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GOLD neutral bias | 2 possible scenarios
XAUUSD
, 1W
XAUUSD: GOLD neutral bias | 2 possible scenarios

Neutral bias on Gold at the moment, after respecting the break of a descending trend line & rejecting higher prices for 2 weeks we finally saw strong bullish momentum on Friday that broke back above the trend line. Now we are anticipating one of the two scenarios marked on the chart to play out. Scenario 1: Price will break above the nearby resistance zone &...

NZDCAD | Opportunity for low risk short.
NZDCAD
, 1D
Short
NZDCAD: NZDCAD | Opportunity for low risk short.

NZDCAD has been trading in a descending channel on the daily chart for some time. After failing to reach the descending trend line at the top level of the channel price has steadily declined and broke below 0.9100 support. Price is now treating this zone as resistance and we've seen a slow down in momentum. If price declined to the 0.89150 support we would go...

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