I’ve seen a few posts on gold and they are fairly mixed. If the trend is turning down, on the one hourly it’s looking like major resistance to me. What are your short term thoughts?
Just a quick draft of EUR chart.
As we continue to see the uptrend continuation on daily and hourly, the market is approaching key levels that may potentially attract sellers if price doesn't respect significant support levels. Buying dips for now until sellers show they can overpower the buyers. i.ibb.co pixelfy.me
The ES Mini is trading at significant resistance while still not violating the uptrend. I'll be watching how order flow acts around the upwards trend line.
I'm watching NZDUSD on a longer term chart for my short validation. I'm currently short from 0.65775. Looking at the daily chart, if resistance holds I'm looking for a target of 0.62490. Would love to hear your thoughts on this so please feel free to comment or provide another outlook!