Gold: short-term trade ideas
Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
USD/ZAR: correction has started
Information is not investment advice
It looks like USD/ZAR has overdone its increase in the short-term. The currency pair formed a bearish candlestick with a long upper wick on D1. It tested levels beyond the third weekly pivot resistance level but failed to stay there. As a result, we see a pullback to the downside. The first target for the decline is at 14.5215. The buying interest may re-emerge in this area.
Notice that South African President Cyril Ramaphosa announced the composition of his cabinet. This helped to calm down the nerves of investors worried because of the political delay. Notice that concerns about the US-China trade war will still hurt the market’s sentiment, so be reasonable with your sell targets.
Elizabeth Belugina
Similar
AUD/USD is looking badly
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
Popular
USDJPY: dips to test 100 hour Moving average before FOMC
Fibonacci Levels XAU/USD: Gold facing a further consolidation above 23…
Gold: short-term trade ideas
Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
EUR/GBP : vulnerable for further downside
Ichimoku Kinko Hyo CAD/JPY: The pair is trading below the cloud…
Choose your payment system
