19 years in trading
Tough two weeks for golden bulls as US dollar buyers are serious in the market. That’s why the precious metal has almost licked 1200 today, with low of 1202.75 for now. That level is defended during the european sesion and gold rebounded for more then 120 pips, reaching 1216, where the sellers have took over once again, pushing the price down at 1209.
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The pair is falling for days after US elections and the sellers have reached weekly support level from January 2016 at 1.0650/700. This level could be important for furder move and if buyers fail to hold, 1.0450/500 will be the next target for sellers, the multiyear low and major support for the EUR/USD. As that could be third attack in the
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I am following gold and this move true the ascending triangle and I try to predict what might be the next move here. As it looks like, the buyers are in control in the last four days, but it’s not a rule that the move could be on their side, it could be slide as well if this up trend line will
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For the beginning of this artilce, all I can say is wooow! I warned of the danger before the US presidential elections and I didn’t want anything to analyze, it’s obvious that I was right. The latest moves on gold was brutal for everyone in the market and for all those traders who decided to trade, especially on the election day and this
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The picture speaks a thousand words, right!? Well, this is the best way from me to describe what happend in the market on November 08./09. and how the market reacted on US presidential election results. At first, everybody tought, yes I was right about development if Trump wins, buy gold and Yen, sell stocks, but only a few hours latter,
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Total nonfarm payroll employment in the US increased by 156K in September, less then a upwardly revised 167K in August and bellow the market expectaions of 175K. Prediction and expectations for October are in aprox 175K, on witch numbers the USD could react positive in the market and all the above and near 200K could push the USD strong short
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Americans will vote on 8 November to choose their next president and based on current polls Clinton and Trump are close one another, what causing nervousness in the market and increases the risk. Most of the brokers are aware of the possibility of huge volatility in the coming days and that’s why they are changing the rules of trading lowering the leverage by
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The buyers have almost reached my predicted target in this week, but it seams that the FED’s statement stoped the pair just several pips away from the goal. Sure, daily technical picture shows resistance area exactly at the point of return, at the 1.1120/30 and by looking that, this was a top level for now. Daily MA100 stayed untouched at the 1.1133
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While the USD is on his knees before a decision, is there any possiblity from FED to hike the rates today? Well, the market is not expecting that move for sure, but the FED’s monetary policy statement could be a hint when something like that could happen and is it December a month for that decision!? There is no press conference
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Should I mention that everything exactly happened in this pair as I wrote in my previous EUR/USD analysis from October 21. Well, it did and I know that some of you (Mark) will be pissed off but… 😉 The pair bounced from 1.0850 and the buyers have reached 1.1000 today, the minor resistance, but it should be broken if they want
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