Daily chart now looks a bit neutral between buyers and sellers. While the 4-hour chart is slightly bearish. So today buyers need to take prices higher towards 630USD to avoid a deeper correction. At this stage, it's not clear bull or bear yet. ...

Gold Discussion

Trend Overview for XAU/USD 13 Nov, 06 4-hours trend => neutral daily trend => bullish weekly trend => bullish Scope is still for more gains in the days and weeks ahead, perhaps towards 650USD. While pullbacks can stall beneath 620/610USD as dip ...

Gold Discussion

Indeed, technically it had to bounce to the 600-605usd sup, but it only bounced a few. Looks like dip buyers are even closer than 600usd, @620usd. The dollar slide which may extend against most currencies and metals, perhaps we are touch ahead of ...

Gold Discussion

It was indeed reacting to oversold conditions, but we are not overbought too. The candle is bearish today, but bullish stance remains. Let's see what happens tomorrow before acting.

Gold Discussion

I thought it's very risk now to get in short beyond 150.80 breakout. Unless you do very short term trades.

Daily EUR/JPY analysis

I shared it a lot. You are not alone, be happy.. Actually alot of victimes fell for this sharp move against USD. except Money Management that saved traders. And who was expecting a 1.2860 too soon on EURUSD?

euro/usd why

US Dollar has been unable to rally. Bank reserves of European currencies and the theme of "selling dollar on rally" have attempted to kill any dollar rally. China is sure concerned about US Dollar weakness. Ofcourse you would want to hold a currency ...

Chinese reverse diversification

The XAU/USD broke higher instead of bouncing to 600USD support area, right now we touch the upper band of the trading range, made a high of 634.77. And we have little chance of a bounce now I think at least in the immediate future, because the ...

Gold Discussion

Oh wow, thanks for the earlier warning guys, and I think my 2pips were better than .. this, ofcourse

Daily EUR/JPY analysis

The daily candle today is a touch long, lets see.

Gold Discussion

That's risky if you want to hedge in 2 different brokers, simply because the market may move wild in one direction.

Carry trade

XAU/USD..Give your opinion — Hello, Gold traders, what do you think about upcoming Gold move, technically? Please share. I see 2 possibilities and I need your opinions which one is more possible. Actually, I am new to trading Gold, so if ...

Gold Discussion

Thanks for the response. I would like time periods as following 5 Weighted Moving Average 10 Simple Moving Average I would use this crossover on a Daily chart mostly, but If I am able to switch between timeframes thats greater. Anyway, that above ...

I am looking for WMA-SMA crossover indicator

Indeed the lower highs pattern is very clear, and the monthly negative stochastic cross suggest market could be eager to retest 1,2450 pivotal soon, but that just does not have to be today or tomorrow. perhaps a new lower high is in place next to us.

EURUSD

It's nothing but consolidating..and making lower highs same for GBPUSD..early signs of a good reversal? Maybe not...maybe yes..but I am not very comfortable with the closing price.

EURUSD

It's not confirmed here yet, but it might-- charts are choppy and giving mixed trends in each indicator.. For EURUSD, it violated my fib 50 but jumping again..instead of breaking lower. Very choppy until now.

EURUSD

Wow, you want to convince me that If you put indicators at new daily candle for USDSwiss and USDYen yesterday, it was really predictable that they are short? Is that move down was predictable according to their daily charts before this downside?.. I ...

US Elections

Congratulations to you I stopped the trade so early though, fears of a breakout of 150...

Daily EUR/JPY analysis