Forex Trader

…down trendline is holding on the way up and return every bulls attack! If this trendline can’t be broken lover levels are possible here and next bears target could be up trendline at 1183, support level at 1168/73 is next target and stronger support. Daily graph is looking like we have a possible H&S formation with neckline at 1168/73, hm…

Gold opened the week at 1203.48, but slide under 1200 during the European opening sesion with 1190 low, where gold find the buyers, wich has pushed gold back at 1210 at the time of writing. It looks like this could be a fail brake today and 1200 shows as a solid support, like I have writen before in my gold

It looks like 1200/05 provides a sollid support as I mentioned at my previous gold analysis. Yesterday’s growth was suddenly stopped at 1223 and gold was returned down all the way to 1205 again. As we can see today, 1202 push the gold up again to 1215 for now. Daily MA100 as an resistance is placed at 1217, and previous

As I wrote in my Gold analysis from February 12., gold bears reached 1205 target today! Could this level hold? Up trendline from December 01. –> January 02. is here, but gold is not on the way up, and that could be a problem. Support at 1205 could be strong and if the level brakes, lower levels are possible. In that case,

Gold make a new step down, but MA100/H4 at 1218 hold yeterdays fall. Strong jump from this morning was probably reaction on BOJ news and JPY strengt, but the joy on gold was short lived after US dollar was covered more then 61.8 loss at USD/JPY. Gold is looking bearish and it looks like the bears are aiming for 1205 level? If gold

Gold bears finaly manage to brake 1250/55 support at the end of the week. I followed the employment data today and gold start to fall before the news, from 1265 to 1258! But, that’s not news on gold! After US employment data was out, gold tumbled furder down true the 1250/55 support and daily MA200, true the H4/MA200 at 1239 and until

I made this ones at aud/usd and it worked. No kidding! But, I wouldn’t recomend to trade based on this, because there is no ‘owl formation’ in the FX books. Who knows, maybe it’s time to be written about it!? 🙂 Btw. gold is looking very strange in the last couple of days, but it’s not surprising if we take a look

Gold bears finaly manage to brake 1277, support for days and gold declined today by $30. It seams that this is not only the profit taking, or? US dollar strenghtnes is all over the market again and precious metals are strongly down. It will be interesting to see, how will this 1255 level react now and where are the gold

Gold reached 1307.50 high last week after the QE from ECB, but the move wasn’t strong enough to branch that level 1305/07. Weekly MA100 at 1309 remeined untouched. We can see, that Greek elections didn’t impact on gold as well and gold declined today at 1277. Could this move down be the profit taking and could the bulls stop this fall

Yesterday’s mess on the market that was made by the SNB, gold bulls have turned to their advantage and push gold high above DMA 200, with high of the day at 1265. Today, gold trying to consolidate with DMA 200 support at 1255. Can gold still continue to grow toward 1275/80, or will take a rest and gather strength for the next week. Let’s see!?