Here is my analysis for next. According to this months candle closing, I can confidently say we will aiming to drop to 1.25 area as shown in the chart. Estimated time to get this target is 1 month. Good luck! P.S macd on the weekly has turned very bearish.
Bearish divergence on the daily chart. Possible targets 1.28
1.2840 is a confirmed target. We can target 1.2970 (top of bullish flag) and then continue down or drop without testing 1.2970. Make sure you have healthy margin if you’re going to follow this analysis.
Here is H4 gold analysis. Yes I believe we have enough bullish power to reach 1490 next week or the week after. Buying dips is a good way to go about it. I have been busy lately so couldn’t sahre much analysis but here is short term targets: gold: 1490 long, Oil: 56.40 short and GBP/USD: 1.28 short.
I posted this chart a week ago and today our confirmed target 58.60 has finally hit. It dropped to blue line as expected and rallied. Let me know if you took this trade
Despite all this bullish move, I’m looking ahead and all i see is a drop to 1.22-1.25. The reasons for this is of course general elections which of course if Labour wins, GU price will drop by -2% and then there is brexit which we all know is less likely to get sorted out by January. We will probably be getting brexit extension for another century. Let me know...