Gold violated $1,306 to test $1,309 but the breakout later converted into fakeout. Taking a look at the 4- hour chart, the bullish breakout candle peaked to $1,309 but fell back to close below $1,306. This signifies that the investors are still respecting $1,306 as a resistance.
Today's forex trading signal is to stay bullish only above $66.45 to target $67 and $67.45. Whereas, selling is preferred only below $66.45. Good luck!
Technically, the violation of $1,294 can lead gold prices towards $1,289 and $1,281. While the bullish breakout can open a room for buying until $1,307 and $1,317 today. I’m placing my sell limit near $1,306 with a stop near $1,309 and open take profit to capture 50/60 pips. Good luck! Keep following for more updates.
On the 3 hour timeframe, crude oil has formed an ascending triangle pattern which is signaling the buying behavior of traders. The pattern is extending a strong support near $65.50 along with a resistance at $66.5. Historically, the ascending triangle pattern breaks upward, therefore, the violation of $66.45 is likely to lead the crude oil prices towards $67.40...
The violation of $1,294 can lead gold prices towards $1,289 and $1,281. Whereas, the bullish breakout will open a room for buying until $1,307 and $1,317 today. Investors will be watching very closely to see if there’s any forward guidance that will intimate a possible fourth rate hike into the year-end.
We are in sell below $1,296 with a stop above $1,299 and a take profit of $1,293. I will be looking to buy above $1,290 later today. Keep following for more details..
I will be keeping a closer eye on $65.95 to target $64 and $63.85. Whereas, we may have a buying signal above $66. Good luck! Keep following for more updates..
Today, the idea is to stay bearish below $1,306 with a stop above $1,309 and a take profit of $1,290, whereas, buying is preferred above $1,289. All the best!
I’m planning to stay bearish below $65.75 to target $65 and $64, whereas my buying limit is set at $63.85. Good luck! Keep following us for more updates!
I’m thinking of entering a sell position below 148.150 to target quick 40 pips. Whereas on the lower side, I will be looking for a buying signal above 147.250. Follow us for more updates.
On the upper side, $1,299 is a very strong selling level. Whereas, $1,295 is a nice buying level. This leaves us with two options: Buy above $1,295 to target $1,299. Sell below $1,299 to target $1,294. Whereas, I will be taking another buy position on the violation of $1,299 to target $1,306. Follow us for more updates!
Fellows, keep an eye on 1.3350 and 1.3375, outside this range we will find our trade. Stay tuned for updates..!!
The idea is to buy above $1,295 and sell below $1,305, with a stop loss of 30 pips and take profits on 50 pips. Outside this range, we can set the buy stop above $1307 and sell stop of $1,294 to target 50 pips. However, it’s a risky strategy if we get mixed data today. Follow us more trading signals...
The idea is to stay bullish above $67.60 to target $68.40 before the release of news. We may have an update after the EIA report, so make sure to revisit for update forex trading signals. Follow us for more updates...
Gold - Asymmetric Triangle Pattern Close to Breakout
German30 (DAX) – Trading Plan I will be looking to buy DAX above the support level of 12630. I know the support is at 12680 but the DAX often eats 50 pips in the process of stopping at support and taking a reversal. Let’s monitor 12630 now.
GBP/JPY Dips to 145.250 - Challenging Double Bottom Level