december

Good morning, Gold market keeps tricky action, so we still stand aside in terms of long-term position. Still, on lower time frames price is forming the intraday setup for short entry from 1822-1825 resistance level:

Good morning, JPY can't break existed bearish pattern, and now it seems that chances of reaching 128 support area look rather high:

Good morning, Here is new BTC Fundamental Report BTC stands among most weak assets right now. Technical patterns suggest further downside action, at least breakout of 16.27K daily lows. So, we do not consider any long positions by far.

Good morning, Daily picture has not changed at all, while intraday bearish scenario goes well. Today we consider another chance for short entry around 1810 intraday resistance:

Good morning, Today we take a look at EUR, DXY, AUD and GBP as all of them have some common things. There are more bearish signs appear, and hopefully we will get major pullback after the holidays:

Good morning, Although recent spike on Gold market has been triggered by China CV19 decision, market is still too stubborn with upside performance. Despite that pressure seems growing, we need to be patient with short position taking:

Good morning, As we've warned EUR and other currencies look too stubborn with upside performance and can't get started reaction on strong monthly resistance levels. It makes us to be more careful and wait for clear bearish signs and patterns before position taking:

Good morning, Despite that Gold has opened up today, we suggest that 1808 major resistance area is interesting for short selling. Existence of unfilled gap around 1800 makes cares very low risk for this trading setup:

Good morning, AUD daily context remains bearish, so we consider 0.6790-0.68 area as interesting for short selling. Especially if daily bearish grabber will be formed today:

Good morning, Holidays delay a bit BTC performance as well, so mostly we see bearish reversal patterns on intraday charts. Additionally 17050-17100 area might be bad surprise for the bulls:

Merry Christmas, Gold market situation barely has changed. Downside impulse of GDP revision is still valid, and we consider 2nd chance bearish entry around 1797-1798 levels:

Fundamentals Yesterday, in FX report we've taken a look at recent data - GDP revision, consumption and some others. Indeed it has made proper impact on gold market as well. For example, upside GDP revision to 3.2% supported dollar, suggesting that Fed could be more stubborn with rate increasing...

Good morning, Technically EUR stands in the same range, showing no changes. In general bearish context is valid but sideways consolidation keeps risk of bullish dynamic pressure and upside spike when activity comes back:

Fundamentals As always markets become quiet before the Christmas and New Year's Day, and we do not have a lot of news and events with this period. Still, financial life doesn't stop totally and there are still few moments that we need to take a look at - just recall recent BoJ adventure. But...

Good morning, Gold is the only market that has shown strong performance yesterday. Now we consider 1800 and 1808 resistance levels for short entry:

Good morning, EUR still can't get started downside action, although bearish activity is rising on GBP and (bullish one) on DXY:

Good morning, Recent USD weakness supports BTC as well. Although context remains bearish, but we suggest that BTC could try to reach 17.40-17.50K before turning down again:

Good morning, Gold market has shown the performance that we've discussed yesterday and formed the grabber on top. Maybe it could work properly but bearish context still looks weak, we need more bearish signs for short entry:

Good morning, GBP is another currency that has shown unique action with no reaction on recent USD weakness. We hope that B&B on monthly chart is started, and watch for 1.2250-1.2296 resistance cluster to decide on short entry:

Good morning, Gold also is driven by surprising USD weakness, which in turn has happened due JPY action on a background Japan Gov Bonds collapse. We think that now it would be better to wait when market calms down a bit, as we do not exclude re-testing of the top and reaching of 1824$.