XAUUSD DAILY CHART — 2300-2400?
It has been around 2 weeks since the XAUUSD set its record high (2430).
The subsequent retracement has seen one test below 2300.
So, looking with an objective eye says moves so far outside of 2300-2400 have lacked follow-through.
With that said, there is a risk of a further retracement but ONLY if 2291 is taken out.
Otherwise, expect chop trade while within 2300-2400.
I can see the argument for UsdJpy making it to 160 now that the MoF and BoJ have shown they are apprehensive to take action following their recent rate move. Shorting this pair looking for intervention may be best served by trailing sell stop entries as it climbs. Expecting limited covert interventions to stem the ferocity of the tide. It appears the BoJ of this crew are more Ninja than Samurai.
new york times
–
Antony Blinken and Xi Jinping Make Small Progress Amid a Larger Gap
– Meeting in Beijing, the U.S. secretary of state and the Chinese leader struck conciliatory notes. But there was no hiding their governments’ core differences.
I am assuming most anyone reading the abouve sees it as : Failure
****
A New Pacific Arsenal to Counter China
– With missiles, submarines and alliances, President Biden’s administration has built a presence in the region to rein in Beijing’s expansionist goals.
I am assuming the abouve is music notes to some and visually diabolocal prospect for some others
bobby thanks for suggestion.
definetely takes some investment of time and practice to get used to
of which I had abit moments ago..
I prefer the a href = linking as I use it on my coding fairly regularly:
EURUSD – Daily
Eur did not succeed in penetrating above 1.07500, and got smashed pretty nice after testing it.
Looking at the Daily chart, if it manages to close tonight above 1.07000 , bet are still On for higher – test of 1.08150 , but any close bellow 1.06900 – All Bets are Off
Comes Monday, we can have a run for the support at 1.06300, and in which case I don’t see it holding.
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