USD/JPY... Alright, the main Support for this pair seems to be at around 145 and this is the price I will be waiting for and then I'll start loading on longs from there and will add more on pretty much every decent retracement. As of now, I will not ...

USD/JPY Discussion

My understanding is that whatever is happening at the moment, it only has a short-term effect on the price. In a grand scheme of things price goes from one point to the other and until it's journey is completed price will continue to move toward ...

Gold

Well, the price has arrived to the upper end of the Falling Wedge on Weekly Chart. It's getting interesting!

EURUSD only

Finally, one of the targets is hit. Now, we'll see if the price will manage to get above the Resistance and conclude the Falling Wedge Pattern.

EURUSD only

Potentially extreme target for the price of Gold is the somewhere below 2250$ - 2200$ and for the price of Silver around 24.5$. This is the extreme case and very unlikely given the current circumstances.

Gold

It is such a pleasure to watch everything going down once in a while, right?

Gold

Bought some Silver at 28$. There seems to be some kind of Support around 28.2$ on H4 Chart. However, I still remain Bearish on PMs, especially after what we saw just now despite horrendous NFP data.

Gold

We are witnessing a very nice drop at the moment. Let's see if that 2315$ for Gold and 26.65$ for Silver is still in the game...

Gold

July of 2007. JPY pairs topped. July of 2024. JPY pairs topped? August of 2007. PMs bottomed one month before Fed started cutting interest rates. August of 2024. PMs bottomed one month before Fed started cutting interest rates? September of 2007. ...

Gold

I'd also like to add that the reason why I'm following PMs so much is because I want to invest a larger amount of money in them and am waiting for potentially lower prices. Analysis suggests lower prices and I'll stick with it, because investing in ...

Gold

Hey Dubai! Thanks for the comment! I'm not really new... been trading for about 2 and a half years now. Not much at all of course in a grand scheme of things, but I understand one thing or two. Since you have mentioned JPY pairs I have to say I ...

Gold

Hey! 2315$ is actually one the main targets I have in mind for the Gold. The other one is around 2225$, but not as confident about that one as of now. If NFP does impress tomorrow and rate cut for September once again becomes questionable, then ...

Gold

Maybe, maybe not. I am inclined to believe that the rate cut by the Fed will have a significant impact on the markets and that everything will start heading up once the Fed actually starts their cutting cycle. We have to go back into the past for a ...

Gold

Exactly! I agree with that opinion and have already stated in my earlier post that any upside surprise on NFP or CPI will definitely induce doubt on the September rate cut expectation. I'd imagine if NFP comes out strong tomorrow that this 100% ...

Gold

Market is now giving 100% chance of rate cut in September. Some 85% chance for the 25 bps rate cut and 15% for the 50 bps rate cut. Literally, 0% chance that Fed will hold rates steady or hike in September.

Gold

Hey Ata! I actually posted the same Chart as you and only now I realized that. Sorry! It seems to be the Falling Wedge Pattern and the high and the low is very well respected for now. I am also anticipating that the price will drop to around 1.07.

EURUSD only

Greetings! EUR/USD analysis on the Weekly Chart suggests that the low for this pair is perhaps around 1.07. On the other hand, some Resistance could be found at 1.093. So far, the Falling Wedge Pattern continues and the price is respecting both ...

EURUSD only

Hey buddy! Do you have any potential price in mind for Silver if it does drop?

Gold

Fed didn't cut what was expected, however Powell stated that the rate cut in September is basically very much on the table. We have two NFP and two CPI reports until their next meeting in September. So, it does seem that the alternative scenario ...

Gold

Greetings! Since there is no forum specifically for the Silver I will just write about it here until I get the permission to create Silver Only forum. As far as the analysis... Silver according to the analysis should peak today at around 28.70$. ...

Gold