SeraphimFX

SeraphimFX

Gold (XAUUSD) outlook for the Week 17/6/24- 21/6/24 HTF: After price created ATH at $2450, we have thus confirmed a bearish divergence on the daily. Expected low to go at $2277. MTF: 4H has given us sufficient bearish confirmations. However, note that until this daily low of $2277 goes, bullish pressure could still come in at any point in time, as we are...

SeraphimFX

AU is in demand right now, plenty of liquidity and huge imbalances above. Look for the long next week once liquidity below is taken. Target the .786 of the initial push down. Expect a 150-200 pip move to the upside in the coming fortnight.

SeraphimFX

Previously, the UJ long was called considering the technicals and macro fundamentals. Now, there’s reason to believe DXY has peaked. The latest CPI news dated 14/09/2022 suggested inflation was still not slowing down despite the Fed’s attempts. However, in anticipation of inflation actually slowing down as expected from now, we suspect this could be the top. We...

SeraphimFX

DXY to fill monthly wick, UJ to tap MTF 786 before pushing up to HTF 786 in tandem with DXY monthly wick fill