Gold will continue to range between 1335 to 1305 for the next few weeks before breaking lower to fill in the more orders and shoot up towards 1359/1390 levels. After spiking higher at 1357, gold plotted a minor doji on the daily chart & following the doji, gold declined and hit the support level mentioned […]

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Markets are surrounded by the Risk Sentiment and this sentiment seems to be improved at the start of the day, with a three digit gain on Wall Street and Asian shares trading higher. On the FX bulletin board things were pretty slow at the London opening and most of the Major pairs are hovering near […]

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When the whole world was in favor of the Br-remain, we made a bold prediction that XAU/USD will rise above and GBP/USD is risky for the bulls, this prediction was made on the 22nd of June and published on the same day. The levels to buy was also mentioned as 1253-1243, and someone looking at […]

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The USD and the Yen gained grounds and thus triggered a minor recovery in Sterling, GBP/USD recovered from 1.3109 level after the London bell. Risk sentiment is faded for now but is not completely off the table, and can return at any time. We also have an event that involves the UK PM David Cameron […]

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The major pairs were quite at the London opening although the risk sentiment is still active, while on the other hand the local share markets are slowly emerging out of the red zone. The safe haven currency (dollar) is on the go across the board while the high yielders are yet under pressure. EUR/USD had […]

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Brexit wins as the votes came in favor to leave the European Union. Britain voted 51.9 per cent towards the leave campaign and 48.1 per cent towards the remain campaign. 17,410,742 VOTES came in towards the leave campaign and 16,141,241 VOTES came in for the remain campaign. Though Britain has chosen to exit, it will […]

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The last time we looked at the pair, the price had not completed the bearish correction, but started a retracement around halfway through the correction and bumped towards the upper resistance. Looking at the strength of resistance we have the upper channel line, pivot R2 and the May3rd high, all of which point to a […]

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EUR/AUD is approaching a major trendline after failing at 1.5570. The initial bullish move was so strong that it covered almost 1000 pips in just 2 weeks, where as the bears took 7 weeks to retrace just 70%. This trendline began in the year 2012 and since then it has been holding the price within […]

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EU Referendum: All you need to know What is happening? A referendum is being held on Thursday, 23 June, to decide whether Britain should leave or remain in the European Union. What is a referendum? A referendum is basically a vote in which everyone (or nearly everyone) of voting age can take part, normally giving […]

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