XAU Trading Outlook Archive

GOLD Pivot: 1153 Likely scenario: Long positions above 1153 with targets @ 1170.3 & 1175 in extension. Alternative scenario: Below 1153 look for further downside with 1147 & 1134.6 as targets. Comment: The RSI is mixed with a bullish bias.  

GOLD Pivot: 1163 Likely scenario: Short positions below 1163 with targets @ 1143.2 & 1134.6 in extension. Alternative scenario: Above 1163 look for further upside with 1170.3 & 1175 as targets. Comment: As long as 1163 is resistance, likely decline to 1143.2.    

GOLD Pivot: 1163 Likely scenario: Long positions above 1163 with targets @ 1175 & 1180.5 in extension. Alternative scenario: Below 1163 look for further downside with 1156.3 & 1153 as targets. Comment: A support base at 1163 has formed and has allowed for a temporary… Read more

GOLD Pivot: 1163 Likely scenario: Long positions above 1163 with targets @ 1175 & 1180.5 in extension. Alternative scenario: Below 1163 look for further downside with 1156.3 & 1153 as targets. Comment: The RSI lacks downward momentum.  

EUR/JPY 20/02/2014 22:44 1 week Trend: (=) 1 month Trend: (=) EUR/JPY Intraday: continuation of the rebound. Pivot: 139.5 Our preference: Long positions above 139.5 with targets @ 140.6 & 141.05 in extension. Alternative scenario: Below 139.5 look for further downside with 139 & 138.6… Read more

Technical Analysis AUD/JPY 19/02/2014 19:00 1 week Trend: (=) 1 month Trend: (=) AUD/JPY Intraday: bullish bias above 91.85. Pivot: 91.85 Our preference: Long positions above 91.85 with targets @ 92.95 & 93.8 in extension. Alternative scenario: Below 91.85 look for further downside with 91.1… Read more

AUD/USD: Current strong AUD/USD is showing signs of tiredness from breaking different levels of previous resistances. However, the Aussie dollar is starting to form a downtrend from yesterday’s sell off due to improving U.S economy where jobs and housing industries continued to grow. Even though… Read more

Gold rallied 18 bucks in one day and is holding above the 200 day moving average. Current short term resistance at 1330.

The obvious trade for me is to buy dips in AUD/NZD towards 1.1020 with a tight stop directly below 1.0990. EUR/USD bears can try selling at 1.3625, again keeping stops tight above 1.3650. Medium-term players can consider building short EUR/AUD positions with stops well above… Read more

Yesterday’s short trade in EUR/AUD worked very nicely and I would try the same again today. Look to sell rallies back towards 1.4900/10. The NZD looks to be an even better buy that the AUD and NZD/JPY might also be worth a look; it’s risky… Read more