Gold is contracting a bit and I am looking for a break either side.
I still have an open long position here - I want to follow a break to the upside.
If it breaks to the upside I am targeting $1420 on OANDA:XAUUSD
So GDP numbers caught a lot of people off guard and the Raant is now tanking.
On the daily chart it now really looks like it can go pretty far up.. we could see the OANDA:USDZAR up at R15.80 to the USD pretty soon
The SP:SPX is continuing the down move - with first sign of support at 2700 odd. What makes it scarier is the double top formation.
Hard too see what will stop this with all the trade wars going on...
I am too late for this move - missed the trade. Will look out for pull backs - and see if there is another opportunity..
Eth move fast into a pretty strong resistance zone - however it did not drop hard and is hovering around forming a potential bull flag.
If we see a break higher it could target $375 area!
Let see which way it breaks!
The last move had some good volume behind it, tried to retrace a bit but came up very quickly.
If the setup plays out it can have a good little run from here as well - I am not clear if I will take a trade..
Thus potential long on BITFINEX:ETHUSD
Although the FX:GBPUSD has been recovering last few days I believe the longer term trend will hold and we may see a drop coming over the next few days or 2 weeks or so.
With all the Brexit talks going on this could be the catalyst.
If we clear 1.29 I think the trend will be broken and will be looking for some longs from there.