Marwan_Moallem

Marwan_Moallem

The price is visiting a strong support that is turning into a resistance, the black horizontal line inside this zone represents the golden rounded number of 1.0900, upon which the price is expected to strong re-act #EURUSD #XAUUSD #GBPJPY #Forex #Trading

Marwan_Moallem

One 4HR candle closing below 29,000 opens the way for the sell order with a clean traffic towards the 28,600 zone.

Marwan_Moallem

US30 to go down from here for the bearish channel formation to continue. This scenario is supported by the following fundamental analysis: As oil supply will be decreased, the dollar index is expected to further strengthen and this will put more pressure on the financial markets going forward.

Marwan_Moallem

Gold is forming an M pattern on the 1HR time frame and it could revisit the previous demand zone. R/W Ratio of 3:1 with a short position.

Marwan_Moallem

US30 might revisit the 2 possible resistance areas on Monday and continue its downtrend afterwards