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Fundamentally, Italy has made agreement with European Union on their budget issue that caused EUR appreciated against USD and broke through the descending trend line since October 16th. Brexit is still struggling at the moment but we can expect the negotiation turn out to be positive. Technically, price is potentially forming a Head-Shoulder Bottom structure. If...

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Fundamentally, Reserve Bank of Australia still has no intention to raise interest rate any time soon. With USD being relatively strong, I still expect AUD to plump in the next one or two day as long as it reaches higher resistance level. Technically, the big descending trend line formed since September 21st still perfectly holds. Even if AUD has been ascending...

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From the chart we can see that even though the price is still fluctuating within the small descending tunnel, 1225 and 1230 provide very strong support and resistance. Since 1225 has been tested for four times, plus Trump just exited nuclear treaty with Russia that risk aversion mood is also likely to push up gold price, we are expecting gold price to test 1230...

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Due to the negative impact by uncertainty in Brexit, Italy budget issue and strong USD, EUR fell to the new low. If there are no surprises tonight from Europe, EUR would remain the same movement pattern. Strategy: Wait until price gets to 1.14800 then take a short position, take profit at 1.14350. Stop loss at 1.15000

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Strategy is shown on the chart.

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Last night gold price went up due to the rise of risk aversion mood, even though DXY raised and reached 96. Once again we have seen that 1220 is the market's psychological level that is hard to break through. Even if the price is still within the descending tunnel, the macro environment is actually beneficial to the upside risk of gold (stock market's panic,...

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Update to my last post about gold. A second probability of gold price movement which is also very likely. Anticipation is shown in the chart.

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DXY is likely to remain bullish and GBP would continue to be bearish as long as Brexit is uncertain. Overall strategy is still sell at upper level resistance. Take short position at 1.31300, take profit at 1.30815. Stop loss at 1.31700

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Two possibilities (red arrows and blue arrows): 1. red arrows: take long position at 112.100, take profit at 112.840 2. blue arrows: take long position at 112.400, take profit at 113.000

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Possible movement is shown on the chart.

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Four hour chart shows recent price has moved out of the descending trend line and shown ascending momentum. In general the strategy is to take long position at a supportive level. 1. Wait until the price retreats to 112.060 then take position. Take profit at 112.840. Stop loss at 111.680 2. Aggressive traders may take short position at market price to 112.060....

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As the chart shows, gold price has shown lower buying power by keeping lowering its daily highest and lowest point. On top of that, DXY has a extremely hard time to break the support at 95 and it also has gained some strength recently. Therefore the general strategy is carefully take long position during the day and prepare to take short position whenever the...

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Watch for supportive and resistant region. Gold -0.07% price is likely to fluctuate between 1224 and 1233. RSI shows a relatively low ascending momentum, and SO indicates the price has met its support level . We shall always pay attention to any sudden news that may bring impact to gold -0.07% price. In summary, pay attention to the supportive region and...

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Gold price is likely to fluctuate between 1224 and 1233. RSI shows a relatively low ascending momentum, and SO indicates the price has met its support level. We shall always pay attention to any sudden news that may bring impact to gold price. In summary, pay attention to the supportive region and resistant region that are shown on the chart. I personal don't...

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Strategy is shown on the chart.

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AUD currently is fluctuating between 0.71307 and 0.71450. Thus these two lines formed vital support and resistance. Since USD has been relatively weaker, with the upcoming mid-term election this trend would go further. Therefore the overall strategy is still looking for opportunity to long. Strategies: 1. If the resistance at 0.71450 is broken through, we shall...

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Yesterday's gold price just perfectly answered our question about whether the price will continue to rise. As far as the global stock price continues fluctuating with relatively higher downside risk, and regional conflict issues keep rising, investors are likely to choose gold as their risk hedging asset for a period of time. Therefore gold price is expected to go...

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Fundamentally, Brexit is still uncertain. This morning there were news about the negotiation does not go well that both EU and UK are preparing for the worst scenario. There is still a high chance of downside risk. On top of that, JPY has been relatively strong, especially the financial market is still in fear recently. Technically, the price has been...