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Gold is at a confluence of pivots
XAUUSD
, D
XAUUSD: Gold is at a confluence of pivots

Gold. A short analysis of the current technical position. We make no apology for focusing on the Technical Analysis aspects rather than the fundamentals. The Gold price IS largely propelled by expectations of price trajectory. That is to say the price of gold is largely driven by expectations of the price of gold! Whether we discuss anticipated buying from savers...

Taking my profits on the USDJPY trade, pays post FOMC dinner!
USDJPY
, 60
USDJPY: Taking my profits on the USDJPY trade, pays post FOMC dinner!

Doesn't pay to be too brave on FOMC day - profit taken

Downside breakout for USDJPY on the hourly?
USDJPY
, 60
Short
USDJPY: Downside breakout for USDJPY on the hourly?

Has been rangebound for a while and now trying to establish direction - modest target of 120.64, stop @ 121.16

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