Recent content by FPGRich

US Unemployment Claims The US has just released the data for the unemployment claims. Previously the unemployment claims released on the April 13, 2023 was at 240K which was promptly broken by the April 20, 2023 data standing at a staggering 245K. 245K is an all time high for the year 2023...

Date - 20/04/2023 Position - Long position, XAUUSD (GOLD) A golden cross has started to form on STOCH indicator. ADX and +DMI started to rise while -DMI started to decline. Based on STOCH and ADX a long position is placed. No obvious movement from RSI and MACD indicators. Placed a buy order...

Gold (Intraday): Most likely: Bullish above 2002.60 (P point) Less likely: Bearish below 2002.60 (P point) (Moody's pivot line) Other technical comments: Currently, QE arrow is pointing upwards, indicating a strong bullish sentiment and a high probability of the market moving upwards...