Gold is at a very tight range and is pricing in a heavy upswing in U.S Stocks for SPX. There are zones underneath where the 3 bottoms are but there's not enough price action to create a new zone. That means that those three bottoms could be easily broken for a 100-150 pip short movement if stocks start off strong next week. If the zone breaks to the upside there's...
We have reached an important daily supply zone which is currently causing sideways movement before a likely drop. The 30 minute demand zone is an important place to break through and will likely try to crawl back up and consider it resistance before a strong downwards movement. It’s a 20 pip stop loss and is very low risk.
This pair is extremely biased towards the upside. Monthly targets are long and healthy and ready for several high volume movements with a range of about 900 pips. The arrows are potential movements and are there just in case the bullish bias doesn't pay off and fails, you still have very healthy and long sell targets to take advantage of. I also noticed a stop...
Its a lot to look at, mainly trying to come up with good entries at the top, we are in the middle of reaching a newly made Weekly Resistance marked in the red line. However there will be a struggle as the daily zone marked in the blue will propel prices ( probably resulting in a double top). All of this will shift the trend and create a brand new downtrend....
Price Approached the Monthly Resistance level and turned back sharply towards the bottom of a Weekly Support level, price headed up towards two daily zones with heavy resistance towards the upside, indicating that this will likely be the last time we see price at this important topmost monthly resistance. A short here would grant 54 pips.
