xiangbo Although I can't know ahead of time that the Federal Reserve Powell will announce the rate hike in July, I can see the desire for gold to rise from the chart.
Jul 10 at 12:52
xiangbo Last week, USD/JPY formed a higher low. Then it broke above the resistance line connecting May 13 low and the highs of June. The pair reached the 38.2% Fibo retracement of the June-April decline and the 50-day MA in the 108.90 area. The advance above this neckline will confirm an inverted “head and shoulders” pattern and make the pair target 109.60 (50% Fibo) and 110.00 (psychological level). The scenario will be valid until USD/JPY trades above 108.40 (the neckline).
Jul 10 at 09:23
xiangbo Last week AUD/USD reached the resistance of the long-term downtrend. The pair formed a “double top” pattern at the resistance line that has been in place since the start of 2018. As bears make it pierce more levels on the downside, we get the new sell target - 0.6900. If the comments of the Fed’s chair Powell are less dovish this week, there will be potential for the further decline to 0.6830 (June low).
Jul 09 at 09:41
xiangbo After its peak at the end of June, BTC/USD has been constantly forming lower highs and making significant legs to the downside. The cryptocurrency met resistance at the 61.8% of the 2017-2018 decline in the $13,500 area. Bitcoin is very volatile and the odds are that it will test lover levels at $11,120, $10,800, and $10,400.
Jul 08 at 10:54
xiangbo To overcome the market, we must first understand the sentient beings of the market. The market is a joint force, and this combination is not a machine, but a living person. In the market, the most are all fools. If you make money, you don’t know why. If you lose money, you don’t know why, and finally become someone else’s dish.
Jul 05 at 10:54
xiangbo Other people's analysis is useless. The essence of analysis is the probability of gambling, so there are many mistakes in seeing the analysis written by many people. And what I give to everyone is not analysis, it is to let you take advantage of the trend.
Jul 05 at 08:32
xiangbo If gold does not form a new red center, the rise will continue
Jul 05 at 05:12
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