mapepezafx

mapepezafx

After seeing a few clear HHs (basketballs) on the 1H Timeframe, the yellow metal will see some humility as US Jobless Claims will be less than expected but regardless of the fundamentals - its about time Gold humbles itself and reach a point where the price meets its current demand

mapepezafx

Ahead of Federal Reserve Chairperson, Jerome Powell's speech, we speculate that a lot of traders will be venturing into buying the yellow metal. The US hawkish monetary policy does not affect this. Confirmed BUY if it crosses 1860 range, taking it to potentially reach 1880 or higher. Beware and use proper risk management and analysis on this idea. #ZolutionFX

mapepezafx

In the last few days, the pair has formed and completed a Head and Shoulders pattern to confirm its Bearish movement. Further downsides and a break below support lines could see the pair fall to 119 range. However, if the pair breaks above the first and second resistance lines, that can possibly take it towards 125.

mapepezafx

Based on the ongoing uptrend inspired by the Feds and the news, we expect a further bullish movement all for at least one more day. Use the yellow markers as support and resistance indicators and use proper Risk Management #ZolutionFx

mapepezafx

Since the Russia-Ukraine peace talks going underway, the pair is currently bullish with an expectation to peak to 1.5000. Targeting 1.4805, Stop loss at around 1.46000. On the long-term, the bears are still dominating the price movement.