mikesautodetailer777

mikesautodetailer777

With the Yen strengthening and the Bank of England's dovish stance on rate cuts, my strategy for the next move is as follows: I plan to wait for a price pullback since a head and shoulders pattern has already formed. This setup indicates a potential reversal, and I will look for confirmation before entering a trade.

mikesautodetailer777

If gold break the trendline on four hours chart, and close weekly above the trendline there is a possibility XAUUSD will test 2550.00. OANDA:XAUUSD

mikesautodetailer777

Looking for longs.Price might pullback to an area which would have interest for buyers.My opinion is too risky to go long now as tomorrow is Friday where usually whales take profit.

mikesautodetailer777

Shorting #EURJPY for next week based on last week price action. Entry price will be at 141.2500 with 35pips stop loss.

mikesautodetailer777

Price seems respecting the Daily trendline. If price breaks, possible a bearish price movement towards next support.

mikesautodetailer777

Gold retracement and continue towards to 1620 area last support.

mikesautodetailer777

Gold is climbing high breaking bearish pattern on 4HR time frame.

mikesautodetailer777

Gold will make a retest again at 1620 before moving up to the 1700 level.

mikesautodetailer777

My advice for long run investors : buy physical gold under 1800 $ as it will become harder to get within time . as for short term traders : sell under 1685 as long while the Fed is playing hawkish policy and beware of any sudden course change and don't risk with big money as the Fed is walking on thin ice above Massive dangerous amount of debt .