There is a great BULLISH setup on the Gold Monthly chart. It's a long-term trading opportunity.
There has been a descending trend line which has been broke to the upside and re-tested. The market has bounced off this trend line with force.
A strong area of resistance has been re-tested many times. The price moved strongly above this area and is about to...
This is on the monthly chart and very reliable .
NAK is nearing a total breakout of a descending trendline in place since 2012. In confluence with this, NAK has been staying around it's floor price for months now. It looks ready to launch from this base.
TP #1 = 1.15 (should be easy to reach)
TP #2 = 2.50 (likely to be reached longer term)
GBPUSD has fallen down to strong support on the daily TF near 1.2434
There is a prior horizontal resistance level which is now support. Also, price is at trend line support which is likely to hold. There is a confluence of support at the current price level. So a move higher is very probable.
TP will be at the prior top at 1.2675 (241 pips)
SL below the nearest...
The monthly chart on XAUUSD shows a great BULLISH setup.
A horizontal support level around the $1955 has been broke and confirmed.
Also, a descending trendline support has been broke and confirmed.
Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high...
On the GBPUSD 4 Hour chart, there are multiple indications that there will be a bullish move soon.
1) There is a bullish 3-Drives pattern. Price should move higher to at least the 38.2% Fibonacci level.
2) There is a trendline which has acted as resistance and tested multiple times. It is likely to attract price and be tested again.
3) Stochastic (default...