Ash_C

Ash_C Updated 

Take profit #1 falls at the .5 fib and take profit #2 falls on the .618

Ash_C

Gold retested a key level at 1280 last week and closed at 1298. It completed the pattern and should move back up above 1300 this week. I believe a strong momentum upwards should bring the price to the first take profit zone at 1320 which falls on the .618 fib. The second take profit is 1340, near the last high. If the strong upward momentum continues and the...

Ash_C Updated 

If DXY breaks below 95.00 in the coming weeks, look to short the dollar against EUR, CHF, CAD, XAU.

Ash_C

As discussed previously, the value of the American Dollar is expected to fall in the coming weeks and months. On the other hand, the notion of a "No Deal Brexit" supports the belief that the British Pound may be getting weaker. However, despite the political and economic turbulence that Great Britain may be facing due to the idea of a "No Deal Brexit," the...

Ash_C Updated 

With a completed head and shoulders pointing upwards, look for a short term potential buy up to 1.6720

Ash_C

With the value of USD going down in the coming weeks and potential months or even year, the value of gold should reach the 1352 mark. A break above the weekly resistance around that point could result in a strong bearish momentum up into the 1400s