$GOLD update: 3790 → 3754 pullback ✅ Still bullish, struggle at 3783 could mean more downside to 3737. Key level: 3714 trendline if we get there. Strategy unchanged: buy every dip 🚀 #gold#trading#forex
🥇 GOLD: New highs 3790 → profit taking to 3754 as expected. Still bullish, buying dips. Watch 3783 resistance. More downside possible to 3754/3737. If 3737 breaks, expect 3714 trendline test before bounce #gold#forex#trading
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🎯 $USDJPY: 260-pip range between 148.812-146.188. Bearish bias but trading bounces. Catalysts: Fed speeches, Japan CPI, politics. Sells from 146.188 (270 pips) or buys from 148.578 (340 pips) #forex#JPY#trading
🥇 GOLD UPDATE: Fed rate cut = weaker $ = bullish gold. Watch inflation data & Fed speeches this week. Overbought after +650 pips but dips will be bought. Levels: Buy 3754+ or pullbacks at 3737/3698 #forex#gold#trading
#XAUUSD gave us 300 pips Friday. Looking at how it closed no new trade ideas. Could potentially buy from 3687 if price action still holds bullish otherwise waiting to see how price reacts at ATHs
#XAUUSD gave us 300 pips Friday. Looking at how it closed no new trade ideas. Could potentially buy from 3687 if price action still holds bullish otherwise waiting to see how price reacts at ATHs https://t.co/9CjIdGhJFI
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High risk GJ sell I’m looking at now the pairs had a bit more time to breathe, overall BoE dovishness and general economic uncertainty in the UK seems to be having more of an impact on this pair currently than BoJ hawkishness.
High risk GJ sell I’m looking at now the pairs had a bit more time to breathe, overall BoE dovishness and general economic uncertainty in the UK seems to be having more of an impact on this pair currently than BoJ hawkishness. https://t.co/Eqp6Z6yDSF
New 4hr is showing more bullish momentum for Gold. With that being said I would also be looking for buys if we get a retest and hold of 3654 otherwise break buys of 3667 still valid.
New 4hr is showing more bullish momentum for Gold. With that being said I would also be looking for buys if we get a retest and hold of 3654 otherwise break buys of 3667 still valid. https://t.co/wMUwAQZncz
🇬🇧 #BOE kept rates at 4% while others cut
📊 Inflation 3.8% (target 2%)
📈 UK growth 0.3% vs US 0.8%
💼 Wages up 4.7%, fewer jobs
BoE playing it safe = watch inflation data for #GBP moves!
#Forex#ForexTrading
#GBPJPY: Staying bullish above 200 as #JPY weakens. BoE expected to hold at 4% (dovish). A surprise hike = GBP bullish. Hold/cut = GBP bearish. Weak JPY data + political issues could still lift GJ.
#USDJPY: Trading cautiously after the feds cut rates for the first time this year by 25bp which signals further easing and is having the most impact on the pair as BOJ aims to maintain their 0.5% rate. Trade this depending on your trading style.
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