US30 has been respecting a trend line on the daily for a few days now. This has also formed the bottom of a rising wedge. With the first vaccines shipping out this week we can expect the market to react positively.
Last week gold pushed through the 1850 floor that it had been testing since September. It found support around 1760-1770 and now appears to be retracing back to 1850. Looking to short back down to 1760 with a Long term general target of pre-coronavirus levels in feb-march
Gold finally broke through a strong level of support around 1855/1860. Anticipating a move down to the last level of daily resistance (before it flew up weeks ago) around 1820. It is currently showing exhaustion at 1831 on H1 timeframe so it is possible we’ll see a pullback to 1850 before dropping, however it is only Monday so we have the rest of the week for the...
Gj broke through previous resistance and looked like it’s finished retesting. Currently trending up so looking to buy in the upcoming week. If it falls back under the zone I’ll start thinking about selling to the trend line.
