XAGUSD has been under broad consolidation for several days now. However, from a wider perspective of D1, it can be seen that we are getting closer to the solution. There are two possible scenarios, if the price moves in one direction, we should consider the following.Continue Reading
GOLD sticks to the plan all the time, additional confirmation may be the expected US dollar data, which are better than previous readings, which may drive gold decline. Unfortunately, there are two scenarios to take in the current situation because the previous moves lacked a clear direction. As you canContinue Reading
I have been running a magazine on financial markets for 2 weeks. Gold, after realizing the downside scenario, broke the support, made the assumed retest and deepened the low. Currently, we expect further declines which in an indefinite period of time (even 2 weeks) may reach the level of 1670.xxContinue Reading
Gold is currently in the correction phase after breaking the resistance and has already reacted to the support zone. However, from our side we are currently waiting for the situation to develop, because we are more focused on further declines than the breakout of the channel, hence this instrument willContinue Reading
For gold, the resistance turned out to be not too strong. The rebound from the resistance reached 150 pips and the price broke through the level, turning the resistance into a classic support. This is how we currently consider the current rate, and considering the level that is currently possible,Continue Reading
Monday mornings usually do not offer too great opportunities for “clean” entrances. Below are some images of what is. Designated levels, zones, ranges. EURUSD D1 GBPUSD GBPUSD update. The pound has a strong correction pressure. The image shows the support zone on fibo 50. DAX D1 XBRUSD XAUUSD The earlierContinue Reading
