Buy zone and sell zone. Now the trend is in the buy zone but the market is still bearish so the good thing is if you will wait when the sell zone starts. Also, this is a nice point buyers if price go up to the green marked level.
GOLD XAU / USD Short term signal
GOLD XAU / USD Short term signal As long as the highlighted key area is holding as resistance; My preference is short positions on XAU / USD with a First target 1685 ; Second target 1675; While a break and close above the highlighted key
AUD/USD pulls back from a five-month top of 0.6984 despite upbeat Aussie data.
US President Trump refrained from negative comments during early-Asia.
Market’s risk-tone seems to consolidate the previous day’s strength ahead of the ECB, US Jobless Claims.
Despite witnessing upbeat Aussie data, AUD/U
Private sector credit in Australia was flat on month in April, the Reserve Bank of Australia said on Friday - following the 1.1 percent increase in March.
On a yearly basis, credit rose 3.6 percent - unchanged from the March reading.
Housing credit was up 0.2 percent on month and 3.1 percent on year
According to a survey of German companies conducted by the influential IFO institute, a majority of them said they could survive for six months if the coronavirus lockdown restrictions remain for a longer period.
52.7% of companies say they could survive for six months.
29.2% of surveye
The China stock market headed south again on Tuesday, one day after it had snapped the two-day losing streak in which it had fallen more than 35 points or 1.2 percent. The Shanghai Composite Index now rests just above the 2,810-point plateau and the losses may accelerate on Wednesday.
The global for
The bias remains bullish.
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Pivot (invalidation): 0.9740
Our preference Long positions above 0.9740 with targets at 0.9770 & 0.9785 in extension.
Alternative scenario Below 0.9740 look for further downside with 0.9715 &a