I AM EXPECTING A BULLISH MOVEMENT FROM THIS PAIR,
AS YOU CAN SEE IT HAS BROKEN THE PREVIOUS WEEKLY DOWNTREND AND FOUND RESISTANCE FOLLOWING NFP EVENTS ON FRIDAY.
IT IS COMING DOWN FOR A RETEST AND ALSO FOUND SUPPORT AT THE DAILY ZONE, IT HAS ALSO CROSSED OVER THE 200 SMA WHICH IS ANOTHER INDICATOR FOR A BULLISH MOVEMENT ON THIS PAIR.
IM EXPECTING WEAKNESS IN...
EXPECTING A RETRACEMENT FOLLOWING FRIDAYS NFP.
THE RESISTANCE LEVEL HAS TESTED MULTIPLE TIMES AND EACH TIME PRICE HAS BEEN HELD DOWN.
AS YOU CAN SEE PRICE IS IN A WEEKLY DOWNTREND, I AM EXPECTING IT TO CONTINUE AND FIND SUPPORT AT THE 200 SMA AREA.
STOP LOSS IS TIGHT
RISK REWARD RATIO IS 6:1
my thoughts going into this trade
gold is currently too high and we should be expecting for it to fall. I personally believe there will be more continuing cuts to proceed following yesterdays(18/09/2019) FOMC speech. I expect more cuts to be made, further weakening gold. Over the next couple weeks i expect gold to be correcting itself.
potential breakout for a...