Gold has briefly crossed our second target at 1313 and descended to 1308 close to our first target at 1303 and has retraced back to 1316 level. It is currently trading at 1312 and is trading within the wedge in the 1 hour chart, price action remains sloppy and we will need to see the […]

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We have successfully enchased our trade on the final target as mentioned in our yesterday’s Newsletter. USD/JPY moved to the 50% fib at 103.222 and is currently being resisted at this level. Considering the recent strength in Dollar Yen, price may break this resistance level and advance towards the 38.2% fib at 104.154 which is […]

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USD has been boosted for the week following the weekly close which surpassed all odds and reached the 50% fib at 101.85 in a single candle. Following the strength on Friday, the price consolidated yesterday which could only mean a dry volume and has been picking up since the start of today. USD/JPY is targeting […]

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Friday was an immense day when EUR/USD moved 150 pips as a whole and closed lower. Price is below the 38.2% fib and is pointing towards the 200 DMA at 1.1109 close to 75 pips on the daily chart. Looking at the price action and the momentum indicators we can say with confidence that EUR/USD […]

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Gold hit our 3rd profit level at 1313 as mentioned in our previous letter and the current RSI is resting on the rising trend line while stochastic is below 20 that is analysed statistically but may not be predicted precisely. Price kissed the 50 and 20 DMA and descended towards 1313 with a bearish spike […]

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Price across the board has been stagnant today with rising tensions on the Yellen’s speech. Gold is trading higher than open and will continue to hold its direction until the Feb’s speech is over. Any hawkish statements will be a negative impact on Gold and will quickly swift towards 1313 and 1303, Gold may advance […]

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Market volumes have been thin this week as players await a date for the next rate hike by Fed. The weekly data has barely impacted the FX world, but has shown minor strength in the US and that brings hope to the traders that the rate hike may still be on the table. The second […]

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Pound Dollar is half way through to the target as mentioned in our last weeks newsletter. Price will be limited by the upper wedge or the 1.3322 resistance area, but today’s candle appears to be doji right smack on the June 24th Lows. If this turns out to be true then Pound will reverse from […]

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Gold has stepped down below the 50 DMA after being resisted by the 20 MA. 1357 was one of the major resistance which restricted Gold from advancing further. Price is currently trading within a minor descending channel but is limited by the 50 DMA. By the looks of the price action, Gold may descend further […]

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Gold hit the first target (1328/50 MA) as mentioned in our previous newsletters and is currently trading below the 20 and above the 50 MA. Yesterday’s candle appears to be a minor reversal doji and buyers have paced long orders at the current level. Even though the current level is good to place longs, we […]

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