🪓 Dragon Scalping Pro

THE INTERNATIONAL ENERGY AGENCY IS WARNING SURGING DIESEL PRICES RISK WORSENING EUROPEAN ENERGY CRISIS

Federal Reserve Vice Chair for Supervision is warning the United States economy will see significant softening He is a little late to the party.

Hungary’s government seeks to change rules that would force it to quickly recapitalize the country’s central bank as it accumulates massive losses. From 8 days to 5 years. The magic of a stroke of a pen. Meanwhile, everyone else goes broke.

GBPJPY BUY @ 164.71 | TP - 171.00 | SL - 161.00

GBPUSD Sell @ 1.1850 TP - 1500 | SL - 1.2035

GOLD Sell @ 1779 TP - 1720 | SL - 1810

If it fails to break the support level today, there is still the possibility of an upward rally And once it breaks through 1660, the eyes should be on 1630-1640

Yesterday (October 10), #gold rose to a maximum of nearly 1700 at the opening and fell all the way after encountering resistance. The European market fell below 1680, and the US market accelerated its decline, with a minimum of 1665-2. Closed near 1664. #XAUUSD

Gold (XAUUSD, $1,662-65) is retesting the upper band of a 3-month descending broadening wedge formation. If re-test holds then gold will have established a higher low, which should ultimately push higher above previous high (dashed) and catapult it above $1,800 level

Central banks: look what they do, not what they say.

The #US. manufacturing #PMI data showed poor performance, and the dollar and U.S. bond yields fell to more than one-week lows, providing #gold prices with upward momentum. Although the short-term increase is too large, #xauusd

The golden hour line is still above the moving average as a whole, stopping the decline. The 50 moving average has been turned upward again, and the 30 moving average is also clearly moving upward. The support level is focused on 1718, and the resistance level above 1728. #XAUUSD

Gold rebounded from a low last week, mainly supported by rising geopolitical tensions, turmoil in the UK tax cut plan and cooling gains in the US dollar and US bond yields, which were the main source of momentum for gold's previous rise

The U.S. September ISM manufacturing PMI released on Monday, after the data was released, the price of #gold started from $1,668 and rose as high as $1,702, especially in the first hour after the data was released, the increase once exceeded $20. #XAUUSD

Silver (XAGUSD, $20.95) decisively broke out from the declining wedge (dashed) and likely headed towards the upper band of the giant 2-year bull flag with target of $26 representing another 25% from present levels. The run could happen very quickly catching most by surprise

Gold (XAUUSD, $1,704) is trading just under a 7-month resistance, which is likely to be taken out shortly with immediate target around $1,800. Following a short pause, I expect gold to push above $1,900 by mid November.

Fazzaco has learned that MetaTrader 4 and MetaTrader 5 (MT4 and MT5), an electronic trading platform developed by MetaQuotes and widely used by speculative traders in online retail currency pairs, has been removed from the Apple App Store.