Instructions on the chart. Play safe. We are also monitoring UJ Daily behaviour. Weekly close indicates heavy bear ahead... Key areas to watch - DMA20 (1214s/1217s). GL!
Instructions on the chart. Pay attention to Gold's PA also... Look out at DMA100 (110.6s) GL!
Instructions on the chart. long from 1184s SL at BE. If 1206s break above this plan will be considered invalid. Be careful and GL! Volatile week ahead...plus Month-end candle!
Instructions on the chart. A lot of uncertainty still exists within first 100 days of the new President. We are buying dips in Gold. Trade Smart. GL!
Smaller TF Trade Plan. Instructions on the chart. Good luck! **We are still buying dips :)
Instructions on the chart. Keep an eye on Daily chart! GL and Many Pips
DXY speculation. We expect history to repeat as last rate hike. Watch Dot Plot carefully.
Pure speculation guys...Let's see how accurate it will turn out... :o
See instructions on the chart. Ask questions if you like. GL! MA20 currently at 1202s (Monthly) + 50% Fibo.
We strongly believe that TA does not have weight on a non-technical market, we experienced this yesterday as Gold dropped over $50 and nobody knew why, despite what they say publicly :) However, we can't ignore TA completely, that wouldn't be smart. Our chart illustrates weekly and monthly fibo targeted support levels. If Gold breaks weekly 62.8% support level...
Follow the Moving Average. Price always comes back to MA + interesting support levels. Be cautious if 1300s/1260s Broken. This is not a trade chart. Observe price behaviour. IMO Fundamentals stronger than Technicals during "uncertain" times. Disclaimer: Even though we hold a few short positions, overall we maintain a bullish bias at key support levels.
Is Deutche Bank going to activate a shortage of USD or not...let's observe! Take advantage of currency wars! ;)
Predictions 'explained' on the chart. Play accordingly. Play safe! Patience.
Pay close attention to historic price action with MA20 (Blue) on the Monthly chart. Now decide whether you should be a Bear or Bull. :) Fundamental analysis supersedes technical during "Global concerns". IMO. Trade Safe. Trade Your Plan.
Good luck! Play safe. Play according to your plan. We will update when enter into a trade. *JPY quotes are approximate.