Looking For Gold Shorts around 1520 area.
"There must be buyers, in order for there to be sellers"... so with that in mind, I am factoring in the fact that Gold dropped 300 pips yesterday.
AS OF TODAY, Gold had seen price wick down toward 1500 before USD News release came out today before making a small rally.
Tomorrow, we will have more News release however...
Price has almost done its full daily retracement.
Price entered this zone again that has been acting as demand/support.
No candle close below this zone.
Potential double bottom at zone and overall bullish trend continuation.
Price has been consolidating between this 2 levels from a couple weeks ago...
Waiting to see how price reacts or rejects on this ascending trend line...
Price has been seen rejecting this .25000 region for some time now...
LETS SEE WHAT HAPPENS...
THIS COULD BE A POTENTIAL INTRADAY SET UP NICELY.
LOOKING TO SEE IF PRICE BREAKS THIS ZONE TO THE UPSIDE OR IF WE HAVE MORE WICK REJECTIONS WITH COULD BE POTENTIAL SIGNS FOR SELLS.
PLEASE REFER TO CHART.
WASSUP FOREX COMMUNITY...
QUICK ANALYSIS ON #XRPUSD
-3RD TOUCH AND BOUNCE OFF THE WEEKLY/DAILY TRENDLINE
-3RD REJECTION INTO ZONE
-REJECTIONS INTO ZONE ON LTF
-NO CLOSE IN ZONE
WAIT FOR BREAK & RETEST OF ASCENDING TRENDLINE
What’s Up Forex Community...
Been a long time, however #ForexFargo checking back in.
Analysis is on #GBPAUD today.
Will Be Looking For Long as long as...
Holds as Support Zone
Wait for Price Action confirmation
Price has potential to stop hunt & wick off @ A Daily Low level of 1.80550ish for Premium Entries (aggressive)
Wait for 1hr closure above zone for...
Good Afternoon Traders! #ForexFargo checking back in!
Apologies that it has been quite some time, but I needed to take time off and refine my craft!
Today our analysis today is on #GBPJPY!
I believe the overall trend is Bullish.
This past week, we have seen price rally from our Monthly Support Level of 144.000 toward our Monthly Resistance Level of...
Good Evening Traders, #ForexFargo checking in!
Today our analysis is on USDMXN.
Please bare with me as I have never looked at this pair and this is my first analysis.
The overall trend is Bullish indicating strong momentum.
Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips!
Weekly Resistance Level is set...