive price which was about 1288>. This is my chart showing my major support and resistance lines. Like if you agree and feel free to leave me a comment if you dont. Whats two potatoes heads to an egg erh?!

Fidelachor

Following the formation of a lower high as a result of a retest of the 1288-1292 price range, we shall begin to notice a steady uptrend as bulls are confident in price as a result of previous market analysis at this same price. If the retest fails to hold at support then we might see a lot of bearish activity but fingers crossed for a steady rise to about 1306>...

Fidelachor

Watching the chart on the higher time frames shows a formation of a lower high (which might be a head and shoulder pattern formation, if anyone agrees with my observation). The 1292 price range must just be a major support line for the next trend reversal. Be ready to sell and hold for long.