Forex Trader

We could say, finaly the Brexit fear is erased, right!? The sellers have continue with strong pressure today after huge fall on Tuesday and they have reached 1250/53 support level, which could hold them for a while, or!? Gold also broke the daily MA200, but what to say about that. In this week, the sellers have broke everything what was on

Gold sellers have smashed the preciuos metal today, which is fell today for 380 pips for now (must bold this). Gold opened the day at the price 1312 and low for now is 1274. What a free fall true the several support areas and with no bounce at all. I wrote in my previous gold article in between the comments at first how

The sellers are strong after they have touched daily MA100 yesterday and broke the psihical 1300 support today. The selling pressure continued and they have reached 1292.42 low for now, but the bearish momentum is still strong. As you can see, at first they have broke the support trend line and daily MA100, 1300 latter on and another support trendline.

The precious metal has stuck after Brexit in between 1300 and 1375 for two months, with formed descending triangle and down trend line as strong resistance on the way up and with 1300/10 as a strong support on the way down. Possible break on the way up could be short term successful, as we have strong resistance at 1352/57, but

Starting last week and continued in this one, there was a several FED members who talked about the hike possibility on September 21. and this is why the precious metal is falling for the last four trading days. As I pointed in my previous gold analysis, daily down trend line stoped the bulls and my view was that gold will stay

Gold bulls pushed the precious metal price strongly up yesterday on weak ISM and reached daily down trend line and resistance level at 1353/58. Are they preparing ‘the field’ for September 21. and for the FED’s interest rate decision with stay on hold? They could be and this is the possible range in the next 11 days and the possible move on decision.

In my previous two analysis I have pointed at the 1300/05 as strong support and posible turnover point and as the sellers have failed to reach daily MA100 on September 01., the bulls have take over the precious metal. In the last two days, the resistance level on 1328/32, in wich I have pointed in my previous analysis, hold the

In my last gold analysis from August 24. I have pointed at 1300/05 as a potential target for sellers and they have reach that yesterday. As you can see, they are trying to go even lower and what they want now is the daily MA100 level at 1296. This level at 1300/05 is good and some kind of psihological support and

Gold sellers pushed the precious metal true the ‘August support’ at 1330 and they have reached 1324.84 low for now. Is this break? Depens on wich level gold will close the day and that’s why I have wrote fall, not break. Looks bearish after breaking of the H4 simetrical triangle two days ago on wich I was pointed here in my gold

Gold traders are relentless in August with sharp and quick turnovers, but when you see my analysis on H4 chart, you can see how they are moving the price precisely in between the simetrical triangle and SR levels. On the down side, up trend line is the place for the buyers and on the uper side, strong resistance at 1357 and down

The precious metal is extremely bullish for days, but the buyers can’t brake the resistance trend line at 1370/75 for now. That’s why I see the possibility of the H&S formation at the H4 chart. Of course, this descending triangle is important for furder developments and it could reverse the gold up again if the same will be broken!? It’s not easy