#XAUUSD the drop is accelerating, with the price closing in on the $4100 target.
In my opinion, this will be a pivotal zone for a potential short-term rebound let see
#USDJPY is holding above major 160 level
A BoJ intervention in the FX market seems unlikely ahead of the rate decision scheduled for June 16, consensus is now leaning towards a 1% hike.
In the meantime, I’m keeping an eye on it, even though the pair has been completely untradable for some time now
We are seeing a permanent showdown between carry trade and BoJ intervention making the chart look pretty ugly
Mid-term trend for #gold remains bearish, while long-term trend stays neutral for now, as long as the daily MA200 doesn't flatten out
If the 4250 level breaks, the next potential target is 4100, which price tested back in March.
For now, patience is key
#xauusd
Keltner upper band upside breach followed by a short-term bullish structure failure.
Price action currently filling single prints
Potentiel magnet zone at 99540/99500
High-clarity setup
#eurusd seems to be moving as expected with a slight bullish recovery amid the decline.
No opportunities in sight for now.
Still be careful if you are looking to short for a continuation
Good ni8 everyone :)
Great long entry on #XAUUSD ahead of a potential drop back.
Price is overextended below the lower Bollinger Band.
If the logic of "selling the first rally after a sharp drop" holds true we could set up a great short trade afterward
Let see