Elite_Gold_Mines

Elite_Gold_Mines

xauusd pair has been a little complicated since the last few days as market is not giving any clear direction as it is mostly driven by the fundamental events. Currently the market is below the resistance area 3350 to 3360. There are more chances of market to drop back to its supporting areas like 3300 and 3270. If market breaks the 3350 and 3360 area then...

Elite_Gold_Mines

Btcusd has regained its 100k position. Last day market reached 104500 without any correction. So now a temporary retracement is possible market would not go up straight. Technically there are 3 supporting areas 99500, 96500, 93500 My targets is 99500 but if market drops below this target then it will drop further to a strong supporting area 96500 which is my...

Elite_Gold_Mines Updated 

After reassessing my last trade and going through the latest updates i think that gold prices might increase. The fundamental reasons are obvious like the geopolitical tension and economical warfare between the world's greatest economies. 3385 has been a turning point as market after dropping from this area entered in a range between 3270 and 3370. now market...

Elite_Gold_Mines

The reason behind the drop today are strong usd impact, delayed interest rate cut along with the easing trade tensions between usa and china. Now Market is back to its strong supporting area 3320 and now from this position market will reach 3400 soon because market is still bullish and this downward trend was temporary just a rapid reaction to the fundamental...

Elite_Gold_Mines

Btcusd pair has been quite slow due to the mixed feelings of the investors as some believes it would pump while other are expecting a great drop. Due to the uncertainty in the market i am going to stick to the technical aspects of the pair. Currently market pumped after triple bottom at the price 93500 which i will take as a supporting area while the 97700...

Elite_Gold_Mines Updated 

Market is bullish fundamentally and technically but the 3380 position an area where retracement is possible. Once Market drops below the 3350 position and h1 or h4 candles gets closed below this position then market will enter the correction phase and can reach 3300 today. My trading position is 3380 and the targets are divided according to the momentum of the...

Elite_Gold_Mines

There are few factors that influence the eurusd market like economical policies, geopolitical events and inflation rates. Apart from these factors i am going to focus on its technical aspects. Right now eurusd is trading around the 1.1370 and a slight increase has been witnessed today. currently the pair is expected to fluctuate between 1.1200 to 1.14500 the key...