If you see the chart in daily you'll see the pattern of downtrend if you see the history of Gold chart there is trends like up, down, up,down, up & now down. There are 2 supports there if it breaks we can achieve our target & if wedge pattern is break before it then change of game plan. Targert - 1215.
Hi Guys $ Dollar is weakening & Gold already shows uptrend in D1. In this chart you can catch the Gold movement whether it's going down or up in the wedge pattern. If the wedge pattern break & next candle form & settle out of wedge then you can say it's breaking the pattern.
I'm expecting Oil will falling till 39 - 38.80 which is the 4th support in 30 days. It's because of the fundamentals, 1. OPEC countries try to cut output, but US selling there inventories. 2. US Oil inventories data comes negative. 3. US drills new rigs, so new inventories to sell because they want to collect 16 billion doller from Oil selling. 4. Mexico...
NZD/USD breaking trendline in H1 & USD/JPY is going up Entry at 0.7229 T1 - 0.7182 T2 - 0.7049 T3 - 0.6958
NZD is playing in between wedge & it will break the trendline so i'll be on sell side because, 1. USD is getting stronger atleast for 1 or 2 week because of Fed rate hike. 2. NZD GDP q/q data come less then forecast. 3. So you can also go for buy JPY because it will also going to break it's falling wedge 4. You can go for Sell NZD/USD & Buy JPY/USD. Target is ...