Oh Boy, POTUS is definitely not happy. He was putting pressure on Jerome Powell and FED to lower the rates to weaken the USD and boost the stocks. were cut yesterday and dollar gained and stocks went down. Well, that’s just the market mechanics, buy the rumors and sell the facts, right? In today’s analysis we have three nice trading setups and two of them are with the USD.
First one is , which finally made a movement coming from the technical setup from two weeks ago. On the 18th and 19th of July, the price made a false breakout above the horizontal resistance on the 1436 USD/oz. False breakout are usually good signals for a reversal and that started yesterday (with the fundamental help from the USD). The aim for this movement is 100 USD lower than the mentioned resistance but the demand is really strong, so sellers may have a problem to reach that area.
was mentioned by us at the beginning of this week. We said that the setup here is bullish, despite the weak start on Monday. We were right, the price did go higher and today at night reached the highest levels since the middle of June. The buy signal is definitely ON.
In our previous trading sniper videos we also mentioned the , where we were bullish too. The price also moved in the direction that we anticipated. Setup here remains bullish and is even stronger after the EUR/PLN respected the broken neckline as a closest support.
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