Here is a break down of our analysis of our commodities basket ; xauusd, xagusd, btcusd, brent
golds highest close is 2046 and the market found it difficult to trade above the 2000 even after a lower nfp number & higher unemployment on Friday. the market has a clear head and shoulder formation, this could lead to a correction pulling the yellow metal to 1950's-45's a better entry in the market i am bullish on gold with preferred long positions @1943
sell short us500 @3950 target 3600 stoploss 4045
Bearish outlook, if there's a retest and rejection of that broken trendline. The price is open to a drop till 15k retesting a psychological line in the sand
NZDCAD for a potential buy @ 0.82500 ( entry Reason: falling wedge at monthly support , H1 RSI divergence) Stoploss: 0.81799 Tp1 : 0.84700
anticipate a bounce off the daily support @ 1.45626 supported by the regular bullish divergence occurring in h4. if you are interested in riding the pull back a good entry would be : stop level: ...
Brent is looking to continue the uptrend Fundamental analysis: the war in Ukraine doesn’t seem like peace talks are working as fast as everyone hoped Technical analysis TF (d1) Price has bounced off at 97.50 the daily 50 sma printing a morning star with an impulsive move (h4) Price action looks like its printing inverse head and shoulder however price...
BINANCE:MATICUSDT long Entry Price : 1.76880 SL: 1.34226 TP1 : 2.78831