Dixie Dollar has been tumbling and has looked a bit stronger over the last few days The dollar rise made Gold peak 1987 and shed off to 1965 However, I am not convinced of a Dixie bull until the next Fed Announcement If Dixie collapses then I am looking for Gold Rush to 2000 My Entries TP 1965 1987 1963 ...
We have successfully been shedding this market to the downside since getting involved around 1980. Possibility for immediate continuation to sink "support" levels or we look for a better selling price above 1945. Any upside should be false or short term and any consideration of some solid bulls should be between 1885 and 1895. Ideally, If the market shows...
Gold is showing strong upside and may remain bullish mid to long term. However on technicals, we may be approaching short term important level around 1798(1800) Level. A break above could see possible continuation to take out Previous month high and a run towards 1840. Failure to break, could lead to a short term breakdown targeting the 1750 zone. #Godspeed...
Gold technical possibly looking to find buying power. Market may begin shift bearish to bullish. Conditions; - Wipe out of year low - Wipe out of 6 month low - Near 1 year support/demand level - Completed 100 pp cycle - DXY signalling bearish D1/H4 However may still push to the downside. Possible to take risj sells. Took risk buy entry at 1711 But I am looking...
#EU Showing signs of possible upturn. Though there is still a lot of bearish pressure. If it continues strong today, I'll be looking for more bull signals especially in higher TFs Early entries maybe liquidated, pools bottomside. Always do your own research and read your own charts. #Disclaimer this is an idea, not financial advice.
After taking a good short last week, I managed to buy some of my shorts back. Was looking to short again today, but didn't get my fill. Looking to short back into that short term " demand " zone. Looking to short again by Friday then bears should be spent. If the highs for the week are run between Thursday and Friday's Trading. then I am expecting a nice...
EURUSD has been trading in a range this whole week between the Sunday open and the low hit by London Close on Tuesday. I can't imagine a run above and price is sitting in a short term premium zone and the DXY looks like it might be taking an upturn. The news move from the ECB and NFP announcements last week still needs to be corrected or retraced. Longer term...