brudinholdings

brudinholdings

Gold has been wild to trade so far in October! We have been sticking to key S/R levels 1750, 1765, 1775, 1782, 1793 and 1800 for trading opportunities. This coming week is light on news so let's look at the fundamentals for gold to see if we can work out price action. 1. Inflation is clearly not transitory. CPI prints are as high as they've been since the 1970s -...

brudinholdings Updated 

Gold has been providing some excellent scalping opportunities post 8th October NFP. We did not end up trading our last plan due to disappointing NFP data but the price of gold fell anyway. We have been scalping both long and short between the intraday support of 1750 and resistance of 1765. Looking at the 4H chart, we think gold will attempt to attack the 1770...

brudinholdings Updated 

On 30th September, XAU made a big retracement from the low 1720s. It stopped just short of the historic 1765 level which has staged previous trend reversals. We are coming into October NFP week and the all important jobs figures will be released on Friday 8th October. Jerome Powell has previously stated that the conditions for taper are "all but met". Therefore,...

brudinholdings Updated 

OANDA:NAS100USD NASDAQ has been hovering at all time highs for most of August. With the the FED rumoured to start tapering asset purchases as early as this year and ending them altogether by mid-2022 on broad economic recovery, US indices are in for a long overdue (and healthy) correction. Here we have a simple chart including weekly ascending channel and weekly...

brudinholdings

Sterling has been on the back foot lately for several reasons: strong USD, uncertain view of BOE tapering and more recently supply chain shortages (e.g. fuel crisis). In the week leading up to 8th October NFP, we were expecting some retracement in DXY which has translated to price correction for GBPUSD. Our view is that this pair will move towards 1.37216 which is...

brudinholdings

OANDA:XAUUSD After the surprise price crash on gold at the market open on Sunday 8th August, the price has recovered dramatically towards what we believe to be the 618 FIB of the 1st June high at 1916.62. Namely 1825.34. Now during the week of 23rd August, all eyes are on Jackson Hole to get hints about the nature of expected tapering for the FED's $120bn/month...

brudinholdings Updated 

FX:CADJPY has come to a strong resistance trendline from 2007 and reversed. Looking for a drop to strong support from January 2009. It the support breaks, expecting downward correction to strong support from May 2013 near 83.375. Will be watching for initial test of 1W 8 EMA near 86.250 and test of the 2009 support line.