Hlias

Hlias

Scalping the day, I expect before news at 14:30 CET bullish moving that maybe will hit the Fibonacci extension or near there. Have a nice trading day.

Hlias

Although today my attention is more on the Canadian dollar and the decisions from BoC, but my attention is also at gold which seems to have a continuation of its upward trend.

Hlias

With just over two weeks left to the ballot, markets are positioning for a tight presidential election. This kept investors more favored to safe havens such as the dollar and gold...

Hlias

Daily, with many doubts. For some inexplicable reason I have the impression that gold will make a downward turn from the price it is at today. Of course, everything shows that it will continue its upward trend and my chart can easily show where it could reach. Good luck to everyone.

Hlias

With a week ahead of us without much news until Thursday, December 21 where we await the U.S. Gross Domestic Product (GDP) Q3, U.S. Initial Jobless Claims and Philadelphia Fed Manufacturing Index, I believe that gold will retrace its downtrend or advance to a 2000-2050 exchange range. Of course we must not forget that we are in December and the end of the year...

Hlias

This is a visual representation of how I see the gold chart for today only. On the chart I have marked my targets only for today within a range from 1962.50 to 2000. The ranking that I might win my targets does not play any role although a Gartley pattern wants to show that the shorts will be achieved first . Good luck for today and let's not forget that because...

Hlias

Despite the threat of war in the middle east, for today at least gold will probably move technically. From the fundamental side, we only have the retail sales that can somehow move the dollar down and to the benefit of gold. But one new thing for today is that the American president will visit Israel tomorrow, so we don't expect the start of the war between Israel...

Hlias

With yields so high is normal for Gold to go down. Also DXY looks unstoppable... IMO till 108. So for today I'm expecting bearish moves that can hit in extension 1900 or maybe lower. In the other side if it change direction to bullish, maximum can be... IMO a bit lower from yesterdays New York session 1923 - 25. Those are not signals, Is just my view on my...

Hlias

Trend is bearish. Can we see retrace on that ? In my opinion NO. Core CPI was at 0.2 % and prediction is that will stay there. Yearly and monthly CPI looks like they will go a bit better. Forecast for yearly is 3.6% from 3.2% and monthly 0.6% from 0.3% (?) Higher or forecasting numbers we can take as positive/bullish for the USD and Gold will felt more. Need...

Hlias

Hard to see Gold flying today. But it looks that more and more buyers are coming in. I draw some targets for this week but important will be what we will get from the news. And not forget, August is a unstable month for gold :) Trade safe and good luck.

Hlias

With the US stock market closed today gold seems to be a little more free to move up, but not by much. It seems to be moving through a small tunnel that may even reach as far as the 1940s where there is a fairly old resistance. Of course, it is not excluded that this small retracement will also take the opposite direction, aiming for 1903 once more. Good luck.

Hlias

Looking ahead to 06/14/2023 for the FOMC's decision on interest rates, I expect a small rise in gold. If the decision is to freeze interest rate increases, I can assume that gold will rise even more. I think a good position for the bears would be around $2005-2010.

Hlias

This week, there is an uncertainty in the market due to the hot news circulating on various economic issues in America and around the world. Despite this, from a technical point of view, we could see the movements of gold like this for today and maybe for the next two days.

Hlias

This week there is news that they could give a bid on gold. For the moment, however, small movements up or down could help the scalpers more.

Hlias

Waiting for the Fed interest rate decision, the chart does not seem to be so technical but more fundamental. Scalping between the two lines may be the key for the next two days. Good luck.

Hlias

One could say that this week it is a little difficult to find the right direction. Despite this, I believe that the first main movement will be towards the south. Arriving in the 1960 it will have to be decided whether it will converge towards the south or return to its upward course. The news of this week will be of great importance, especially the GDP (Q4) and...

Hlias

DXY now is at 0.382 fibo (103.881). If will continue downtrend will find resistance at 50% fibonacci (103.626) maximum and will turn again north with target D of the pattern XABCD at 104.79/104.80. I believe that have the strenth to pass that level heading to 105.320 - 105.780. Good Luck !

Hlias

It's nice to draw lines on top of a chart that can look real. But the point is to believe them... I don't believe mine today :D