Gold can go down towards 1200 level if fail to break important resistance key point. Here is future prospective of GOLD trade in adverse scenario if gold crosses 1600 level.
GBPUSD trade will go for buy if support @1.3750 will remain intact.
XAUUSD trade running in range bounded platform. Small position with limited target is effective for scalpers.
GBPUSD will be on the but side until it stays above 1.3700 level.
For short term, Gold will be at short to get high momentum. Trend will be bearish until it is under 1765 level. Stay with small position if you are on sell side.
Trade will go for 1660 level if 1677 level break.
XAUUSD will go for short from 50% Fib.
Strong USD with strong employment and unemployment key data will pressure on GOLD in coming week.
XAUUSD will be in bearish mode and can hit 1649.0 level.
XAUUSD trade can go down in two suggested pathways. It depends on fundamental situation and traders' sentiment. If 1707 level is break then it will go straight downward.
Potential buy entry point for BTCUSD trade. KEEP one position @ 33000 and second entry @30000 level.
GBPUSD WILL GO FOR CORRECTION PARTIALLY It can extends correction 1.3780 level and full extension will be 1.3250 level. if you like this idea then thumbs up
Key entry points after partial pullback which will be 1760 and full Pullbacks 1780 level. INTIAL TARGET WILL BE 1700.
Broad Spectrum ANALYSIS OF GOLD IMPORTANT KEY POINTS; If 1745 LEVEL BREAK THEN WILL GO DOWN TOWARDS 1680. If 1789 LEVEL BREAK THEN IT WILL GO TOWARDS 1837 LEVEL. If you like this idea then thumbs up.
keep it mind that the trade will be under pressure. Go with appropriate size lot.
RANGE BOUNDED TRADE WILL BOUNCE BACK AND FORTH BEFORE GETTING ON WAY DIRECTION. BEST TIME TO GET PROFIT WITHOUT ANY BIG LOSSES.