Good morning fellow traders, This is my analysis for XAU/USD. I chose this pair because I have noticed a many traders believing there will be bullish reversal. Unfortunately, the fundamentals do not line up with the bullish sentiment. I will breakdown further with why I believe the pair will be bearish: 1. The biggest proponent for the bearish sentiment is the...
A long term short opportunity due to overall positive United States news. However, traders can enter a short term long for profit. Short term Long: Potential Entry: 0.71700 Area Potential Exit: 0.72200 Area Stop Loss: N/A Dependent on Trader Long term Short: Potential Entry: 0.72200 Potential Exit: 0.71200 Stop Loss: N/A Dependent on Trader Disclaimer: I am...
Potential Buy/Long for USD/CAD due to overall positive United States economy news for the week of the May 30th to June 3rd. Potential Entry: 1.261 Area Potential Exit: 1.2700 Area Stop Loss: N/A Dependent on Trader Disclaimer: I am not a licensed advisor. Trade at your own risk.