💵 DXY Plan. Expect a mild sideway movement before a recovery to retest the 103.9xx area. Further developments will require close attention to economic news throughout the week.
🪙 Gold Plan. There is a strong resistance zone at 2040-2045. If this level is breached, gold prices might head towards retesting the 2055-2060 area. Conversely, a sideway range of 2015-2010 is likely to protect the downtrend before the psychological mark of 2000. A break below could expose the 1980-1975 region. For safety, consider placing BUY orders in the...
💵DXY Plan. According to last week's plan, DXY returned to the 103.8xx range as predicted. However, this week, I will lean more towards an upward trend. Expectations are that it could reach the 104.7xx range based on economic news throughout the week.
🪙 Gold Plan. Gold has rebounded from overbought conditions, similar to what happened in late October/early November when prices dropped significantly. New data such as US CPI and the FOMC statement + press conference have the potential to create strong volatility in the dollar market, and gold is not immune to that. In case the price decline is short-term, the...
Gold Plan. Based on last week's plan, the trend was correct, but the price has moved much farther than anticipated, approaching the recent peak around the 2070-2080 area. This week, following the upward trend, there will be significant fluctuations due to economic data. For safety, watch to BUY in the 2040-2045 range and watch to SELL at 2117 - 2122 with a Take...
Plan DXY. DXY has returned to the 102.xxx area as predicted. This week, there will continue to be a slight recovery to the 103.5xx area. After that, it will continue to fall sharply to 101.2xx.
DXY Plan (U.S. Dollar Index). As predicted by ZC regarding price direction last week, DXY experienced a significant correction, reaching the support zone around 102.9xx. This week, with important news events, it is anticipated that there will be a rebound to the range of 103.3xx, followed by continued price absorption and a sharp decline back to the range of 102.2xx.
Gold Plan. Building on the previous week's plan that accurately predicted the trend, this week, the trend remains upward. However, the predominant observation is that the market will mostly move sideways in this phase before continuing the uptrend, with a range between 40-50 points. For safety, traders can consider entering the market around the range of 2008-2011...
Gold Plan. This week, the trend indicates an upward movement, however, the predominant forecast is sideways within the price range of 40-50. For safety, traders can wait for a rebound to the range of 2000-2003 to sell and seize opportunities to buy at 1960-1963, aiming for a profit during the adjustment wave with a target range of 5-8 points. Set the Stop Loss...
💵 DXY Plan (US Dollar Index): Last week, DXY experienced a significant correction, establishing a support zone at 104.5xx before rebounding to 105.xxx. This week, with crucial news on the horizon, the prediction is for a retracement to the 106.5xx region, followed by news absorption and a strong decline back to the 104.xxx area. ⚡️ In the event of any changes or...
📊 In the upcoming week, there will be significant news regarding the US Dollar, Australian Dollar, and the British Pound, leading to potential strong fluctuations in currency pairs. Specific events include Consumer Price Index (CPI), Retail Sales, Producer Price Index (PPI), among others. Based on my predictions, CPI is expected to be lower compared to previous...
🪙 So, this week will continue to see significant fluctuations driven by news related to the war and important economic updates in the U.S., such as PMI, non-farm payroll reports, and more. The war is unlikely to end easily; it may persist for several more months, with increasingly complex developments. In Zenith's perspective, Gold will continue its upward trend...
Negative War Developments. A brief update: Yuanta has just released a report assessing the impact revolving around the Hamas-Israel conflict, emphasizing concerns about Israel's preparations to respond to Hamas insurgency and the potential involvement of Lebanon and Syria, which could escalate tension. The Hamas-Israel conflict may escalate oil prices, increase...