I am looking forward to short the Gold . I am waiting for fundamentals to give me a confirmation . My technical was done on the DXY as this is my reference to trade Gold . Fundamentals will just confirm . NB: IF THE USD IS WEAK AFTER TODAY'S NEWS RELEASE AT 14:30 (SAT), THIS TRADE IS GOING TO BE INVALID .
Hi everyone ! I am seeing a buying opportunity on this currency pair for today . Here are the reasons I will be buying it : - Falling wedge on the 1h time frame (bullish pattern) -Price at support level of the D1 and H4 timeframes -Price is retesting a strong level on the 1h timeframe - I ENTER IF AND ONLY IF FUNDAMENTALS AT 14:30 (SAT) GIVE ME A...
Morning people ! Here I come with an updated version of my analysis on the dollar index . Fundamentals are driving the market , so if they're good we buy USD. If they're not good looking , I will not trade .
I am seeing it go all the way up from the technical side but fundamentals always have the last word . The first reason why I see a buy is the fact price reached a previously tested support and gives us a third touch confirmation as you can see with the rectangle. The second reason I buy id the fact I seer the price has tested the bullish channel's support . I...
This prediction is purely technical , and will definitely be affected by the news related to the US economy . A negative performance for the US in the two coming weeks will confirm the prediction . A positive performance for the US will prove the prediction to be incorrect . The pattern I have used is the rising wedge , which is a confirmation for a bearish setup...