Over 20 years in trading
After I was made my previous analysis on gold and sow what could happen here today, I decided to trade my favorite precious metal, but after the NFP data. I waited for data to come out and let the market setlle down for a 15 minutes, when I decided to open my long position at 1149. I protect my long
Read moreGlobal warming is melting even gold? 🙂 Of course not, but gold melts furder and today has find a new 4 years low at 1130. It looks like the gold was oversold in the last period and that the bulls decided to buy this precious metal at multi year low level all the way back to the 1245. Could this 1130
Read moreECB leaves key rates unchanged, main at 0,05%, depo at -0,2% and marginal at 0,3%, but then comes dovish Mr. Draghi at the press conference and brake euro down. He said, ECB unanimous in commitment to act again if needed. No shit!? 🙂 EUR/USD brake previous two year low at 1.2440/50 and stoped at 1.2395, in thoose moments try to recover
Read more130 pips down, 130 pips up! The rason for the way down? GB Markit Services PMI!? The rason for the way back up? US ADP Employment Change!? Probably, but GBP bulls show us one more time that 1.5870/80 is their territoy and that was the level where bears broke their teeth today. Previous support at 1.5950 in those move didn’t
Read moreFew hours before European PMI data EUR/USD start to fall and after data just confirm one more bearish day. For now, supported at previous bulls level from November 03. at 1.2470/80 manage to recover few just few pips up. Stronger, if we can call that on this pair, support lies at two year low 1.2440/50. Could this triangle be the
Read moreThis is not strange, I was patient and wait for a several hours to move my SL on the BE, but Mr. Makrket decided to go back one more time and collect my SL before fly and touch the sky. 🙂 This was probably my mistake, because 1.2500 level was well supported and my tight SL was protected with very
Read moreSharp decline on gold started from 1255 didn’t stop and gold didn’t manage to rebound at all, but for now hold the defense line at 1160. Weak JPY and strong USD are pushing gold continuously down at it seems that gold could try to test that 1160 support again!? Could it brake and continue to fall furder toward 1130 where I
Read moreAfter FEDs decision to end its QE3, BOJ last night shocked traders by increasing its already-massive Quantitative Easing program by another 30 trillion yen per year. USD/JPY fly today like a rocket and looks like there is no end!? I can’t remember such a daily gain on the USD/JPY of more then 300 pips. Who can stop this pair and where? 112.50
Read more🙂 Funny or not, we have a clear H&S at gold, H4 graph!
Read moreI was pointed at my gold analysis yesterday this 1200/05 support and the bulls are holding that level today, but if that brakes 1180 will be in danger 4th time. Could that level hold one more time or this will be the final attack it would be interesting to see. Most of the major banks are predicting gold bellow 1180
Read moreMost of the bank economists are expecting from FED to end its bond buying program today, or to end QE3. That’s what the market is expecting as well, but there is question about short term Interest Rates and for how long they will keep it near zero? They like to say that they will keep it near zero for a ‘considerable
Read moreTo taper or not to taper? FED’s decision is the main event today and what if they don’t taper all the expectetd 15B usd? This is how gold looks today and what are the technical support/resistance levels. For the third day in a row gold is supported at 1225/30 and what could happen today after FED’s decision. On my oppinion, 15B
Read moreAfter US durable goods Sept. weaker data -1,3% vs +0,5% exp. EUR/USD rise 50 pips, hit MA200 H4 and aproaching down trendline at 1.2775. If the pair manage to brake that line next stronger resistance is waiting at 1.2840/50. That level is 23.6 fibo retracement from EUR/USD May/September fall, allready reject the pair at October 15.
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