Hello guys, please take a look at my idea of a SHORT opportunity on GOLD.
So why lookup for a SHORT?
- Firstly from the Monthly perspective, we still haven't reached 38,2 Fib Retracement after the strong impulse that correlated with the first COVID19 wave, so it's expected to finish proper retracement at least to the first level of Fib Retracement.
- From...
GBPUSD - There are more strategies that are indicating that we should be looking for SHORT on GBPUSD. Firstly on Daily chart there is W strategy which we should be looking for. Second point is that we broke a trend line and there is also Head & Shoulders which is also indicating bearish environment.
At the moment we will be monitoring market and actually...
XAUUSD - from the Daily perspective we broke the triangle structure and from the weekly perspective we are also in bullish environment, where we expected after weeks of retracement, push to the upside. At the moment after we broke the triangle structure we should wait for a retracement at least to 38,2% of Fibonacci which will be around 1730 and then we will be...
