davidshinkel

davidshinkel Updated 

Very strong support trendline tested and rejected yesterday. Potential further strengthening of this pair to previous highs then possibly higher. Be aware of high impact USD news in about 12 hours.

davidshinkel

GU is still in the ascending wedge and looking to either continue the uptrend of break out to the downside. Based on GBP weakness my bias may be more to the downside but let's see how this plays out. Sell on a breakout to the downside & retest

davidshinkel

Another rejection at this Daily trendline. If US Dollar weakness ensues, expect gains on this pair.

davidshinkel

Based on technical Price Action this pair could see further weakness. Weekly candle close of last week looks very convincing for further downside.

davidshinkel

Based on this technical bull flag we could see the 1300/1310 level reached if current highs around 1290 are broken. Also with bearish remarks from the Fed this could give us the catalyst to put Gold back into the 1300 range.

davidshinkel

From the major trendline we can see a break and retest of former support, now resistance. Look for a continuation of JPY strength and downside on this pair.

davidshinkel

1260 has been significant support & resistance throughout 2017 and based on current technical patterns I believe this 1260 will once again act as a reversal zone and provide conviction to the downside.

davidshinkel

Based on the upper green zone, we have broken out of previous resistance (1260) and currently retesting this zone. If successfully rejected we could see a long opportunity on Gold

davidshinkel Updated 

ONLY sell if support at 144.10 is broken. Target 50% retracement

davidshinkel Updated 

As mentioned, WAIT to sell this pair until support (1.3500) is broken

davidshinkel

Looking at Gold we are seeing MAJOR resistance dating back to early 2016. I'm on the sidelines until further confirmation of a breakout or retracement.

davidshinkel

Wait for confirmation to buy with resistance broken

davidshinkel

Gold has finally reached multi-month resistance level of 1250. Expect sellers to step in.

davidshinkel

Bullish engulfing exhaustion candle finding resistance at 23.6% retracement. Look to enter using a buy stop above yesterday's D1 high with stops below the wick. 1-1 risk-reward or better

davidshinkel

Consolidation looking for a possible break to the upside. Recommended to use a buy stop to catch the breakout.

davidshinkel

Proper risk management 1-2% risk, stops above .7325