Posts

Chart of the Day – EURUSD- (June 27th 2019)

The EURUSD is quietly consolidating above the 200dma as price action continues to compress into a pennant.

Chart of the Day – EURUSD- (June 24th 2019)

The EURUSD has closed above the 200dma and also the 35% Fibonacci retracement of the Sept 2018 highs to April 2019 lows.

Gold is breaking out

Gold breaks higher after 6 years of consolidation

Gold finally broke out higher from multi-year resistance, and that has certainly caught the market’s attention. Attempts have been made to explain this move, but what are really the factors that move Gold – both in the short term as well as the long term?

Chart of the Day – USDJPY- (June 20th 2019)

The USDJPY broke down under pressure with yields falling and gold rallying, the natural path of least resistance for the pair was lower.

Chart of the Day – GOLD XAUUSD- (June 19th 2019)

Gold squeezed shorts post FOMC decision today into the pit close, leaving the instrument at key resistance at the 1360 level.