DragonCaptain

DragonCaptain

It will be going straight down from the current position. Goodluck Join us at Telegram t.me @TradeCaptain

DragonCaptain

During the last week we have seen bearish engulfing bars do absolutely nothing to pull the price down. I guess its time for USDJPY to move on top and these intersecting channel resistance lines soon based on price action. More events are coming next week and it seems JPY would be weak for this week.

DragonCaptain

Soar political condition in UK will pullback pond from monthly highs to lower ends.

DragonCaptain

Bold yield inverts further and takes the same position of 2007. A strong bullish trend will sour with this point.

DragonCaptain

Sideway moments are creating a bearish scenario. Trade as per chart points.

DragonCaptain

Chinese top-level talks are not in the process which was claimed by trump. Doubts are in the market regarding any deal.

DragonCaptain Updated 

There is a lot of confusion in US and China governments as both of them announced tariffs to escalate trade war further. Bonds and Stocks are short indicating Gold strong position.

DragonCaptain

Check the chart to understand the strategy.

DragonCaptain

A weak USD is allowing to form a strong short pattern. Take massive profits out of the trade.

DragonCaptain

The aggressive bearish pattern is building up as per our strategy system. Check the graph for Tp and SL points.

DragonCaptain

Gold rallied to 1528 and USD dropped 1% as China has announced 75 Bn USD tariffs on US imports. Trumps next move will be important in the result of China's action which will further tense the markets to push it further high of 1542 level.

DragonCaptain

If Jackson Hole meeting eas interest rate Gold will take long position.

DragonCaptain

Gold has reached support level. will jump upward from here.

DragonCaptain

Gold is feeling selling pressure. falling back to resistance at 46 RSI. expecting to fall 1492. following Fibonacci pattern. Constantly hitting RSI 46 resistance level and falling back.

DragonCaptain

Good Luck.

DragonCaptain

Key factors behind JPY draw down was FED, US Trade war. Now trade war with South Korea is is a positive factor. US economics data is also in focus here.

DragonCaptain

Gold is outperforming Stocks and we can expect Gold to cross 1600 limit in coming months.

DragonCaptain

Gold was down about 50 pips yesterday now it has reached to 1520 level due to inverted yields of bonds in US markets. Now it has reached the point to turn back. Sell 1520 Tp 1480