| Analysis of Gold for August 31,.2020 - Upward target at $1.975 has been reached but potential for the downside rotation towards $1.950 2020-08-31 Latest data released by Destatis - 31 August 2020 This just reaffirms expectations that the German national reading should see headline annual inflation come in similar to July at around -0.1% y/y or 0.0% y/y. As mentioned earlier, all the state readings generally just give out the impression that price pressures remain more subdued in August - similar to what we saw in France,Spain and Italy.  As I discussed in the previous review, the Gold managed to reach my Friday's target at $1,975 but It found sellers there, which is sign that there is potential for the further downside rotation. Further Development 
Analyzing the current trading chart of the Gold, I found that the buyers got exhausted today and the downside roattion would be probably to correct strong upside movement from Friday. 1-Day relative strength performance Finviz 
Based on the graph above I found that on the top of the list we got Cocoa and Coffee and on the bottom Lean Hogs and Lumber. Key Levels: Resistance: $1,975 - Support level : $1,950
EUR/USD - Watch for potential downside rotation towards 1.1850. Critical pivot level on the test 2020-08-31 This isn't much of a surprise as Suga, the current chief Cabinet secretary, is allegedly among the frontrunners to succeed Abe as prime minister. Just be mindful that the election is reportedto take place on 14 September. 
As I discussed in the previous review, the EUR was in contraction but so far we can see that buyers are in control today and heading towards the 1,1950. Further Development 
Analyzing the current trading chart of the EUR/USD, I found that EUR is on critical pivot resistance at 1,1930 and that it is go no go level for EUR. 1-Day relative strength performance Finviz: 
Based on the graph above I found that on the top of the list we got Cocoa and Coffee and on the bottom Lean Hogs and Lumber. EUR is slightly positive but with no strong momentum to the upside. Key Levels: Resistance:1,1930 - Support level : 1,1850
Author's today's articles: Petar Jacimovic  Petar was born on July 08, 1989 in Serbia. Graduated from Economy University and after has worked as a currency analyst for large private investors. Petar has been involved in the world of finance since 2007. In this trading he specializes in Volume Price Action (volume background, multi Fibonacci zones, trend channels, supply and demand). He also writes the market analytical reviews for Forex forums and websites. Moreover Petar is forex teacher and has wide experience in tutoring and conducting webinars. Interests : finance, travelling, sports, music "The key to success is hard work"
Subscription's options management Theme's:
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Author's :
Alexandros Yfantis, Arief Makmur, Dean Leo, Mohamed Samy, Mourad El Keddani, Petar Jacimovic
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