This is just analysis based on chart.. Wait for confirmation before entering the trade.. Be Safe.. Trade Patiently & Wisely..
Double Top MACD Shows some losing of momentum = Divergence
This pair is in a downtrend channel.. but there is small Long setup..
Watch over Strong Resistence on 108 level..
Lets look what will market do on support zone.. and find opportunity..
based on Divergence, this pair showed some probability..
It's been along time since I look at Gold.. Gold has made Hightest High in April on Daily.. My bias would be sideways for this pair, for now..
On 1Hr TF, this pair has met strong resistence. Looking for Long.. Look for confirmation before Entering the trade..
Probability for AUDUSD to touch fresh support & bounce back up..
looks like this pair is ranging... Choose your strategies wisely..
USD getting weaker.. Probably this pair can make some incline..
Looks like a revearsal gonna be late, based on usd are getting weaker and the number of infected on CORVID19 are rising... US is now on the top of most infected & affected by CORVID
this are my ideas for now. Thank you and do share your thought...
1) From my perspective, gold had just broke bullish trend line and touches 1500. 2) A lot are going on in the market that pushes this yellow metal down given the pandemics Corvid19 3) Stock plunges down, margin stop call is probably one of the reason this metal is also down. 4) Loose monetary policy 5) Fear sentiments 6) Reach the cycle next support will be...
is gold gonna continue down? or gonna continue its bullish position? This is my 2 possibilities.. if it break the "T Line", it could probably reset to bearish.. Horizontal line: Red = R, Blue = S Any thoughts please share with me.. Thank you..
after a sharp drop on tuesday, gold is starting to gain some momentum.. However for me, still waiting for a few confirmations..