DragonCaptain

DragonCaptain

A hawkish fed statement and strong Q4 GDP have shattered the Gold intentions to move higher. Trend channel support has been broken down. The level to watch are 1782 and 1764 on the downside.

DragonCaptain Updated 

USDJPY is currently trading just above 113.15 which in my opinion is a good support to look at right now... IF 113.15 holds then I am expecting buying for target of 114.30 and 115.00 respectively... AND if 113.15 breaks then we might see more downside pressure for targets of 111.50 and 110.70 respectively...

DragonCaptain Updated 

A break above 1850 will add more pressure to buying side towards 1875-77 region if 1850 hold then we will see a downside movement

DragonCaptain

Gold fall after hawkish Fed minutes, $1,795 holds the key on the downside. DXY remains firm amid omicron concerns.

DragonCaptain

Gold still above support level and it looks potential long. GoodLuck

DragonCaptain

GBPUSD has potential trade areas are highlighted on the chart. Good luck with your trades.

DragonCaptain

The cable has traded in a range, unable to break above 1.4000 level to hit 1.4200 at the top. Ascending support line is holding the bulls strongly.

DragonCaptain

GOLD has formed a bullish trade channel in a pullback on higher time frames. 1780 is in view in the next bullish string.

DragonCaptain

Price is approaching support where we could see a bounce above this level. Price action is showing signs of bullish pressure as well in line with our bullish bias.

DragonCaptain

GBPUSD has pulled back against the USD but remains very much in control. The key level to break at 1.3800 to proceed further downside. Choppy pattern expected coming week.

DragonCaptain

GOLD has moved dramatically against the all-odd, ignoring the good economic data or accepting yield pressure. 1750 is the limit to cross for bulls and bears to hold the nerves below 1700. So in between these areas, a lot of noise will remain dominant.

DragonCaptain

GOLD is falling back against the rising yield. A short opportunity here will give a great opportunity to hit 1880 again.

DragonCaptain

Another trading opportunity for Gold.

DragonCaptain

GOLD bears are in very much control but they meet multiple support zone, weekly EMA support, trendline support, and bulls breakout level. A side-bound movement is seen before Gold will further decide its direction.

DragonCaptain

Gold has fallen to the level it had had broke out. Tumbled by the Vaccine approach to the market. Blended by rising bond yield and economic recovery. So it will in hands of bulls or bears, we will see on deciding point.

DragonCaptain

Gold has broken below the 1700 key level after forming resistance at 1736 and 1722. Wait for a retracement to enter again a short trade at 1710 when it pullback.

DragonCaptain

The Gold has completed its retracement phase and ready to fall below the 1700 level for a heavy sell in the 1600 zone. The next target is 1680 in the near-term where it will decide the long-term direction.

DragonCaptain

GOLD retraced back to 1760 level but shorty drops back to where it started clearly depicting its fall towards 1700 as yield is closing to 2.0 level.