Range trade for GOLD, good risk ratio, FOMC can make weird jokes in the short term (delay hike until January) and this will be a good opportunity to grab some profit from GOLD reaction
USD strong bias can push gold down until it reaches the last strong support (Fibo 0.764)
AUD/USD has reached a very deep bottom and now momentum is changing. being a strong gold correlated currency it has the potential for a long term bullish trending behaviour. Remember to keep your SL moderately tight and to let the profit run...this is not a rush but a marathon instead.
Summer is a good time to buy gold and keep it till late autumn, it can save us from the wild swings of other markets- during the summer the gold market is moderately bearish because of new drillings, low trading volumes, poor demand. this setup is only for a long-term trader who need some safe harbour to dock during the storm.
Summer is a good time to buy gold and keep it till late autumn, it can save us from the wild swings of other markets- during the summer the gold market is moderately bearish because of new drillings, low trading volumes, poor demand. this setup is only for a long-term trader who need some safe harbour to dock during the storm.
The upcoming weeks will put selling pressure on EURO zone, due to the lack of stability (Greek issue) The main bias is still bearish, but there is a short term opportunity to gain some pips from the fake bulls run. Take it with a grain of salt and remember to setup a very tight SL
The EUR/USD bearish movement is finally here, the slope suggest more downside bias, we expect another impulsive wave to 1.10, US data are too strong and the Greek issue is now a fact, no solution, nodeals, only rumors..and the old man say...BUY on news SELL on rumors
Grexit is still a big issue, USD data are good so far, then this bullish bias is willing to turn into a lateral movement and the price will go back into the proper sideway channel
Opportunity for a short USD position opening to hedge upcoming turbolence and the pre-summer frenzy sell off
Doji Lines at reversal edges, this time the bias is bullish based on the shape of the last candle
Bottom of the main uptrend channel. High probability of a swing topping at medium channel line
The uptrend is still in place and we are ready to secure some profit during the monday session.
Fibonacci arc pattern suggest a bullish move with target at 287