Namcapital

Namcapital

The pair has been respecting a downward trend-line . it ended on Friday with a nice bull run . i expect retracement upon reaching the trend-line as it meets the resistance level . Once i see confirmation i would short the pair with my tp placed somewhere at the next support level

Namcapital

The pair has been respecting a downward trendline . i am expecting it to retrace back to the trend line. once i see rejection from the resistance level i will short the pair with TP at the next support level

Namcapital

The pair has been respecting a strong downward trendline . therefore i expect it to retrace slightly before a continuation of the trend .

Namcapital

My previous forecast on XAUUSD has came true . the price is currently facing some rejection at the strong resistance level of 1516. i would wait for a false breakout before going short on this pair . if the pair successfully drops i would expect a drop to the level of 1486 where it is a strong support line

Namcapital

The pair has broke out the ascending channel and is having a bull Run . Should the pair breaks the strong resistance a bull run is to be expected . however if the resistance cannot be broken an retracement back to the 1483 level is to be expected. For now I will be scalping gold on a low lot size due to its low lot size

Namcapital

The pair has Been in a downward channel based on the 4h timeframe . it has made a breakout . Should the pair break the 1.3000 strong resistance the pair is expected to increase to 1.35000