MoneyMunch.com

USD/JPY May Continue Decline

Posted: 18 Jul 2021 04:23 AM PDT

USD/JPY has made a high of 111.66 and took a U-turn. Its impulsive wave breaks at support trendline breakout. It can keep falling from the dynamic resistance trendline (DRT). We may see 109.54 – 109.15 – 107.48 soon.

Don’t sell after a breakout of DRT or 110.7 level. And do not forget to watch significant releases or events mentioned on the above chart that may affect the movement of USD/JPY.

Would you like to get our all forex (fx) updates instantly? We have an option for you.
Click Here: Free Forex Tips

Do you want to get Premium Calls only?
Click Here: Premium Forex Tips

If you have any questions or concerns about Forex Market then contact by following ways:
Email: [email protected]
Phone: +91 903 386 2706

Have you any question/feedback about this article? Please leave your queries in the comment box for answers.

The post USD/JPY May Continue Decline appeared first on Moneymunch.

XAUUSD (Gold Spot) & MCX Gold Will Skyrocket?

Posted: 18 Jul 2021 02:56 AM PDT

In June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month.

You can read the previous articles of Gold Spot and MCX Gold to catch the next move.
June 27, 2021 – Outlook: Gold downtrend stopped at 46720

I have written, “It’s not sellable until following the above scenario. We can see the gold prices at 48000 – 49000+ in the upcoming days”.
And MCX Gold has completed the first target in the last week.

June 21, 2021 – Will Gold Spot Decline More?

Weekly outlook of Gold Spot

Gold spot needs to break 1809 levels to retest support of 1793.6 – 1783.6. These support levels will push the gold price higher. Gold isn’t sellable until the breakout of 1766 (strong support).

XAUUSD will touch 1858 – 1898 levels soon.

Weekly Outlook of Indian MCX Gold

This week gold may remain downside until it breaks the levels of 48520. It can be up to 47580 – 47200. But, once it crossover the 48520 levels, then it will become unstoppable again. And we will see 49000 – 49500+ levels soon.

Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas:

Wednesday, Jul 21, 2021
02:00 API Weekly Crude Oil Stock – Medium Impact
20:00 Crude Oil Inventories – High Impact
20:00 Cushing Crude Oil Inventories – Medium Impact

Thursday, Jul 22, 2021
20:00 Natural Gas Storage – Low Impact

Would you like to get our all commodity updates instantly? We have an option for you.
Click Here: Free Commodity Tips

Do you want to get Premium Calls only?
Click Here: Premium Commodity Tips

If you have any questions or concerns about Commodity Market then contact by following ways:
Email: [email protected]
Phone: +91 903 386 2706

Have you any question/feedback about this article? Please leave your queries in the comment box for answers.

The post XAUUSD (Gold Spot) & MCX Gold Will Skyrocket? appeared first on Moneymunch.