So our new day has arrived, read along with it and take an entry point buy 2903 SL2894
Gold rose sharply to 2909 in the late trading, breaking through the 2900 mark and closing stable. The daily line rebounded and closed. Gold returned to the long structure channel. After the daily line pulled back to the MA5/7-day moving average, the NY market closing price stood above the 2900 mark again. The moving average still remained open upward, and the price ran along the middle and upper track of the Bollinger Band channel! In the short-term four-hour chart, gold retreated and tested the lower track of the Bollinger Band at 2865/63, forming a V-shaped reversal. With the reversal of the price, the MA10/7-day moving average re-formed a golden cross and the price closed above the middle track of the Bollinger Band at 2897. The RSI indicator retreated to the 50 value of the middle axis and then stabilized and turned upward! The hourly moving average opened upward and the price extended the MA10-day moving average upward. In intraday trading, the main thing is to buy at low prices during callbacks, and secondly, consider selling at high prices! The overall rhythm is to buy at low prices during intraday pullbacks, and then sell after the European and American markets hit the key resistance level or historical high! Last night's CPI data still failed to play a key role in the gold market. Under the premise of a big negative, gold only fell rapidly and then pulled back. The market volatility caused by the data did not continue! Although the CPI data is negative, the price of gold has bottomed out and rebounded by more than 30 US dollars. Bulls still hold on to the key position. On the market, gold looks more like it has rebounded after the last wave of bottoming! In the short term, the bulls are still quite strong! The current price is still above the short-term moving average, and there is no condition for the top. In the short term, gold is just adjusting and has not broken down. It will naturally continue to rise after the adjustment. This clarifies the direction of our future layout. In the later stage, we will continue to buy when the opportunity arises. The lower point is still focused on the 2886 point. There are many false breakthroughs in the market recently. Conservative operation points can be selected near 2880! Key points: First support: 2893, second support: 2886, third support: 2876 First resistance: 2916, second resistance: 2923, third resistance: 2936 Operation ideas: BUY: 2886-2889, SL: 2878, TP: 2910-2920; SELL: 2925-2928, SL: 2937, TP: 2910-2900;
I see dollar index bearish in next 3 month so we can assume and search for buys in following pairs 1. #eurusd 2. #gbpusd 3. #audusd 4. #nzdusd 5. #xauusd 6. #S&P and #NQ
Bias: Bullish USD News: -PPI m/m Analysis: -Huge rejection from low after CPI news released -Looking for liquidity grab & continuation to the upside -Potential BUY if there's confirmation on lower timeframe -Pivot point: 2890 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Here really marks I believe an exceptional opportunity. It is a 1:2700R trade. Will take 5-10 years to play out though - so while this looks like an exceptional risk to reward it is deceiving due to the time value of money. For example 2x 1:1000R trades is far greater for profitability than 1x 1:2700R trade. None the less 2700% return is an exceptional return. Trade rating 9/10 Probability rating: 4/10 chance Risk to reward rating: 10/10
Referring to Daily chart, previous candle formed strong bullish engulfing signaling strong demand for gold. Drop down to H4 chart, there is doji and indecision candlestick followed by strong market move to upside. CPI news bring price down to this level, before fly forming hammer candlestick. Confluence of trend line, signaling further bullish move creating new higher high. (HH).
AUD/JPY is making another attempt to break downtrend resistance dating back to the highs struck in July last year. With momentum indicators such as RSI (14) and MACD turning bullish, this attempt may prove more successful than January’s failed breakout. The intersection of the downtrend with minor horizontal support at 96.80 looms as a key level in assessing near-term setups. Longs could be established above it with a stop-loss order beneath, should the break hold. Targets include 97.78 and 99.10. If the breakout fails, shorts could be considered beneath, with a stop-loss placed above for protection. 95.00—where buyers have been lurking—is one potential target. From a fundamental perspective, keep an eye on movements in US 10-year Treasury yields which have been a key driver not just for USD/JPY but also AUD/JPY recently. Good luck! DS
looking for a long possibly off this area a bit of a far cry but ehh bounce off of daily and 4 hour so might act as a good support i typically like my so short if price continues to rise looking for a drop on high of the resistance bar a a little over so 1927-35 for the sell will be waiting and watching
As long as ETH Classic remains about 15.737, this EW count is valid. I'm expecting explosive price action to the upside in the next couple of months. The initial long-term target is at 197, giving us a potential gain of +800%. Let me know what you think. Good luck.
Gold prices consolidated below $2,900 on Wednesday and now appear to have halted an overnight pullback from an all-time high. Concerns about global trade wars and geopolitical risks continue to underpin safe-haven bullion amid a weaker US dollar. Gold is still moving within the range of more than 100 prices and is gradually narrowing the gap. According to the H1 frame, there will be areas to pay attention to when trading CPI today as follows: Today, we are waiting for these two areas to break: - Break 2910, the following areas are heading towards 2942 2960 according to the highest peak and fibo - Break 2882, the following areas are heading towards 2865 and 2933 according to the old support levels Watch for SELL GOLD: 2958 - 2960 SL: 2965 TP1: 2945 TP2: 2925 Watch for BUY GOLD: 2833 - 2831 SL: 2828 TP1: 2838 TP2: 2863 Stick to the strategy. Set TP and SL to keep your trading and account safe! #gold #forex