There was a strong push fakeout to the upside as the JPY regains some strength. I will be closely monitoring this pair to look for a retracement entry for the buy. Im still bullish on this pair although we have broken the bullish weekly trendline. Japans economy seems to recovering in the short term. There is a lot of economic data that is being released in the...
Gold has broken past key psychological resistance level of 2400. There is major news this week which include Fed Funds rate, FOMC, and as well as NFP. The consumer confidence and JOLTS came out today higher than expected but caused a fake out to the upside for the DXY (dollar). Which caused Gold bullish impulse.
Bitcoin is moving in a series of waves making lower highs and lower lows. Previous data has shown that to be a bear trap for a bullish impulse move. I detailed two on the 2hr timeframe. From my perspective this move will push price up to 70k or down to 50k. Secure profits. I'm bullish on bitcoin based on technicals and Fundamentals being its an election year.
Here is a detailed mark up of my perspective for XAAUSD (Gold). I will be looking for retest opportunities to enter a Long (Buy) position. The trend is bullish and there is a lot of volatility entering the markets during this election year.
Cup and handle bullish continuation pattern. Monthly double bottom confluence as well for bullish trend. CPI news at 2am
Gold is oversold so i am looking for counter trend reversal trades near the all the time high
Technical Analysis for a Gold sell off. Looking for sell opportunities at the swing high around 2055
Double bottom on the weekly time frame
Trend continuation, possible bullish breakout scenario