kanyiso

kanyiso

Price has yet to break above 2,670 and the resistance around 2,640 should be a good target for a short trade towards 2,620. Remember to use a stop loss! OANDA:XAUEUR

kanyiso

XAUEUR has resisted on the price around 2,605 and due to the news it will be bullish throughout the week.

kanyiso

As you can see DJ30 bulls are pushing the price to 39,000. If you enter the trade at 38,850 then you can catch at least 100pips.

kanyiso

From the past bullish pattern of ascending wedge of EUR USD, it's looking like the same will happen either the end of the week or by next Monday. Worst case scenario the Bulls will keep pushing but judging by the current price since parity Bears will now be in control. Trade Safe :).