Bearish Trend reversal in Gold.....

Gold has seen fall from $1900 per ounce in year 2011 to $1100 in year 2014.
Price is retraced to 38.2% Bull FIB drawn from 2008 Bottom to top in 2011.(not shown in attachment)
Market is famous for deception. Making crowd believe its heading in one direction and preparing for a move in the opposite direction.

Price action prints false breaks when such move is in the making.

Looks like similar move is in process in gold as well. It has broken support at $1200 and printing reversal pattern on chart.

Break and close above $1300 with increased volumes will confirm this bullish bias.

Lets see whats in store in 2015.
Wish all readers Prosperous New Year

Reversals..............

Reversals in below pairs are indicating beginning of an end of bearish trend in commodities.

Gold and Silver after taking a beating for a long time set to move up.

Beginning of bull run in commodities?

Gold Bull Run Begins.........

Long time. Not posted anything.
Finally noticed something worthwhile to post.

Looks like it's beginning of another Gold Bull run.

Whats interesting in this chart is the false break of price past Bull 38.2 FIB level and reversal.
From March 14 till May 14 price was trading within narrow range.
Then it had broken the range, created false break before reversing out.
This week's Bullish candle confirmed the reversal.
Such signals have been very very powerful.
And now price is likely to reach 1560 level.

EUR/GBP Daily Set up 03032014

This pair is in consolidation range for almost 5 weeks. It has also shown false break to trap bears on weekly bar.

On Daily Price has retraced to 23.6% Bull FIB level and closed above 61.8% Bull FIB level.

In my opinion this pair is likely to touch 0.84300 level soon.

Please comment in comments section.

GBPNZD Monthly Analysis Jan 14

Similar to EUR NZD this pair looks very bullish after breaking resistance at 2.00.

Target for this pair is 2.10 if price holds above 2.00.
Monthly and Weekly charts below

EUR NZD Monthly Analysis Jan 14

This pair looks extremely bullish on weekly and monthly charts. This pair has rejected 38.2 and 50% Bullish fibs and trendline support.

Pair is likely to reach 1.70 which is a long term resistance and then if holds above it 1.82.
Weekly

 Monthly

AUD Pairs Weekly Analysis 27012014

Update : My bearish bias on AUD pairs made on 27th Jan 2014 are no longer valid now.

AUD is becoming bullish across all pairs post Reserve Bank of Australia's decision to keep interest rates on hold at 2.5 %. 
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AUD , CAD are one of the weakest currencies at the moment. This is quite evident from Below image.

Important support levels were broken,retested and rejected on some AUD pairs last week. Below are my thoughts and trade setup ideas.



AUD/CHF : CHF is currently one of the strongest currency and AUD one of the weakest. The pair has broken important support at 0.82300 and then at 0.78500. I missed my sell limit order entry at 0.82300 level by few pips 2 weeks back and was expecting price to return to this level but it didnt.
Weekly Stochastics are bearish.

I will be placing a sell limit order at 0.78100 for a target of 0.74100.


EUR/AUD: This pair has broken resistance at 1.50500 and 1.56200. I expect price to retest 1.56200 next week and continue its bull run.

GBP/AUD : This pair has broken weekly resistence at 1.87 and likely to resume its uptrend after retesting it.