Bulls are out of gas even though they managed to get above the 50 DMA. Price is limited by the upper descending channel that is holding the price since the 11th of July. Looking at the candle stick patterns across time frames we still see a lot of possibilities for Gold to decline below 1300’s. […]

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Price picked up on the AUD/USD and managed to close above the cloud. The present day candle is posing to be a losing one, but if we look at the weekly candle we have a strong growth in there. We still have room for improvement until the price reaches the upper trend line which is […]

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After breaching the lower wedge line, Gold found support on the 100 DMA and capitalized on yesterday’s Fed’s meeting to advance towards 1335,. This level was mentioned in our yesterday’s newsletter that a reversal could possibly seen towards 1335. The price is currently trading above the 50 DMA and is aiming at 1350 area, if […]

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EUR/USD managed to break above the 38.2% fib placed at 1.1197 and is currently 54 pips positive from open. The pair will have a daily close above this 38.2% fib suggesting further gains in the coming days. Even though the price action points towards a bullish move, yet the pair is limited by the upper […]

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Dollar Yen broke below the minor ascending trend line and went close to our target area at 99.93. US Dollar is down across the board as the Federal reserve decided to hold the interest rates at 0.50% even though they signaled a rate hike by December. The immediate support is at 100 followed by 99.93 […]

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Gold is trading between the two moving averages 100 & 21, price action remains bearish while the momentum indicators have turned neutral from being bearish. The buzz in the market is “Will Gold retrace back to the upper wedge line at 1352 ?” Well looking at the current scenario it is possible to say that […]

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Dollar was in control of the major currencies yesterday but has lost its strength and grounds as we approach the Fed Meeting minutes today. Investors are expecting for a bullish tone from the Fed’s today and are geared up for volatility, on the other hand, sentiment is pointing towards a situation in which the Fed’s […]

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While USD/JPY continues to hold above the minor ascending trend line, yet the U.S. Census data shows the middle class and low workers have bagged in a large share of national income leading to a rise in income gains. The economy does not see any international risks and the inflation may even be picking up. […]

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AUD/USD continues to gain strength after declining towards the lower channel and the 50% fib drawn from 0.7176 to 0.76893. The pair had a series of long losing days and finally made a turn on the 14th of this month and has gained 100 pips since then. AUD/USD is trading within the cloud and traders […]

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We have once again hit our final target on Gold. Price came has close to 1303 but took support of the 100 DMA and bounced off this level. Nevertheless we had mentioned that 100 DMA is also a point of target and must be in our watch list. Our hedged order missed the take profit […]

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