Gold-Tech

Gold-Tech

Gold continues its correction. Statistically, in 92% of cases, the price always returns to a previously broken level to retest it before continuing to move in one direction or the other. In our case, this is the downtrend area that was previously broken Reasons for growth: 1) The Jan. 12 momentum broke the downtrend structure 2) Correction is being formed to...

Gold-Tech

USDJPY may continue its growth on the back of the rise in the dollar index due to fundamental reasons. Technically, the currency pair is forming a bullish trend, it can be understood by the rising lows and highs. The target in our case could be 148.5 Reasons for further upside: 1) Trend breakdown 2) Yen is weaker than the dollar. The pair is rising following...

Gold-Tech

Gold consolidates buyers due to global crisis linked to another armed conflict. The metal is increasingly attracting capital as a hedging asset in times of crisis. I think the outlook for a few weeks is predetermined. We should expect a retest of 2150 in the near future. Reasons for further increases: 1) Armed conflict on the world's main trade artery near...

Gold-Tech

GBPJPY may continue its uptrend after breaking the nearest resistance. The potential is good as the Japanese Yen is losing ground against the fundamentally strong Pound Sterling Reasons for further upside: 1) Breakout of the CHoCH line indicates active buying power 2) PDH retest is forming, breakout and consolidation above 185.66 will give a buy signal 3)...

Gold-Tech

Gold does not update the minimum and maximum, forming consolidation, as the market is now undecided with the further direction. For the whole week, important news is published today, which the market is waiting for. Regarding the consolidation, we have 2 scenarios. Because of the impending news, there are several scenarios: 1) 2040 resistance plays a key...

Gold-Tech

GBPAUD is forging a consolidation as market participants try to decide on the potential. The level of 1.9015 is an important zone for the participants. Overcoming the boundary of the consolidation range will form an entry point for price movement in one or another direction Consolidation can lead to both ups and downs: 1) The market is testing a strong...

Gold-Tech Updated 

USDJPY may start strengthening on the back of a rising dollar after the end of a small correction. All last week the market received strong news for the dollar. At the moment there is a bullish mood in the market Prerequisites for further growth: 1) The dollar is strengthening fundamentally 2) Yen is technically weaker and continues to fall 3) Retest of support...

Gold-Tech Updated 

GBPUSD could continue to strengthen on trend as the market is increasingly expecting a weaker dollar. The price of the currency pair is forming above the support line after a false breakdown, which could potentially form a continuation of the upward trend Prerequisites for further growth: 1) Retest of trend support forms consolidation 2) False breakdown of...

Gold-Tech Updated 

Gold has been losing ground since the opening of the session amid renewed potential tied to the growth of the dollar. NFP on Friday strangely influenced the market, but this week the situation has stabilized and the market determines for itself the further direction. The bears want to reach the area of interest and liquidity located at the bottom Prerequisites...

Gold-Tech

GOLD is forming a bearish market sentiment after the false breakdown of 2047. Apparently, the market is forming a negative fundamental background and is preparing to make new lows. Technically, the bears continue to pressure the gold price and form a strong consolidation below the strong resistance Prerequisites for further decline: 1) NFP may have a negative...

Gold-Tech

EURUSD is testing trend support, a second retest is formed and the chances of breaking this line are increasing. There is news ahead and if the market gets bad news for the euro, the price may break this area and fall to 1.075 on the background of the dollar growth Prerequisites for further declines: 1) The dollar is fundamentally stronger 2) NFP is ahead, which...

Gold-Tech Updated 

Gold is testing resistance before the publication of strong news in the US market. Most likely, based on the analysis of the fundamental outlook, the dollar may get bullish volume and start local strengthening. Gold in this case may lose its positions and after a false breakdown of 2050 or 2058 head downwards, accompanying the current trend direction...

Gold-Tech Updated 

The currency pair is in the bearish trend phase. During the day, the price is consolidating near the support level and is preparing for further decline, as several preconditions point to it: Prerequisites for further decline: 1) Retest of PDL 0.8615 support 2) Strong resistance area. Strong bears in the market 3) EUR looks weaker than GBP on a fundamental...

Gold-Tech

Gold receives fundamental support. And a break of 2050 resistance gives the market technical support. The price forms an impulse and heads towards 2065, which is a primary target, but not the main one. The primary target will be 2075 The nearest resistance may provoke a small correction to local (on M5) support lines before further growth to 2075. Prerequisites...

Gold-Tech

The US market got bad GDP data yesterday. This is well reflected in the euro and pound sterling as the base currencies of the forex market. The growth will continue in the medium term. The price fixing above the area of 1.27 - 1.273 will give a good signal for growth Prerequisites for further growth ↑ 1) bullish trend + favorable fundamentals 2) Breakout of...

Gold-Tech

Gold may be shaken by the news today. As the price can't get out of the flat 2020-2030 for a few days and the market is holding the price back strongly. Consolidation allows to accumulate potential for the market, but it does not mean that a break of one of the boundaries will send the price in the right direction. A false break of the opposite boundary may follow...

Gold-Tech

EURUSD is forming consolidation. In a few hours the US GDP and unemployment claims will be released. Analysts speak in advance about possible weakening of the dollar, in this case the currency pair may strengthen, but most likely it will follow after the retest of the trend support A pullback before growth may follow: 1) resistance retest leads to symmetrical...

Gold-Tech Updated 

Gold may decline a bit by 2030, then by 2015. On the chart we see a sideways range forming. A retest of resistance does not lead to success, but it forms a double top, which is a strong sell pattern relative to the strong level Reasons for further decline ↓ 1) resistance density 2045 - 2050 does not let the price in 2) A rebound and correction to support is...