Wednesday, June 3, 2020

COMP Gold Ounce (USD)



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : COMP Gold Ounce (USD)   

Direction :
Identified time : 2020-06-03 13:01 BST
Breakout price : 1722.05
Forecast price : 1729.38
Forecast pips : 733
Probability : 70.61 %

Pattern : Falling Wedge
Interval : 60 Min


Pattern : Resistance
Interval : 15 Min

Tuesday, June 2, 2020

COMP Gold Ounce


Symbol : COMP Gold Ounce (USD)   

Direction : 
Identified time : 2020-06-02 15:06 BST
Breakout price : 1744.47
Forecast price : 1749.153
Forecast pips : 468
Probability : 67.73 %
Pattern : Triangle
Interval : 60 Min

Pattern : Resistance
Interval : 60 Min

Thursday, May 28, 2020

ZAR/JPY forex chart



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : ZARJPY   

Direction :
Identified time : 2020-05-28 20:36 BST
Breakout price : 6.1493
Forecast price : 6.12729
Forecast pips : 220
Probability : 69.55 %

Pattern : Descending Triangle
Interval : 30 Min


Pattern : Head and Shoulders
Interval : 30 Min

EUR/JPY forex chart



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : EURJPY   

Direction :
Identified time : 2020-05-28 15:30 BST
Breakout price : 119.055
Forecast price : 119.3034
Forecast pips : 25
Probability : 69.83 %

Pattern : Ascending Triangle
Interval : 30 Min


Pattern : Resistance
Interval : 30 Min

Tuesday, May 26, 2020

Gold has steadied 5/26

Gold has steadied at around $1,730 a troy ounce, as it faces the headwind of easing lockdowns and improving economies. But most analysts believe gold is just consolidating after recent gains and will continue to find support from U.S.-China tensions and low real interest rates. "For as long as gold holds its own above the $1,700 mark, we believe that the price is merely taking a breather within an intact upwards trend," said Carsten Fritsch at Commerzbank in a recent note. Spot gold is last down 0.1% at $1,727.15 an ounce. Investor interest in the precious-metal also continues to be strong, says Ole Hansen, commodities strategist at Saxo Bank, citing CTFC data showing investors added 12.3 thousand lots to their net long futures position last week.