Good morning everyone.
I haven't been very active on this account recently, but I'd like everyone to pay close attention to this update.
Looking at the current market conditions, I would advise you not to fall into the trap of panic or emotional trading. In my view, this is one of the best periods to start looking for quality buying opportunities.
The major pairs and assets I'm watching for potential buys are:
• Gold (XAUUSD)
• Silver (XAGUSD)
• EURUSD
• GBPUSD
For EURUSD and GBPUSD, the buy setup is not fully confirmed yet, but the market is getting very close. Be patient and wait for the right structure to form before entering.
As for Gold and Silver, the bullish structure has already formed, and I'm currently favoring buy positions. I expect both metals to continue pushing higher, with a possibility of Gold reaching new all-time highs before the end of July.
For Bitcoin, I expect some short-term movements and volatility, so trade carefully and manage your risk properly.
A few additional observations:
• USD pairs may show temporary bullish movements before the larger picture becomes clear. Wait for confirmation.
• JPY pairs are likely to remain bearish.
• I'm not bullish on US Oil at the moment and would be very cautious with long positions. There's a possibility of further downside.
From now on, I'll be more active here and will continue sharing my market outlook whenever necessary.
Trade smart, stay patient, and focus on quality setups rather than forcing trades.
Wishing everyone profitable trading ahead.