Gold seeing upside around 1866. Looking for 1900, 1920. $XAUUSD
The shiny gold metal broke 4h support at 1498.05 last night begging the question on what's to come next. With yesterday's FOMC meeting and Powell speech cutting interest rates activated a swing/reversal pattern in Gold. XAUUSD found lows around 1482 before pivoting upward with relentless pull. Looking for gold to test monthly highs. keeping a close eye on the 1518 range.
Looking to short $XAUUSD from 1298.45 from Daily and 4h support. All trading involves risk. Never leverage money you can't afford to lose.
With the recent growth on GU due to the speech, a wedge has formed on the D chart. With a long wick, expect GU to go down some in the coming days/weeks. Be smart and use good risk management. Good luck! J
Looks like when I formulated this downward channel in UJ it forms a nice long position on the day chart. Lets see how this pair cooperates over the next week. Good luck, use good risk management in all trades. J
This channel allows us to see how EU will continue down to at least 1.067 on 4h. I'm anticipating it to break through that position targeting 1.055
DXY pressuring high numbers around 101, can't go much further, will expect a crash by late Nov. early Dec.
The week chart for EU looks like it could be longed to at least 1.15 within the month. With the DXY decrease prediction after the election EU seems to be up in the air.
This pattern shows a gaining support of an uptrend for UJ. After a long drop, its finally hit resistance at 106.5 and has been rising ever since, as shown by this 4h chart.