SIRHANST

SIRHANST

It is evident that whenever a new low is printed on XAUUSD, a pull back phase is inevitable. Scalp LONGS will be as follows: PP: 1810 - 1820 (100 pips scalp) Will be looking at continuation on intraday swings towards the psychological level of 1800 KL that we have mentioned months ago in FM accompanied with pull backs to better PP. With the fundamentals,...

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Dollar domination back on the table with optimistic labor market data which was the main catalyst for the shift in market sentiment. Closing in to the end of the month, lower volume will be anticipated with deeper pullbacks on the dollar for better price set-ups for the new month AKA monthly rebalancing of prices. Pull backs to 104.5 or impulse breaks above...

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YEN 1. Weakness of YEN back in play after hitting the all important 77 price point with new-year rally and price set ups at the start of the year. 2. YEN is extending its macro sentiment with BOJ maintaining dovish monetary policy which is devaluing JPY. 3. Institutions got to jump in at better price points with these pullback plays with no changes in current...

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SIRHANST

As gold is in an extremely bullish cycle, we want to be riding in its hype towards 1900 KLs if there aren’t any major fundamental change or major catastrophe happening around the globe as most of the wars and conflicts has been priced in already. HRHR buys: 1830 KL MRMR buys: 1856 KL Safer buys: 1872 KL Will be looking at scalps sells as pullbacks with PA confluences.

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With the current fundamentals in play, will be looking to ride the bullish market structure to previous highs for Intraday / Scalps on LTF. However, do expect lower volume for Monday running into Tuesday as most banks are on a New Year's break. HRHR Buys: 1812.5 KL MRMR Buys: 1814 KL Safer Buys: 1825 KL Buys at 1825 will be a good +80 pips scalp to start of...

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Although GOLD flew off the cliff, this is of no surprise to season traders. GOLDILOCKS always pulls back upon printing HHs. In this case, we can see that there weren't enough volume to break the weekly KL of 1820 DT. FM called out shorts way before the news prints as usual with both technical confluences and fundamentals in play. From the technical standpoint,...

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We highly discourage FM to be trading nearing the end of 2022 as this is the time of the year whereby we should be celebrating our P's and hardwork put in throughout 2022. Nevertheless, FM will be providing weekly breakdowns on DXY and GOLD as per usual. As a PA trader, we can see that weakening of the dollar, we have not been able to see a rebound or...

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At FOMC monetary policy last Thursday, Santa Powell threw a flash grenade at the market leaving everyone stunned and paralyzed. Fundamental wise, although the FED's minor shift in monetary policy reducing rate hikes to 50 BPS from 75 BPS, it is still considerably a stronger rate hike as compared to 25 BPS in terms of rate hikes as a whole. Accompanied with Santa...