$EURUSD: Short-term #Euro should find the support @ 1.0729. It bounce a touching distance of 1.0900 Friday but got dragged back into lows below 1.0800. Support 1.0729 is very important to define further decline or rebound. I am in rebound camp. π€
#EURUSD#ForexMarket
$Gold price pattern consolidation over the last three years favor's completion
Confirmation when we get a monthly close above 2172-2222
There are no absolutes, only odds.
It takes a monthly close below 1902 for me to question the price pattern scenario I'm following.
INDICATORS
MACD=buy/sell signal
RSI=Overbought/Oversold
Bollinger bands=Volatility levels
9Ema=Short Term trend
21Ema=Entry /Exit points
50EMA=Place stoploss
200Ema=Long term trend
Vwap=Intraday Breakout
ADX=Strength of the Trend
Here's my #FOMC scenario for tomorrow's rate decision.
Market is heavily pricing in no change at this meeting (and I think it very likely too), but the forecast for the SEP's rate outlook is heavily skewed dovish...and the $SPX reflects that assumption.
What do you think?
#Gold extending its deep correction below $1980 ahead of the 200-DMA at $1952. Long liquidation from wrong footed spec longs the main driver with no major change in the fundamantal and overall supportive outlook. #CPI and #FOMC will be key to where bullion finish the year
#Gold levels unchanged with initial resistance 2050 and 2066/75 still Critical on a close basis. . .
Support discussed in this week's webinar at 2017/18 - 2004 key.
https://t.co/H69UmP042l
#XAUUSD Daily Chart
"Any trade without my technical analysis is gambling" ----Mark Douglas
1.cup with handle
2.Double bottom
3.Square box
4.High Tight Flag
5.Ascending base&
6.Handles
"Twitter" is a sea of negativity. All I'm reading is how people have been let down by Gold "again".
Price is looking very strong to me. We are still early in this weekly cycle, lots of time for price to break through current soup and make decent ATH's way above Monday's.
$Gold Broke out above 2072 & on a wild ride made it to just under the breakout zone 2172-2222 & reversed & closed back below 2072 and is now inside the Central Banker Zone 2022-2072
Wkly Resist 2072-2082
Pivot 2022-2032
Wkly Supp 1972-1982 & 1989-1995
Want wkly cl ab 2082