Perfect setup for Gold right now. Price has pushed down to the zone/support area with the current candle being a bullish one. I expect price to continue up to the next zone. I will be holding on to this trade until then.
This pair has been in a downtrend and has broken below it's most previous support level below the 50 EMA. Now that price is back at the zone and still below the 50 EMA, I will be looking for shorting opportunities for this week.
Price is sitting below a level that was previously support. Price has retraced back to that zone, and price is currently building momentum to continue down to the next zone which I believe that will be the around 1.19400 area. Should see in a week or two.
After hitting the first take profit, we have the same exact set up in the most recent zone. I see a perfect opportunity for sell orders. I am looking at the next zone as a level of Take Profit. It will probably take a week or two to hit the level, if my analysis are correct.
Price has failed to continue up and now we are looking at shorting opportunities. Price has pushed down and retraced up the zone outlined in green. I believe price will continue down. to the next zone.
This pair has been pushing down nicely, last week was the large pullback. This pullback has pushed into a level of resistance that was once support. I will be looking for possible trend continuation shorting opportunities from this zone throughout this week.