Mihai Iacob - Forex& Gold Trading - Free Channel💰

2021-11-30 06:59:07 #Gold- Will it break under 1780?

Gold has moved like a headless chicken since Friday, with spikes up and down, but without a clear direction.
However, considering that the medium-term trend is bearish and that on Friday it dropped like a stone from above 1800, I tend to say it will break under 1780.
Also, yesterday we have a false break above 1795 short-term resistance which add to my bearishness.
So far, 1780 acted as a floor but is already tested 4 times which makes this support weak, not strong as you may be inclined to believe.
I expect this support to give up soon and Gold can accelerate its losses towards the important 1720
Interim support is at 1750
Only sustained gains and consistent bids above 1810 would change my bearish opinion.

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2021-11-29 14:31:37 Cyber Monday for Fx&Gold channel

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2021-11-29 06:27:18 #NzdChf- Range trading?

Since March's high, NzdChf has started to trade in a range with a very clear bottom at 0.6260
I'm bullish as long as this low support is in place and, in the medium term, the pair can rise to 0.6570 resistance
Buy dips towards this support can be a good idea for a trade with great R:R

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2021-11-29 06:11:40 #AudUsd- To reverse from support?

Friday, AudUsd has reached the very important 0.71 zone support.
Now the pair looks ready for some correction and a rise above 0.72 is probable at this point
I'm bullish as long as the recent low is not violated

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2021-11-29 06:04:47 #EurUsd- Buy dips can be a good strategy

Last week I said that there is maybe time for a correction in EurUsd and after breaking above falling wedge's resistance, the pair has risen and reached a high at 1.1335
Now EurUsd is correcting this first leg up and I expect more rise to follow after this.
My strategy for EurUsd is to buy dips and I will remain bullish as long as the price is above 1.12 zone

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2021-11-29 05:57:25 #Gold- Big volatility, now what?

On Friday, Gold reached my 1812 target, and, after a short spike above, dropped like a stone and continued this drop into Monday's open with a low at 1770
Now the price is exactly in the middle of this new range, but most importantly in short-term resistance (1795).
A break above this resistance would confirm last night's drop as a false break under 1780 support and Gold has an open road to Friday's high at 1815
I'm bullish as long as 1780 holds

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2021-11-28 07:33:35 #Bitcoin- Another break, another low?

After reaching a local low of around 53.500, Bitcoin has started to consolidate again in a tight range and 55.500 zone offers resistance now.
I expect a break under this newly formed support sooner rather than later, and a new local low for BtcUsd .
As I said multiple times in the past days, only Btc above 60k can give bulls some hope and my recommendation for speculators is to sell rallies Open / Comment