Over 20 years in trading
What a roller coaster on gold! Swiss referendum polls reaction brake the gold down but strong technical support hold that fall, after wich traders decided to ignore the news and push the gold up to the start. But, then came the FOMC minutes, after wich traders decided to brake the gold down again. One more tme, the strong support manage
Read moreThere is no end of surprices on gold. Swiss gold referendum polls showed 38% support and 47% opposed and gold is turning down sharply for 20 $ in a 30 minutes. Stoped for now at support level aprox 1278, but could the support hold this strong attack and ignore the polls results? If support holds, that could be a quick way up
Read moreGold is looking bullish here as I mantioned at my previous gold analyis and still heading up. Steady for now and supported with 50.0 fibo return from the October 21. –> November 07. fall at 1292. On the way up H4/MA200 is holding for now at 1202/04, stronger resistance is at 1208/10. Could gold bulls try to attack that point? 61.8 fibo return
Read moreI wrote yesterday on my EUR/USD analysis that I don’t know where the pair could go from the 1.2445 level, because I didn’t sow stronger support before 1.24, but as you can see on the chart, 1.2445 was the level where euro was find solid support. It’s very hard to trade this pair on those levels between 1.2400/500, because there was several deferent
Read moreAfter the late Friday rally Asian sesion push the EUR/USD higher at the top of 1.2577 and then the pair start to fall continuously down, all the way to the 1.2485, but didn’d find enough strenght to fight back. After Mr.Draghi speach the pair fall furder bellow this support and cover 61.8 fibo return from the Friday/Monday morning rise. Looking now, I can’t find
Read moreAfter amaizing Friday, what do we have on gold today? We can see that, there is no sharp decline back like last week and gold is preaty calm, despite the USD/JPY return. After Asian opening last night, gold was suported at 1182 level, the upper line of the 23.6 fibo return from the July 10. –> November 07. return. but
Read moreLast friday gold was sharply rebounded from the 4 year low level, and if that was ‘sharp’ how can we call this rebound today? Rocketed!? I was pointed earlyer today on my gold analysis that 1147/50 could be a minor support, but that level today has become a ‘lounch ramp’. What now? Gold hit strong weekly resistance with 1180 high of the
Read moreTake a look at montly chart here. USD/JPY is aiming for 100% return of the July 2007. –> August 2011. fall,! The fall started in July 2007. from 123.66. There is several resitances on the smaller charts here, but I can’t see any stronger one before 118. First support is at 114.90/115.00, second the stronger one at 112.40/50. But, is there
Read moreLast friday gold manage to find the current bottom at 1130 and strongly rejected all the way to the 1180, the weekly strong resistnace level and 38.2 fibo return of the October 21. –> November 6. fall. I pointed out that possible scenario in my previous analysis from November 07. After that sharp move gold losing the power and can’t find enough
Read moreCan the 61.8 fibo return stop the pound weakening for a while? This is important technical level for the GBP/USD pair and if this support breaks, pound could continue to fall furder toward 1.5000/1.4800! This is not only 61.8 fibo, this level was previous strong weekly reststnace level from begining of July 2013, just before the July 2013. –> June 2014.
Read moreAs I already wrote on my analysis from November 10., EUR/USD can’t handle 1.25 and there are the same reasons still standing on the way. 23.6% of the fibo return from the October 15. –> November 07. fall, H4 down trendline and 1.25 is some kind of the psychological level for the pair. What can’t go up, must go down and we can expect
Read moreAfter the several interesting days on gold, bears still hold the precious metal in control. Wheter the bulls reach their territory over 1180? Let’s see what could happen first here at 1160 where we have a solid support for now. Up trendline is waiting for possible turn out today, because gold is looking slightly bearish now. If 1160 holds today,
Read moreAfter the ‘surprising’ growth of gold on Friday, USD bulls decided to cool the metal down all the way to 61.8 fibo return of the friday growth. But as I pointed at my analysis from thursday, area around 1180 will be a very strong resistance. Friday $ 46 up, from 1332 to 1178, Monday $ 30 down from 1178 to
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