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Philippe Dagenais

Canada, Montreal

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November 17

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Gold forecast january 2nd

letrader Posted 15 Nov. as Analysis on XAU/USD, Target: 1350.00, Date: 2^nd of January, 12:00 GMT in #Technical analysis #Gold #XAU/USD #Seasonality

1300.00 USD has been both a key resistance and support level for the last few years.
Since the end of 2016, where you can see the third green arrow from the right on the weekly chart above, gold has been trending higher. It has recently tested the lower support trendline at the rightmost green arrow. the upward trendline and the 1300 resistance/support level are forming an ascending triangle.
Also, If you look at a gold seasonality chart, which is basically the average performance of gold for e…

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2nd of January price prediction

letrader Posted 14 Nov. as Analysis on EUR/USD, Target: 1.1500, Date: 2^nd of January, 12:00 GMT in #Technical analysis #EUR/USD #Downtrend #Fibonacci Level

The EUR/USD pair has been moving upward since about Q1 2017 as you can see on this weekly chart.
This upward trend has ended and the pair has now been trending downward for a good 2 months, confirmed by the fact that it went through the daily Ichimoku cloud the 25th of october testing the 23.6% fib retracement level at the same time (chart below). During this 2 months period, the price never really escaped the narrow downward channel that it is currently in. I expect most retracement of this kin…

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