Just a simple TA using conventional wave length projections. This pair wasn't able to hold onto the 78.6% fib pullback level so now I anticipate this pair first retesting around the 1.74 handle. Following the retest I would expect a natural bounce from profit taking and buyers heading into the market, but then I can foresee this pair breaking support heading...
US30 (DOW JONES) CHART ANALYSIS POSTED ON SUNDAY 30 APRIL 2023 Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
The gold still goes up, showing no signs of slowing down. Gold respected the uptrend, responding positively to support. For a more suitable entry we should wait for a confirmation from the support, more testing from the price on the support to form a stronger bullish candle.
GBPUSD has traded into resistance prior to the USD 3 Month Bill Auction, which will show the yield on the government backed security. Technically the pair has traded into structure and trendline resistance, and the RSI Has given a sell signal. We anticipate continued downside.