XAUUSD

Monthly: Gold is moving according to the strong trend with no faults of missing out so far but formed a bearish structure since the last April.

Trading Forecast : Look for longs only if the markets breaks the yellow areas. The whole colored rectangle area is having bearish structure so indirectly if Gold is not able to break the rectangle area in upcoming days then better look for shorts with target near or below 1780.

BTCUSD

Monthly : With continuous LL stamps, BTC might show us a move to 37600 before going down.

Trading Forecast : The marked 4 scenarios in the chart are the only Expected moves in BTC. At present, scenario 3 is working out, but due to consolidation in the price since couple of week a sense of faith of BTC moving up to 37600 might be seen.

Long positions above 32700 till 37500 as target.

ETHUSD

Monthly : ETH is able to sustain on the support (pink area) at very good pace so far. Can move up to yellow if support not broken.

Trading Forecast : As we see on the chart the movement is bearish but the support has held the price beautifully till now. Traders should look for long only after and above 1910 with First target 2280 and Second target 2780. Can look for shorts below the support at its retest till or near 1422 and 1360.

Disclaimer

DIFX shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by DIFX that the forecast information will eventuate, that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses in particular if the conditions or assumptions used for the forecast or mentioned in the analysis do not eventuate as anticipated and the forecast is not realized.

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