Price is above 50 & 100 MA we may expect upward movement till the resistance and then pull back . Do comment on the idea
Gold is trending upwards amid Ukraine/Russia Conflict and High Global inflation . XAU Japanese candlesticks making LH and HH suggesting mid-strong uptrend. Investors focus is shifting to safe heavens in these uncertain circumstances. Technically Gold Chart is hinting strongly for up trend. Traders Focus should be Buying on dip with stop loss below the last...
Gold chart has formed head and shoulder pattern. Right shoulder is down then the left shoulder. Technically this indicate downward movement. Breaking of support below 1888 will confirm the downward breakout. I thinking to short from the higher levels. Like the idea? Do comment.
We also have to watch the Gold Movement plus Current Ukraine/Russia development which is fundamentally driving the pair. With any relaxation in the situation, the above scenario will be more valid. Also price testing the daily descending trendline near the current double top at 4H chart. I think reversal from the point. Its not financial advise . Do comment on the idea
Like the idea or not, do comment. Watch out Ukraine/Russia conflict development
GBPCAD touching reaching out the daily descending trendline , which is downward. I think price reversal from the resistance. Please comment on the idea.
FX:GBPCAD GBPCAD reaching out near the Daily Resistance line. I am Expecting short entry and move downward from resistance