susannajuliaharrison

susannajuliaharrison Updated 

As illustrated on our chart we can see NAS becoming exhausted and upward momentum is dying off. We also can observe some large bearish divergences on our RSI which typically can indicate where the market is headed next. Though I do believe the upward trend isn't finished we are do for a correction in the short term.

susannajuliaharrison Updated 

XAUUSD had an intense US session as eyes were on the Jackson Hole Symposium. The DXY along with gold soared while European currencies took a dip. While a move to 1926 is definitely in the cards, I wouldn't be shocked to see a small retracement down to the indicated fib level before returning bullish in the Asian and London session. It could charge straight to...

susannajuliaharrison Updated 

The bulls seemed to have taken some control in our NY session, with a quick pump to the upside, reaching targets 1926, then having a breather in the later hours, gold now settles just under 1920 heading into our Tokyo and Sydney session. I do still believe gold is medium term bearish as I believe the Elliot pattern will fully complete around 1880-1870, but for now...

susannajuliaharrison Updated 

I believe 1936 is a great zone to short. The imbalance will be filled and is a good zone to either scalp or swing trade targeting even lower levels than the ones shown.

susannajuliaharrison

We still have some high volatility news incoming this week which could dramatically shift the greenback and the underlying markets. However, I don't want to ignore the signs on the chart.

susannajuliaharrison Updated 

1912 marks the .5 fib level on XAUUSD's most recent movement. With market sentiment generally bullish, I expect a rise in price. Markets are swaying a lot due to economic news, but as the NY session settles post-news, I predict a short-term rise in the commodities price and 1912 offers a good price to step in at.

susannajuliaharrison

This is just merrily a short term idea as the Jackson Hole Symposium will begin taking place tomorrow and has a high probability of creating volatile market swings. Overall on the medium to higher timeframe I still have a bearish bias. This week will be interesting as we have a lot of market news being released. As of right now I believe this could be a good...