Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Gold: trade the sideways move
2021-01-15 • Updated
Gold gives a perfect example of sideways movement. Throughout the entire week, it's been fluctuatin between 1 837 and 1 864. Curently, the trajectory is pointign upwards. Therefore, once it comes to 1 864 - and it will, eventually, as the fundamentals wlil unlikely keep the gold price down for long - watch for the trend reversal signs. If there are none, assume that the resistance of 1 864 is about to be broken. Otherwise, 1 837 is the support to watch. If it is penetrated, the lower one is at 1 817.
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Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...