JosephRodger

JosephRodger

Looking at gold, there is a clear resistance at around 1510, I am thinking if gold breaks through this resistance we will wait for the retest and then buy on this key area. If gold breaks underneath the trend line then we again wait for retest and then sell with a smaller TP, as I believe in the long term gold is going to rise due to the state of the macro...

JosephRodger

At a major daily resistance, forming an ascending wedge, if it breaks down bottom side of the wedge, wait for retest then confirm the sell. - Major Resistance - Over-brought - Wedge Breakout

JosephRodger

This is my first analysis quite excited to see what happens. Looking like a short on this pair. High RSI, double top on the neck line, broke and retested support, so looking for a short to the .618 fib level, TP at 107.623 and SL at 108.4, Risk/Reward Ratio: 3.4. Good luck guys!