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zuoertai Updated 

AUD has met its strong resistance at 0.71000. Take a short position as soon as possible to around 0.70564. If descending momentum is strong, hold on to it until the price falls to around 0.70405

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Take short position at around 0.70900-0.70920. Take profit at around 0.70570 or 0.70408.

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EUR is still suffering from risky news and events from EURO zone that will continuously make EUR relatively weaker against USD. Remain "sell at high" strategy. 1. Take short position at around 1.14000, take profit at either 1.13350 or 1.12708

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Gold price has been largely fluctuating between 1224 and 1243, and both ends shows strong support and resistance. Meanwhile, the price has formed same pattern as previous period A and B, which means gold price is getting ready for another big jump. Recent risky events also indicates this expectation. Strategies: 1. Take long position at around 1225-1226 to...

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Gold price fell from strong resistance last Friday and is approaching to vital support at around 1230. Long position is suitable if the price falls back to 1230 region. I would expect more risk events happen during the day, plus DXY has been to the highest that we might see some level of retreat.

zuoertai Updated 

Wait until the price retests 1230-1233 area then take long position to 1245. Stop loss at 1225

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Possible movements are posted on the chart: 1. Red arrows: Wait until the price goes back up to 112.400 and take short position to 111.650. 2. Because the upward trend formed on March has just been breached, may short right now to take profit at 112.450-112.400

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GBP did fall to 1.29000 that approved my anticipation on yesterday was correct. Three strategies today: 1. Wait until the price goes back up to around 1.29270 and take short position to 1.28000 or 1.27000. Stop loss at 1.29600 2. If price doesn't go back up to 1.29270 but breaches support level at around 1.28680, take short position to 1.27000. Stop loss at...

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Wait until the price goes back up to around 112.630-122.650, take profit at around 112.050

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Yesterday gold price went up dramatically again due to bad performance of global stock market and depreciation of DXY. From the chart we can see that "A" and "B" are very similar ascending flag patterns after huge increase of the price. This time the price is very likely to form another flag with area fluctuation trading opportunities between 1230 and 1240. 1....

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The ascending trend line since August 15th has been broken , it was approved last night that it provides resistance. With Brexit issue being consistently uncertain as well as British government may not be stable, I would continuously take short position at daily high spot. 1. Wait until the price bounces back to around 1.30130-1.30180, take short position. Take...

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Possible movement is shown on the chart. Wait and see if DXY goes strong without stock markets plumping.

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This is only a note and estimation to myself, not a decent analysis.

zuoertai Updated 

Overall, gold price is still fluctuating between 1220 and 1230. We cannot really determine the absolute buy or sell until the price shows obvious break through on either support or resistance. Thus traders may remain their "buy low sell high" strategy. During the day, since DXY is expected to retreat a bit that gold price will bounce back, 1225-1226 is likely to...

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*My idea about GBPUSD on last Friday was approved correct, while I didn't make trades last night because I wanted to pause to rethink about previous bad trades.* Fundamentally, GBP plumped last night due to strong DXY and uncertainty about Brexit. I expect DXY remains strong after some level of retreat during the day and GBP would continue to be sensitive to any...

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Last night, due to DXY was strong plus Italian government persists their budget plan to massively increase government spending, EUR depreciated heavily. It is expected that DXY would remain strong after some level of retreat during the day, and EURO zone is still extremely sensitive to any news related to Brexit and Italy budget issue. Therefore the overall...

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Strategy is shown on the chart.

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USD is expected to remain relatively stronger against JPY. So far the price has reached the resistance level at the descending trend line that was formed since October 3rd. Today we shall look for break through of the trend line and the opportunity to take long position. 1. Take a long position at around 112.520. Take profit at 112.900 2. In case the price goes...