Do not be afraid to trade what the market presents to you. This is a numbers game and you have to take those calculated risks in order to win.
Hey traders, Looking at XAUUSD here and taking my bias of the DXY into consideration, I expect some sort of correction on XAUUSD before a continuation lower but if we break the low created around $1800 I will be looking to open long positions. Thank you for all your interaction with me. I really appreciate your likes, comments, personal messages and you following me.
Good day Traders, Herewith is my weekly forecast/analysis on DXY. I would like to see a strong DXY, we are currently sitting at support and for me to believe in Dollar strength for December, I would need to see a strong bullish candle as indicated by the bars pattern off this support that we are sitting on. A break of the support would see a sore journey down to...
I've been quiet but here is a little nugget for the coming week.
Corrective Structure in confluence with a support level, I'm projecting some upward price action but this is the markets and we should always be prepared for anything to play out.
I have taken a position on EURGBP, just posting for my record.
The black lines mark places where I'm interested in taking positions, they are also highs and lows from the last two weeks.
Everyone is expecting a drop, based on what I don't know. Technically it looks like it wants to go to the upside but there's a major supply zone standing it's way. So here's the scenario; a break above the supply zone will see us trading higher to our all time high (resistance) and a break of that area could see price going towards $3770. Mark my words. NB* Red...
NAS100 is currently sitting between what I consider a pivot and a resistance which seem to be turned support in a bull flag formation. A break of this flag will see momentum shooting up to the next resistance zone and eventually so our supply zone as well.
EURGBP broke our of a falling wedge impulsively, I am expecting downward momentum.
Here I've plotted key support and resistance levels for you to look out for.
Gold, expecting some bearishness to it before a massive rally.