Gold-Tech

Gold-Tech Updated 

GOLD is forming a correction when breaking the local trend support. The panic zone is the support of 1964. The price is testing this area, I do not think that after such a strong movement the market will have the potential to break the level. Prerequisites for a possible bounce from 1964: 1) A strong move wastes potential. The opening session was around 1976,...

Gold-Tech

EURAUD does not pass through the resistance of the downtrend, consolidation is formed, which prepares the currency pair to fall. Prerequisites for further decline: 1) Euro is in the weak market phase and continues to decline. 2) A descending channel is marked on the chart, the price is bouncing off the trend resistance 3) Consolidation below 1.66166 forms a...

Gold-Tech

GBPAUD breaks the resistance of the downtrend, which increases the bullish interest. False breakdown is unlikely, correction before further growth is possible Prerequisites for further growth: 1) GBP is fundamentally strengthening on the back of geopolitics 2) The price breaks the descending resistance and forms an impulse 3) Before reaching the local target the...

Gold-Tech

GOLD is testing bullish trend support and at the same time resistance at 1988.6, which plays an important role in price formation. Prerequisites for further upside: 1) Bounce from support and bullish trend 2) Favorable fundamental background 3) Weak dollar is only positive for gold 4) The situation in the Far East 5) Consolidation in the rising channel between...

Gold-Tech

EURCAD is forming an uptrend. The euro is actively strengthening against the Canadian. A consolidation in the format of a symmetrical triangle with a false breakout of support is forming on the chart. If the resistance is broken, the price will head towards 1.4710 and further towards 1.4800 Prerequisites for further growth: 1) Consolidation and false support...

Gold-Tech

GOLD continues to consolidate near the ascending channel support. With news ahead, I expect a retest of the support in the form of a false breakout, which could be followed by a rise towards the 2005-2020 side. Prerequisites for further upside: 1) The news may be weak for the US market, which will be positive for gold 2) Retest of channel support - logical...

Gold-Tech

EURUSD is still in global consolidation. The market is standing still as the dollar stopped growing and went flat. NFP, Unemployment rate is released today. Prerequisites for further growth: 1) The news can be bad for the dollar and good for the euro. 2) Analysts expect 180K instead of 336K. 3) The price is forming a triangle consolidation 4) If resistance is...

Gold-Tech

GOLD is testing support amid the news we received on Wednesday. False breakout increases local liquidity in the market, after which the price strengthens. Prerequisites for growth: 1) False break of support against the background of an ascending channel is a strong signal for a possible continuation of the trend 2) Gold is still under the influence of increased...

Gold-Tech

NZDJPY breaks resistance. The market looks interested enough to reach the target of 89.900. The New Zealander is performing well against the Japanese yen. Prerequisites for growth: 1) A triple bottom is formed in the area of 87.00 2) The price breaks through the next resistance and tries to get a new impulse to open the potencial. 3) Price consolidation above...

Gold-Tech

GOLD is in consolidation. Which is indicated by the mood of the crowd. In this area the struggle for further prospects is forming. The main role is played by the 1984 level. Prerequisites: 1) There is news ahead, most likely it could be positive for the American market, which could be relatively negative for gold 2) If expectations come true, the gold price...

Gold-Tech

GBPJPY is forming a sideways range on the background of weak pound and radical decisions of Japanese authorities related to interventions, But as we remember, these methods affect the market short-term. Prerequisites for the fall: 1) False breakdown in a reversal pattern format 2) Impact of interventions on Yen appreciation. 3) Price in a range. False breakout...

Gold-Tech Updated 

GOLD updated its high on Friday to 2009 and is now forming a correction. Most likely the market may be interested in liquidity to the area of 1990-1980. The growth may continue. Prerequisites: 1) Strong trend stops, consolidation forms after the stop. There is no deep correction or fall and renewal of lows 2) Support retest is formed after updating highs 3) The...

Gold-Tech

USDCHF breaks through the resistance at 0.9000 and forms a strong consolidation above this line. But, if the dollar gets negative news (a lot of reports publication ahead), 0.9000 will break and the price will fall to 0.89600 Prerequisites: 1) Why I am expecting a rise - break of resistance and consolidation above the level 2) It is worth paying attention to DXY...

Gold-Tech

EURGBP continues to form an uptrend. consolidation appears on the chart near strong resistance Prerequisites: 1) Retest of 0.87345 resistance, no downside after false breakdown 2) Another retest is forming 3) The ascending triangle shows bullish potential. 4) There is upward support in the market, accumulation in volumes 5) Consolidation under the level and the...

Gold-Tech

GOLD is in consolidation phase. Although the triangle resistance was broken, the market is still gathering volume. The market sentiment is bullish, as is the global trend. TA on the high timeframe: 1) Like the dollar index and gold, consolidation is forming in the market 2) It is worth paying attention to today's dollar news. TA on low timeframe: 1) Retest of...

Gold-Tech

EURJPY breaks trend support and prepares to fall. The local trend may change amid JPY intervention and EUR weakening TA on the high timeframe: 1) Strong bullish trend. 2) Support area retest TA on low timeframe: 1) Price breaks trend support 2) The level, which can be broken to start a strong down phase, is still holding the price back - 158.29. 3) If 158.29 is...

Gold-Tech

Gold continues to strengthen despite the growth of the dollar index. Fundamental news affects gold more strongly than the correlation with the dollar TA on high timeframe: 1) Price breaks resistance and closes above the level after a 3-4 day retest 2) The trend is bullish and I think we should continue to consider buying TA on the low timeframe: 1) A breakout...

Gold-Tech

NZDJPY continues its bearish trend. The price is in the descending price channel. Against the background of these data, it is worth looking for strong resistance levels for further sales TA on the high timeframe: 1) the bearish trend follows the NZDUSD, which is weakening amid the strengthening of the dollar TA on the low timeframe: 1) A false support breakout...