lanceg21

lanceg21

Trend reversal in place. 2 of our swing trade got taken out. Key level to look at, if the price break trend line and retrace, we potential will be looking for a buy.

lanceg21

Key Event : Retail Sales Gold had some retracement from this past week downward pressure. With Dollar holding new high. Review of yesterday. Did a scalping trade that result in a small SL on the 15 min timeframe. Entry : 2570.11 SL : 2575 Was thinking its a retracement did a SL that is too tight. Today outlook Similar to yesterday, the key levels and SZ have...

lanceg21

Key Event : PPI Mom I dont think this event will move the market much. Gold is on the downtrend. Market pressure with the US dollar moving higher, gold is a non yield instrument, will be facing downward pressure. Review of yesterday. Day Trade, hit TP (1.4 RR) Today outlook DZ at 2558 - 2550, will be key if this break, we are looking at 2500. Supply Zone :...

lanceg21

Key Event : US CPI Red Folder news. If its break down from 2588.96, we may see 2500 today. If not it will be within the range of 2700 to 2588. Supply Zone : 2665.18 (4H) / 2619.34 (1H) Demand Zone : 2558.8 (Daily) Support & Resistance zone : 1. 2703 2. 2652 3. 2589 Forecast (Swing Setup) Asia will be a quiet session. London session -> NY Session Scenario...

lanceg21

With the PPI releaase, we are seeing downside to gold but it unable to break the support levle at 2158 to 2155 range. Asia session will be a ranging session between 2167 to 2158. Before London take it out. I will watch carefully on London session, where the market want to go. If Uptrend, will buy at 2167.5 If Downtrend will sell at 2155, this will led the Gold...

lanceg21

The day before, we expect that the EURUSD to be bullish but with the stronger than expected PPI release last night. EUR had a free failing, we expect that it will range in the 1.0878 in Asia before london take it to the next support level at 1.08492 If it breaks the 1.08492, may see support at 1.08121

lanceg21

With the USD sliding, and focus on the interest rate cuts. We are seeing a buying demand. EURUSD to push higher pass 1.09597 in the next couple of days. Entry at 1.0935 with a strong support at 1.09148

lanceg21

Gold may move upward from the support level of 2155. Support levels in financial trading are price levels at which an asset tends to find support as it falls, meaning the price is more likely to bounce off this level rather than break through it. With the dollar steadying in decline, this will push the gold up to the previous high. From 2155 to 2158 range, we...

lanceg21

The EURUSD pair is expected to continue its downward trend, potentially reaching towards the 1.07215 level, where it could establish a stronger low around 1.069 before experiencing a rebound to the 1.089 level. This anticipated movement is likely a continuation of the current bearish trend observed in the EURUSD pair. The initial target of 1.07215 could be a...

lanceg21

Last Friday, following the Non-Farm Payroll (NFP) release, XAUUSD (Gold) experienced a significant decline in response to the Federal Reserve's announcement. The announcement, which likely included insights into the economy's health and potential monetary policy shifts, triggered a sharp reaction in the gold market. However, towards the end of the trading...

lanceg21

With last week release of key indicators in the US, we see a wild ride for the Gold. Also with the UK attack on Yemen, we see gold spiking. Gold to consolidate at 2050 before moving up to 2070.

lanceg21

We are still seeing a general down trend. AUDUSD to go high in Asia and London Session before reversing to 0.66438 range. Core inflation news will have impact on the price point. Zone 1: 0.68013 - 0.68155 Zone 2: 0.67348 -0.67514 Zone 3: 0.66427 - 0.66261

lanceg21

Yesterday we have a choppy ride, with gold pushing up higher but unable to break the resistance and coming back down. The trend today will be the same pending the key news event (core inflation). We are expecting that gold to run in the asia and london session to 2047 to 2048 range and then come back down in the new york session. Since last week, gold been...

lanceg21

We call that gold will be doing a bounce yesterday and it expecting just that. But the break of 2022 range was short live. The bearish trend is still very much strong. The market will be moving into 2036 - 2040 range. I will be aiming for XAUUSD to move into 2039 to 2030.5 range to take some short position. Aiming for 2031 as first range and then 2023 as...

lanceg21

Based of the daily, I am expected it to hit 2032 before the reversal. Price hit 2029. We are looking for reversal to 2035 range and then it will go bearish again.

lanceg21

Last week, we saw the NFP caused a high swing in price. Didn't made the target to go lower instead it took out the previous day high. XAUUSD is still on a downtrend. Looking to target 2032 before moving back up.

lanceg21

Yesterday we are looking at the continue selloff of XAUUSD but that didnt happen. Overall still in line with the expectation. There's a zone @ 2048 to 2049, this will be a important area, I will be looking at sell trade to at that level that push toward the next zone @ 2033 - 2028. With Non Farm Payroll happening today, we are expecting that the feds to stop...

lanceg21

EURUSD tested the 1.088 zone yesterday but failed to break. Shorting to break pass 1.088 and will be a rally down to 1.08 region. Likely in London Market.