Failure to break 1300 will take this lower. Its a bullish cup and handle formation. A break above 1300 will rise towards 1320. However with the resistance at 1300 holding. gold sets for a handle formation for 1250.5 towards 1185--1200 level before a bullish rise.i am bearish.
Gold in a bullish cup formation. Next handle outlook. Failure to break 1300 will take it lower towards 1250.5 and towards lows of 1185--1200. A break above 1300 will take it towards 1320. I am bearish for lower lows before rising higher.
GBP USD failed to break 1.28 to rise higher. with that on January 15th is another Brexit high impact vote. GBP USD rose on a weak dollar index support only. With this January 15th impact ahead, I am seeing GBP USD to crash lower towards 1.2300. a break of 1.28 will take it towards 1.29 which has too many resistance overhead. I am bearish in this manner.
GBP/USD if it fails to break above 1.2683 and hold above then its a U-turn for lows with hard BREXIT is now in focus. However if it breaks 1.2683 and holds above then its ONLY a temporary rise towards 1.276--1.28 before dropping lower.
IN MY PREVIOUS CHART I MENTIONED THAT IF IT BREAKS THE RED RESISTANCE LINE THEN IT WILL HIT 1.27. WELL IT DID. CONGRATS TO BULLISH TRADERS.
Now expect this to crash to 1.235 minimum on a hawkish FOMC and Brexit Chaos.
GBP USD If it fails to break clear of red resistance line then the highs are seen. A break of red resistance line will take it towards 1.27 and if it fails to break then expect 1.235 minimum as FOMC ahead. My expectations is bearish,
If it fails to break above 1.2630 then it will likely crash to 1.235. A break above 1.263 can rally till 1.266 and above that for 1.2760. Based on the political stand of BREXIT at the current stage its heading for 1.235 crash. Cable will crash fresh lows.
GOLD-ROCK : it is only a buy and nothing else. observe the chart and you have a clear overview that it will rise higher. so Buy and hold and nothing else. Gold-will Bull higher. Trade safely and Gd Luck. Gold-Rock.
GOLD-ROCK : Gold-is still bullish despite the drop last week. Still if you notice the chart it made a double weekly bottom. With this i still expect a "MEGA Bull" rise towards 1374.9--1420--1470. Buy and hold at 1335--1336 at the opening and hold. Do not get trapped selling. Trade-safely and Gd-Luck. Gold-Rock.
GOLD-ROCK : Short further at 151.6--151.8 at any point in range. This will crash to 147+. We have been shorting this pair from the highs. Refer to my previous charts. Resistance at 153.9--153.8--153--152.5 and target 147+. Trade safely and Gd Luck. Gold-Rock.