The momentum on Gold has been bullish as the USD pair has been fundamentally weaking. Technically, Gold has tested the 2020-2015 Support levels in the recent days and bounced back to the upside. looking at gold reaching another all time high in the coming days
Long position. the bulls have come back. a break above 30800 will lead to the tak profit zones above 31400
looking at riding the momentum on the 4 hourly to the first take profit zone
Market rested at the 1956 support in early trading hours. Bounced back and now we are at the 1960s resistance zone. from the previous days moves when the market rejects this position the automatic trend becomes bearish
On the daily time frame, the market rested at the 138.700s support and bounced backed but also rejected the bulls at 139.700s which was also a previous support. a break above 139.600 will lead to further highs.
GOLD shorts. If the pair breaks below 1940 the we shall move to 1917 level before proceeding further down. today we have volatile news so we ought to be careful
Bearish outlook on this pair. on the 1st of June on the daily time frame shows a long legged doji which indicated a reversal from the bearish momentum leading to a bullish pull back. On the 6th of June the market forms a short bearish candle indicating bears are coming back to the market
Short term bearish momentum; seems like correction from last weeks highs. a break below 139.200 might take us to 138.900 and 138.700. Good luck lads! we keep learning.
intraday buys after the short pullback on the 15 min time frame indicating bullish momentum is still available. we should be carefully as the intraday levels seem to be reaching overbought positions and bias can change
momentum is bearish line. looking for short trades today. riding the market to the two levels under the profit target area
Back to forex :) The lines indicate short term support and resistance. A move to the upside is expected before the market begins to correct itself from the over bought levels that we are getting into.
Personally I do not trade crypto but I am testing out my strategy on this. So here we go. BTCUSD is trading just above the 2700.00 support zone. A break above the 17300 will mean a quick 3 point shoot to 27600 zone before (perhaps) retreating.