OANDA:XAUUSD, FX:XAUUSD, FOREXCOM:XAUUSD
Monthly: The reverse head & shoulders formation has finally broken the neckline.
Daily: Previous reistance levels should now act as support including 1392, 1375 & 1367
Sell XAUUSD in front of $1375 & $1366
Stop loss at $1347
FX:AUDJPY, OANDA:AUDJPY, FOREXCOM:AUDJPY, SAXO:AUDJPY
AUDJPY is potentially setting up for a corrective move higher over the short to medium term.
Weekly: The price has fallen to a significant 61.8% Fibonacci support level. This has held on several occasions dating back to 2009, below here there have been a few reaction lows towards 71.94. There are some early...
Price created a head and shoulders pattern on the weekly. going into the 4hr, I notice market is still is an uptrend due to higher lows and higher highs.
Price at the moment connects with both blue trendlines with one of them acting as a bullish flag. Waiting for price to react off that according to previous...
Looking to short down to the $1359 area following the recent gains. Some consolidation may be needed before a bigger gain and confirmation of a bullish cycle on the higher time frames.
The political environment right now is sufficiently volatile to allow for further gains in Gold so it could be that the price will continue to ascend to the $1453 area next.
Strong trend analysis leading to a reversal and a rise in CHF JPY. SL: 108.169 and TP: 109.610 and TP2: 109.903
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