Spot Gold to U.S. Dollar 1850s area was the last support last time we were at these levels. Any lower will most likely try to find support from high liquidity levels to launch a rally to 2100 . All signs point to Gold being bullish with increased implied volatility due to macroeconomics , election , and many other factors. Goldman Sachs increased their...
Use Proper Risk Management Steady leg formed below trend support - false breakout or possibly a two-legged breakout bulls exhausted as they tried to pushed above implied key level to keep momentum but failed Expecting big bear candles to around the previous support where bulls held Then retest to the breakout of the local descending triangle where bulls are...
Looking to see gold breakout of triangle and retest then short to 18xx
Use Proper Risk Management 101 PIPS TP1 @ 0.6092 - 52 PIPS TP2 @ 0.6043 - 49 PIPS FX:NZDCHF Sell Limit @ 0.61445 TP1 @ 0.6092 TP2 @ 0.6043 SL @ 0.61541
Strong Uptrend Channel Idea 1: Consolidates some more (decently small range) then trend up to resistance line Idea 2: Consolidates then medium-big sized bear candle, retest to support then next target @ FX:EURNZD 1.76518