We can see price is in support and formed 2 daily Doji candles which can be a sign of a trend reversal or a pullback.. Either way, I see Gold going up.. Will have to wait for confirmations on lower timeframes
We have had a breakout and price is looking to retest
Currently seeing a pullback on the DXY which means the XXXUSD pairs are pulling back too I see a head and shoulders forming but will have to wait on price action for this to be confirmed
Looks like we have had a double bottom on GBPUSD on the MONTHLY.. Price has broken resistance and i expect a retest of the neckline before continue to go to its next resistance level.. We can probably expect a big retracement from the next zone but we can take profits at that area if we choose too
Wait for price to give us the direction of the next trend
Looks like a small pullback before a short to support
Looks good to short... currently in a pullback i believe
Potential head and shoulders forming on EURUSD
This can still be taken but you will find a better entry on a lower timeframe
Price is heading to its monthly resistance zone.. just keep buying
Last week I completely looked at this wrong and said its a short without looking at the higher timeframes.. we can clearly see the support and resistance levels on the weekly chart plus a head and shoulders pattern.. this is a long until a key level is touched
As we can see from this weekly chart GU is respecting its previous support and resistance levels... dont short this pair until we see a clear break in the trend