The Japanese cross has dipped over the unexpected drop in the U.K. retail sales figures. However, the GBP/JPY seems to gain support near 146.150. As we can see, the pair has formed a test bar, signifying the sellers seem to exhaust and bulls may take over the lead. On the upper side, the GBP/JPY is likely to face resistance near 146.750 and 147.150.
Gold – XAU/USD – Trading Plan Fellas, we shared a trading signal to stay bearish below $1,222 with a stop above $1,226 and take profit at $1,218. We can also extend take profit to $1,214. Good luck!
GBP/USD – Trade Plan I will be keeping a close eye on $1.3070 as below this, the market can go after $1.3010. Whereas, the violation of $1.3070 can lead the GBP/USD towards $1.3120. Good luck!
Gold – XAU/USD – Trade Idea I will be looking to take sell position below $1,226 for a long-term target of $1,212. Good luck!
What’s on the technical side? As you can see on the daily chart, crude oil has dropped below 70, crossing 50 periods EMA from the upper side. For the moment, it’s trading above a bullish trendline support at $66. The leading indicator RSI is entering the sell zone.
Gold – XAU/USD – Trade Idea Today, the idea is to stay bullish above $1,241 with a stop near $1,238 and take profit at $1,245. Good luck!
Gold – XAU/USD – Trade Idea During the ending hours of the Asian session, we opened a buying signal above $1,243 with a stop below $1,240 and a target of $1,247. Good luck!
Gold – XAU/USD – Trade Idea I will be looking to take another sell position below $1,240 with a stop loss above $1,243 and a take profit near $1,236. Good luck!
WTI Crude Oil – Trade Plan The trade idea is to stay bearish below 71.61 with a stop above 71.95 and take profit at 76.40. Good luck! Refer to our website for full articles. Thanks
There’s a bullish trendline which is supporting the pair near $1,237. 200 periods moving average is also supporting gold near $1,237. The same level $1,237 also supported gold back in April 2017 and in July 2018. The leading indicators, RSI and Stochastics are massively oversold and are holding below 20. Is there any chance of bullish reversal? Yes, there’s a...
I will be looking for a buying trade above 129.750 with a stop loss below 129.400 and take profit above 130.100. All the best!
We are in a bullish trade above $1,258 with a take profit near $1,262.25 and a stop loss near $1,255. Good luck!
As we can see, the volatility is really thin today as traders are waiting for the NFP figures. Gold is also stuck in a narrow range of $1,251 - $1,259. Probably we will see a breakout on NFP. So brace yourself! Stay tuned for more updates.
The risk sentiment just converted to risk on as investors seems to take buying positions in the global stock markets. Dax just violated major resistance of 12392. I'm seeing next resistance near 12600. Keep following for more updates!
Gold - Intraday levels Support Resistance 1255.89 1261.31 1254.21 1262.99 1251.5 1265.7 Key Trading Level: 1258.6
Today, the idea is to stay bullish above $1,252 with a stop near $1,248 and take profit $1,262. Good luck! Keep following us and feel free to comment below if you have any questions..
Let’s keep an eye on $1,246. The idea is to take buying positions above it for 30/40 pips. While sell entries will be preferred below $1,246 to target $1,242. Good luck and stay tuned for more updates.
Today $73 is a very crucial trading level and crude oil can stay bearish below this level to target $72.10 and $71.75. Good luck!