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The_Forex_Insider
About me Independent FX & Commodity trader with experience within the FX brokerage industry. Joing telegram -> https://t.me/joinchat/AAAAAE5lp9Dss3GNl17WpQ
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Markets Allocation
77 % forex 5 % indices 17 % other
Top Mentioned Symbols
EURUSD 24% | 18 AUDUSD 15% | 11 GBPUSD 15% | 11 XAUUSD 13% | 10
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Fresh low potential for gold
XAUUSD
, 240Short
XAUUSD: Fresh low potential for gold

Gold tumbled to fresh flows due to broad optimism in the markets, below $1770 mark. At the moment managed to find some support on the monthly S3 at $1779. Waiting for continuation and eyeing positions below recent lows at $170 with targets towards S4.

GBPUSD heading for key resistance level
GBPUSD
, 1DShort
GBPUSD: GBPUSD heading for key resistance level

GBPUSD heading towards key resistance level with final impulse wave. Expectation is that sterling will reverse and head towards support trendline.

EURUSD breaks above 12 year trendline
EURUSD
, 1W
EURUSD: EURUSD breaks above 12 year trendline

Over the past few weeks, EURUSD has broken above a 12-year trendline and so far has managed to stay hold its gains above. Should it maintain above, a long towards 1.22 could be potential. Vaccine and Biden administration transition optimism to push higher.

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