Pashabxl

Pashabxl

here is an updated next level concering gold. Everything is clear. Until FED decide to increase its interest rate gold may face this serious downtrend that may continue until 1080

Pashabxl

GOLD had a double bottom pattern and this pattern has been completed. At the present time, since there is no inlfation risk yet, nor any increase of interest rate at a short term period, and the risk of Greece has been contained, GOLd is going back to its initial trend since 1909.30. The level of gold are still the same; 1140, 1120, 1080; 1060. Bellow 1060 it is...

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Sell in May come back in September. May be the tradition will last. At the present time, since the market made the step forward as expect and bet for an agreement about Greece, there is no more good news but the continuation of the European QE. Since Inflation datas in Eurozone came above the expectation, there are a lot of chance that ECB would keep its agenda...

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The is an interesting and difficultly explanable surge of EUR against USD but the surge of the German bund Yields. Commodities prices have increased as well. although there is a beginning of inflation through ECB's QE, iti is yet not enough. And the increase of the commodities prices is not good for ECB's policy which aim in importing inflation. Therefore, one...

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The pair is is a crossroad. It is either a Double top, and if it is confirmed, the neckline is at 1,3223 the pull back level @ 1,335 and the break down is at 1,125. If not, it is a total reversal on the upside with 1.145 as a headline goal. Although we are in a Friday and I do never try to make any forecast on Friday because of an irrational market, this one...

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Gold came as forseen to the level which is 50% of Fibo Retracement. Now the Situation concerning Greece as well as the equilibrum between EUR and USD is important.

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Since the Tension about Greece has raised again, Gold gained some value and USD loosing ground against EUR gave an impectus to Gold. We have a classical school case on the double bottom. If the pattern is confirmed, the neck line is at 1212, which in a sense may push up XAUUSD towards 1234 and even higher. On a chartist approached and taking Ichimoku into...

Pashabxl

At the present situation, there are a lot of macro economic unknown situation such as the Greek Debt, and therefore it is very difficult to foresee how the market will react. We are in a correction process, but this correction process can go either way. Until 4762, we may consider the situation as a correction. bellow, it may be very much a reversal. At the...

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Well, there are some moment where the initial Ichimoku picture speak by itself, and there are times where you need to dig more and watch carefully before taking the right direction. In the present case, The pattern is between a Dark Cloud Cover and a Bearish Engulfing. Therefore the next candle of the day is very important. On a purely chartist approach, we need...

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FOMC result bellow expectation and the 5 years Bunds that is bellow expectation as well has been used by the market makers as a legitimate opportunity to sell some profit. Hence, ECB's QE is continuing, and the Greek debt is being contained. So at least until the end of May, there it doesn't look as is there was a sign of reversal. I think that sale in may come...

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The market was very interesting this week. It has broken all the chartist preiction. On the one hand, we have FOMC bad result with datas bellow expectation. This was good for USD since USd lost ground against EUR. On the other hand, the risk of seeing FEd rising its interest rate this summer is null and the decision may be postponed to another summer, :-)...

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When EUR is gaining some value, USD is losing it and therefore, XAUUSD's price based on USD is increasing. But this time, this didn't work apprently. Although correlation doesn't imply causation but still interesting to think about it. The second reason to question is the hedging process. But yet, this did not have a direct impact either. Just think

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Well when asked how US can weaker its currency, there was little room a manoeuvre for FEd and except lowering more its interest rate, or buying some EU tresory bonds, there wasn't a lot of possibilities, but to have weak economic datas. Yet FOMC meetings are very important and to see that the forecast didn't meet reality shows that economy is not always as...

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EUR should resume its path on the dowside since the Tension about Greece seems to be postponed, good results are expect in the US Market, and ECB is spreading plenty of EUR in the market with its QE. The third Salvo will spread the market with 60 Bio and US has no more leverage on the short term to play with. Therefore On the upside 1.10 is still the maximum...

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Here is the State of Play concerning Gold. The precious metal is still in a Bear trend, but the cycle is about to end. Yet with the tension on Greece , the precious metal tend to go a little bit on the upside, but there is nothing that make this uptrend sustainable yet. The downtrend continu until 1180, 1160 and even bellow, towards 1140 or 1080. On the...

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Because you keep asking the question, here is the short answer, 1- Fibo Rertracement. 0.764 is at almost 1174. 2-The bottom of the Bollinger band was at 1174 3-And the support level was at 1174 on 4H Chart. 4- And when you draw charts, always look left. Now you know.

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The pair is at war. US is trying to contain the value of USD against EUR otherwise US will loose an importante competitivity. On the Other hand, EUR was loosing ground because of the situation concerning Greece. Since the Tension with Greece appear to be not over but at least in a more relax environment, EUR is gaining power against US However, bare in mind...

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This morning I made an update about XAUUSD. If the Greek debt crises was due to continue, the precious metal would have been on the upside towards 1204 and 1212. And to the contrary with a release of the crises, the precious metal resume its natural path. 1174 was forseen and here we are. With Love