bitcoin price are up this year gold collapsed two times this year in big way but bitcoin has been very strong if ending diagonal lower trend line breakout then you can say trend has peaked
gold price are coming down from high 2009 price made new low 1931 after fed said we will not hesitate’ to tighten again if needed hawkish fed almost killed gold last week this week cpi will decide major change in gold price falling wedge chart pattern is completed lower trend line tested break above 1971 will confirm trend reversal
after recent fed fomc dollar is down so the gbpsud is up white trend line is big dynamic resistance if breakout then you can expect trend reversal and first horizontal resistance red line at 1.23109
most of the fomc member suddenly turned dovish after bond market selloff since then gold is flying and now rising with at white trendline before fed chair speech today this rising white trendline is a big dynamic support level while resistance is 1980 and no big support before 1908 on hawish fed it can make sharp correction or if fed also turn dovish like...
gold price made triple top at 2080 after may fomc meeting since price are coming down but in July fomc fed forecast two more hike but since that fomc it is sideways now in September fomc fed also has doubt on soft landing and price is making symmetrical triangle correction for breakout 1908 and 1938 are big support and resistance
usd is rising every week inside the parallel channel now testing upper line of the channel trend bullish until lower line of the channel breaks
gold correction was started after 517 strong nfp nice than it is sideways, market was confused between hard landing and soft landing now correction is completed and not much room inside the traingle pattern soon we will see breakout for upside breakout - level 1980 for downside breakout - level 1800 big news this week fed fomc higher for longer bad for...
silver price are down since may fomc now price heading towards a key support level 22.246 you have one trendline, horizontal support and fib zone - total three types of support at the same time
oil price are coming down since biden selling their SPR and price has made new lower low after abcde triangle correction breakout on fear of recession in economic super power usa but new temporary QE has given full fuel to fed pivot if price makes bottom at $65 and break about $93 than it will be stagflation 2.0 low growth and high inflation
euro dollar is coming down since dollar has been strong price is making lower low with lower high a perfect down trend until it ends price action has also made falling wedge chart pattern now testing lower white trendline with hammer candle stick today fed speech big news
first it made rising wedge pattern now it is making triple top trendline it all depends on fed and boj if it breakout to upside then buy retest target 150 or sell third retest of trend near big daily resistance near 145
eurusd is coming down since dollar is strong but it is now again testing a strong trendline if trendline holds again as support than it can make new high or if trend line breaks than after retest big drop is coming
every time usdjpy goes near 145 boj do intervene and this pairs goes down they did this last year , did again in july BoJ do it again or not ? if boj did nothing than this pairs can go upto 150 if BoJ did something than it will go back to 137 but it all depends on news full confusion, two side prediction - best way to stay away beginner trader from forex
on fear of more rate hike after re acceleration of cpi hawkish fed risk is killing investor gold demand once again today traders are waiting for fed fomc minutes price action trader has perfect trend line
gold price are going down since beginning of the month now it has made two channel small once is already breakout now price heading towards boundary of next one
gold price are again sideway between 1980 and 1930 level technically it has made inverted head and shoulders pattern but market moves on fundamentals so it waiting for ISM PMI today than NFP tomorrow 1930 support and 1980 resistance above two news will decide where price will go next if support 1930 breaks than gold is dead if holds than welcome to stagflation
👉gold price made all time high in beginning of last month may 👉since its high in may near 2080 it is constantly coming down because us economic data is beat the expectation of recession. reason why fed forecasting two more hike each week since june fomc 👉if price breaks below yellow line than it will breakdown to 1807 vertically on investor losing hope in gold...
price is sideways and waiting for breakout 👉since market is expecting in soft landing while aggressive rate hike since volcker says hard landing 👉hard landing bearish for oil 👉geo politics and soft landing bullish because of above reason since macro investor are confused hence oil is sideways until we got news to trigger one side sentiment nothing will happen