1. GJ is on an overall bullish trend, but in the previous week, it's facing range. 2 Do your own analysis before taking any trade. 3 Wait for retest and strong support make above 150.200 or 150.300. 4 150.800 is a strong selling area it must break it for more upside.
Before taking trade do your own analysis. 1 Today was some fundamental news of GJ. 2 GJ retrace the area and doesn't break the 150.200. so its good buy trade.
It good opportunity to buy GJ as it has create strong support. ALways do your own research before taking any trade.
PLease before taking any trade do your own analysis. Trading is high risk and rewards business. GJ is about to go more upside as you will see in my analysis. if it holds 149.600 otherwise more downside road will open. But it must make a lower wick after that upside move. Keep an eye on 150.500 area.
Always trade in price action and our own analysis and decision just for educational purpose. There is also new today of USD be careful when you trade. If price make the support in resistance area then take an entry.
This is just for an educational purpose, the market is too risky anytime things can change. Since the last few weeks, Aussie is continuously moving in a bullish trend. Right now in h4 price is respecting every support and going up for new higher high's.
Gold is now on consolidation phase you can see on h4 chart so here is short term opportunity of short trade.