This is perfectly 7pm Nigerian time, and the gold (xau/usd) has just spoken. This is another buy. Looking at the hourly chart. the candles are well set for a buy. the just formed candle is heading long while the candle that formed an hour before then (5pm) closed at 2788. Now as I said, the direction of the last candle dictates where the trend is going.

The 7pm candle was a buy candle and suggests continuing buy bias. I think the gold will hit 2797 at least before retracing. It has begun going long as i speak so a few pips is good and I will be exiting at 2797. Do not be greedy. A little pip at a time is good. Don’t risk more than 2-5% of your capital at a time. I will see you soon. This is my analysis.
Thanks,
TOPNINE.
This is 5pm Nigerian time and GOLD (XAU/USD) is having a swell time climbing high. Shat started as a slow climb early this mornig at price 2758.62 has slowly and consistently climbed to the all high 2796.59 currently and will still go higher.
the cascading and upward alignment of the last 6 candles on the 30′ chart shows the buying power is muuch and will continue in that direction for a while. price will get to at least 2802.51 before it retraces in my opinion. A culmiation of NEWS since yesterday plus today’s monetary policy statememt at 2;15PM WITH THE unemployment claims that was released at 2:30pm has directed the gold in the same direction.
I forsee stronger buys at least in the interim. I will take a buy from its current position and exit at 2802 for a few pips.

Thanks,
TOPNINE.
So now that lagarde’s ECB burped as expected I am looking at
US 10-YR 4.512%
Bund 10-YR 2.503%
UK 10-YR 4.544%
and the diference
then I also note that we are at month-end BUT so far I am not discerning any substantial shuffling of position mix
then I also note that president Trump may or not issue some spamkings to misbehaving Canada and arrogant Mexico
sooo, I am thinking degenerate traders are likely to wait n see over-the-weekend developments
I am biased but this time around I prefer to be on the conservative side about eurdlr
as I dont see much of a bull rally seeing as every dick and harry (and mary) are loaded long dollar from here to yingyang. If anything I d prefer eurdlr loose say a 100 pips from the current 104.3x
Pending Home Sales miss on downside… little reaction in bonds…no follow throiugh on USD data downtick,,… srocks backed off…..see our Econoimic Calendar
The time is exactly 2pm Nigerian time and gbp/usd is looking good. Th market has just consolidated for a buy at price 1.2437 and a rise (buy) is expected. If you look at the hourly chart you will see the last 2 candles standing next to each other. They buy candle which is the latest candle closes where the prior candle opened.

This needs to be studied in technical Analysis (price Action) to be precise. Where candles open and closes to a large extent determines where next the market is going. In this case, a new candle opens at price 1.24372. This is a continuation of the former candle which was a buy candle.
So i wil be buying gbp/usd at 2pm for a little upward movement and i will exit at price 1.24450. A few pips at a time is good trading. Don’t over elverage your Account and keep good money management skills of about 2-5% of your total Account.
Thanks,
TOPNINE.
EURUSD Daily
EUR failed to close above1.04250 last night and lost possible momentum for more advance.
Now all eyes are on 1.03800
For me, 1.03450 is a point of no return – if taken out, we go back to full Bearish move.
In about an hour ECB – let’s see how this story ends….A Fairytale or Sad, Melancholic and Depressing Irish Story…

NEWSQUAWK US OPEN
USTs bid and RTY outperforms post-FOMC, Big Tech results mixed; TSLA +2.5%, META +1.3%, MSFT -3.7%
Good morning USA traders, hope your day is off to a great start!
Here are the top 5Â things you need to know for today’s market.
5 Things You Need to Know
European bourses hold an upward bias into the ECB; RTY outperforms post-FOMC.
Big-Tech results were mixed; META +2.4%, MSFT -3.5%, TSLA +1.7%
USD steady post-FOMC, EUR eyes ECB 25bps rate cut; USD/JPY below 154.50.
Powell props up bonds, weaker-than-expected EZ GDP spurred little reaction in Bunds ahead of the ECB.
Crude slips on tariffs and growth fears, base metals edge a little higher despite China being on holiday
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