Gold- A nice start of the week for bulls (at least so far) In my Friday comment, I wrote that, after such an impressive upmove, there is a pretty good chance of a correction, indicating 1975 as the confluence support …
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Gold is preparing for a break In my yesterday’s comment I said that, as long as XauUsd’s price stays above the 1950 zone, the outlook is strongly bullish.Indeed, dips were bought during the day, and after an intraday low at …
GbpCad- Correction seems over. 1.6 next? A few days back I drew attention to the possibility of reversal for GbpAud from the strong level of resistance.After a hanging man on Friday and a strong red day yesterday, the pair looks …
AudJpy- Where to sell for 1:3 R:R Yesterday, like all the Jpy pairs, AudJpy was also affected by the verbal intervention from BoJ.The pair dropped quickly 200 pips, but more importantly, it broke under important confluence support at 95.This level …
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Gold- 500 pips target hit! Now what? As you know, I was bearish Gold since Tuesday and argued that, if XauUsd breaks under 1915 zone support, we could assist a 500 pips drop.The “major target for bears” was hit yesterday …
Gold in turbulent times- Analyzing the recent Price Action On Monday I wrote that Gold is at an important crossroads and clarification of direction could lead to a 500 pips move.Indeed, as the price developed, it was clear that bears …
Gold’s Descent: Breaking support and looking ahead Yesterday was not a bad day for Gold bears, with the price dropping around 150 pips, but more importantly, breaking under important confluence support around 1915.As explained in yesterday’s post, this was the …
WTI- The ideal price to buy for 100 target The month of September came with a very important break for WTI Oil, the rise above 85 figure, a price that kept WTI in a range since December last year.As was …