Gold-Tech

Gold-Tech Updated 

Gold is holding fairly steady in the flat 2080 - 2090 after a strong rise that started back at the end of last week. Interest in the metal is quite high, which has recently increased investment in the metal as a safe-haven asset. The bullish trend may continue after the false breakdown of the nearest support, as well as after the breakdown of 2090. Reasons for...

Gold-Tech Updated 

The currency pair is breaking the structure and preparing for further growth. The target at the moment is the resistance 93.4. The bullish trend, as well as the weak yen favorably influences the New Zealand dollar. Reasons for further growth: 1) Correction phase ends in an area of strong liquidity 2) False support breakout 3) Consolidation relative to PDH 4)...

Gold-Tech

Gold is forming a rally after breaking through a strong resistance zone. On the background of sellers' liquidation and opening of orders by the buyers, which accelerate the price to 2060, we see the momentum. The approximate area where the impulse may end is LH (2060 - 2065). We should wait for a retest and a false breakdown. Reasons for further growth before...

Gold-Tech

The currency pair broke the resistance of the descending channel a few weeks ago, but after the breakout a consolidation is formed, which in this context can be perceived as a trend continuation pattern. In our case, a trend change is forming, which means we should wait for the continuation of the upward movement. Against the background of a possible fall of the...

Gold-Tech

Gold is declining, although the whole market was expecting a rise to higher zones. There is a strong pressure on the market due to the upcoming news, as well as the strengthening of gold. The gold market is trading in a narrow range and is forming a kind of consolidation, therefore, it is possible to trade relatively strong levels Reasons for further decline 1)...

Gold-Tech

The currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline. Reasons for further decline: 1) Counter-trend correction 2) Liquidity and resistance areas at 1.4728 are strong...

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Gold has been strengthening all last week and today, Monday, it reaches a strong resistance where the correction phase may find its end. Globally, earlier, we saw a change of trend and at the moment the market is starting to look for a change of sentiment towards selling. Consolidation below 2035-2031 will form a bearish potential Reasons for further...

Gold-Tech

USDJPY continues to grow. The price is standing still, but it is forming an ascending triangle relative to the maximum. Buyers are interested in further growth, as a consequence, the price reflects their interest. Reasons for further upside: 1) Bullish trend 2) Fundamentally weak yen continues to weaken against the dollar 3) Price is forming a consolidation in...

Gold-Tech

GBPUSD may lose ground amid the weakness of the British market against the dollar. The dollar index is strengthening amid more positive news this week than analysts expected, moreover, another indicator of tight policy is the high interest rate in the US, which continues to be kept at the same level. Reasons for a possible fall 1) Downtrend 2) Weak fundamental...

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Gold is testing the resistance of the actual trend. The area, which the price entered, does not realize the potential, which the market was counting on. There is no strong surge in volume and volatility after breaking the trend boundary. In addition, today is a non-working day in the US due to a holiday. Given these reasons, gold has a very high chance of forming...

Gold-Tech

GOLD is preparing to continue falling amid the current environment. The dollar is strengthening as the interest rate cut is postponed, which will allow the index to strengthen, which is a negative lever for gold. The metal is under selling pressure and the 2015-2020 area may not hold and break down. Reasons for a possible decline: 1) Strong dollar is bad for...

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EURUSD may soon overcome the boundary in the form of support. Against the background of the downtrend, the price is forming a retest of support after a false breakout of resistance. This may be a strong signal for further price decline to 1.06655 Reasons for further decline: 1) False breakdown of resistance on the background of the downtrend 2) Strong dollar...

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Gold is trading inside the flat. The standard situation of price movement inside the range - from resistance to support and vice versa. Accordingly, the price is testing the resistance area of the sideways trend and is apparently now heading towards support. We are waiting for a decline to 2022 Reasons for further decline: 1) Price is in sideways movement...

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USDJPY may show strong growth on the background of weakening Japanese Yen and strong dollar. The price is testing the resistance. Consolidation is forming. If the price returns to the resistance again, the chances of a breakout will increase. The target in our case will be 151.7 Reasons for further gains: 1) Strong dollar 2) Consolidation forming without any...

Gold-Tech

Gold is declining and may continue to decline through 2016. This support has a proven strength, and in the absence of a clear trend, this level may push the price up with the help of buyers. The target in this case is 2027 Reasons to bounce: 1) Key level 2016 2) Price is trading inside a global flat pattern 3) 2016 is a strong support with a proven history 4) A...

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USDCAD may continue the growth phase within the local uptrend. The favorable background for the currency pair is the strong dollar, which is strengthening after last week's news. The pair may test the resistance and after a small correction continue the growth to the far target. Reasons for further gains: 1) A strong dollar that continues to rise 2) Against this...

Gold-Tech

GOLD both technically and fundamentally, on the background of high interest, may continue its growth. There is strong news ahead, which may affect in different ways, as it is impossible to determine in advance what will happen. But, on the back of increased jobless claims, NonFarmPayrolls could be negative for January Reasons for further upside: 1) NFP, based on...

Gold-Tech

GBPUSD may show further growth. There are several reasons for this, including the positive geopolitical and fundamental background for the Pound. NFP could be bad on the back of US jobless claims increasing, which could affect the employment rate. Reasons for further gains: 1) Today will be NFP. Expect the data could be bad for $ 2) Price breaks local...