NATGASUSD failed to make a lower low and is testing resistance at 3.3
I'm already bought earlier this day at 3.21 with very tight stop-los but will add extra positions if it can brake resistance and move above the 10 Daily EMA.
I will update later on.
After a long decline OANDA:XAUUSD stopped making lower lows and lower highs. On the higher timeframe gold touched 76,40 retracement (2015 low to 2016 high)
Price is also slowly crossing 10 Daily EMA.
2 targets with stops around the last low (12/15) and S4 pivot support
We see gold is in a down trend since few months.
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling ...
I have placed a limit sell trade at 1.5186 for FX:EURAUD
- Strong resistance down trend on the daily timeframe
- Structure around that level
- RSI on the daily chart moving almost to overbought