GOLD: good analisys from italian boy!Hello everyone before explaining my vision on gold I ask everyone to leave me a like, a comment and to start following me for other interesting setups like this ... thank you very much.
The market entries in medium-long term gold trading will be made by following the simple reasoning of breaking a trendline.
In the graph above we see a red and a green trendlines.
Depending on your market view, I ask the reader to focus on the red trendline (which represents my short view) or the green trendline (which represents my long view).
For a long entry I will wait for the price to break the green trendline, I will only enter the retest .... on the chart I have also reported the potential take profit (green lines).
For a short entry I will wait for the red trendline to break, if there is I will only enter the price retest towards the trendline ..... on the chart I have also reported the potential take profit (red lines).
This is my medium-long term vision.
Ernesto. Sorry for my english.
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GBPUSD: possible swing trade scenario1,28800-1,29500 price zone might act as support, where GBP buyers can show demand in which case the first target should be around 1,31250...
If the price breaks below 1,28800 the next support area will be between 1,26700-1,27800.
Possible move is on the chart.
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Risk disclaimer:
This is not an investment advice and you should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources. Trading spot foreign currencies (“FX”) is not appropriate for all investors, and the risks of FX trading can be substantial.
GBPUSD H1 ANALYSISGBPUSD has failed to break below its Supply zone as it has signaled rejections on the zone telling us that its a very significant level.We futher might be looking for a bullish market next week has soon as it breaks our resistance trendline and pulling back on either a spike or candlesticks for further confirmation of Buys.