Today we take a look at XAUUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDJPY crowned by 200-MA; price… October 5, 2020 USDJPY is struggling to […]

AUDUSD broke out of ascending trendline support (now resistance) to the downside before coming back to retest the trendline and 61.8% Fibonacci retracement at 1st resistance 0.72093. A drop towards 1st support at 0.71311 is expected. Stochastics is testing resistance where price reacted in the past as well. Trading Recommendation Entry: 0.72093 Reason for Entry: […]

AUDJPY is reversing from 1st resistance where the horizontal swing high ,78.6% fib retracement and 78.6% fib extension are. Stochastics also show that price is reaching resistance. Trading Recommendation Entry: 75.867 Reason for Entry: horizontal swing high ,78% fib retracement and 78.6% fib extension Take Profit: 75.296 Reason for Take Profit: 61.8% fib retracement Stop […]

Price is testing our first resistance, in line with our descending trend line, 78.6% fibonacci retracement and 78.6% fibonacci extension where we could see a reversal below this level. Trading Recommendation Entry: 105.649 Reason for Entry: descending trend line, 78.6% fibonacci retracement and 78.6% fibonacci extension Take Profit: 104.955 Reason for Take Profit: 50% fibonacci […]

Trading floors in Russia declined on Friday amid news that US President Donald Trump tested positive for COVID-19. In such a situation, the greenback can rejoice with might and main, because the markets of developing countries, including Russia, are suffering significant losses. And here’s a good example: the Moscow Exchange index fell 1.29% on Friday, […]

Canarc Resources is rebirthing its company, doing financing, and will consolidate its shares at 5:1. Top high-grade gold projects with a fast track into production at New Polaris and high-grade gold resources. The stock is cheap, Jochen Staiger, CEO & Founder, Swiss Resource Capital AG. Invest Your funds in financial instruments (CFD’s) on gold, silver, […]

Last week, gold plummeted nearly 5%, having posted the steepest fall over the recent 6 months. Remarkably, the drop occurred amid the decline of the US stock indexes, which seems strange. Indeed, gold has been viewed as a traditional safe haven asset that tends to gain ground on the back of waning demand for riskier […]

We have consistently put forward proposals on fisheries and subsidies that we feel are straightforward If there is to be a deal, it has to come together in mid-October There is the ability to have informal talks right up until the European Council As I discussed in the previous review, the Gold is still in […]

Market participants are mainly focused on the US presidential elections. Despite gloomy forecasts, the US dollar is still climbing. Although the US epidemiological situation is getting worse and prevents the greenback from gaining in value, the currency has kept its dominance. Moreover, forecasts have become more positive. Gold and foreign exchange reserves of central banks, […]

The expansion of the fiscal stimulus by the British Treasury and the hope of an agreement between London and Brussels on a falling flag allowed the “bulls” on GBP/USD to go on the counterattack. The pair reached the target set in the previous article at 1.27, after which the initiative passed to buyers. Their actions […]

WeChat, a popular Chinese-owned messaging service, has been labeled a threat to national security, placing it under a list of apps to be banned in the United States. However, WeChat is a large platform for communication, one service of which is helping people keep in touch with each other from as far as China to […]

XAU/USD is trading back below $1,862 static support signaling further drop. It has moved sideways in the short term but only to capture more bearish energy before moving down. It’s trading in the red as the greenback tries to extend its appreciation versus its rivals. Technically, the gold price is expected to drop towards fresh […]

Gold and Silver Bubble Territory? Absolutely not! A look back into the 1970s might help for the 2020s… History tells us from the ´70s what might come up in the short term future in precious metals markets, Prof. Dr. Torsten Dennin, Head Portfolio Management, Asset Management Switzerland AG, Zurich. Invest Your funds in financial instruments […]

Gold price is at its weekly lows and price has now formed a bearish channel. Price remains in a bearish trend making lower lows and lower highs. Gold price target is below $1,850 towards $1,800. Pink line – broken triangle pattern Blue lines – bearish channel Red lines -expected size of downward move Gold price […]

Gold has rebounded due to the USD’s retreat but this could be only a temporary rebound before dropping deeper. Technically, the rebound could be natural after the last massive drop. The rate could come back to test and retest the broken levels before reaching new lows. Gold has recovered a little as the US Unemployment […]

The Spanish government recommends Madrid to extend lockdown restrictions to all parts of the region Madrid just announced that they are raising the number of areas under lock down to 45 from 37 moments ago, adding that about 1 million people in the region are reported to be in lockdown based on the latest restrictions. […]

The USD index is trading near a two-month peak today, which was reached yesterday in the area of 94.6 points. As we can see, the dollar is close to showing the best weekly performance in almost six months. James Bullard, the head of the Federal Reserve Bank of St. Louis, said that the US economy […]

Canadian investor and billionaire Frank Giustra refuses to keep his savings in US dollars. He believes it is unsafe. Many traders no longer buy US government bonds. Moreover, the unprecedented printing of unsecured money will continue. Therefore, the US dollar will continue to depreciate. The expert believes that the situation in the markets is extremely […]

EUR / USD The euro marked a new daily low yesterday, but we can say that there has been a slowdown at the end of the day, and now it is possible to develop an upward correction. Currently, the main pivot points for the bulls can be noted in the areas of 1.1740-64 (daily Tenkan […]

Gold is trading at $1,857 level, far below the $1,880 former low, static support showing a downside perspective. You can notice that the price is moving down inside a down channel, technically, the major downside target remains at the downside line of the descending channel. As you already know from my previous analyses, Gold is […]

Coincidentally, the euro is slightly softer at the same time the data is released but I don’t see this as being much of a material factor. Excess liquidity is still plentiful in the euro area after the measures over the last few months. As I discussed in the previous review, the EUR managed to trade […]

As the economy reopens, it is fundamentally wrong to keep furlough scheme I cannot save every business, every job We need to allow the economy to move forward Announces new jobs support scheme Government will directly support wages of people in work This will help companies employ people on shorter hours, instead of laying them […]

EUR / USD The bears have broken through the support level of 1.1740, which has been holding back their plans for a long time, and are now using this chance to continue its decline. The levels passed earlier form a resistance zone for a retest or an upward correction – 1.1740 (monthly Senkou Span A) […]

Economists, especially those in Europe, believe that another pandemic wave is coming, and that it will positively affect gold in the markets. Re-imposing quarantine will lead in a strong gold rally, however, for that, the measures should also extend in the United States, as a restriction only from Europe could strengthen the dollar against the […]

The wave pattern of the EUR/USD pair has remained unchanged in recent days, which signals that the upward part of the trend is already completed. Thus, wave 4 or the first wave of a new downward trend section should begin to form sooner or later, or maybe it has already started forming in the chart. […]