USDCAD Monthly Supply & Demand chart. Current supply being tested. Fair price target of 1.40 achieved. For this pair to carry on its bull run I'm looking for a break of this supply to target 1.43117. From that area I'll look for a close outside this supply zone. If price fails to close outside this current supply I'll add more short covers to target 1.30-1.282 zone first.
Supply and Demand levels current at 7th December.
Previous Supply areas held and worked as expected. Currently found support @2.03386.
Waiting for price to give me options to apply more compounding shorts.
As a long term investor of Gold Spot I'm still looking to add good long term buying opportunities.
I'm currently compounded short from higher up and looking for a break of the current support of 1052.65 to target 1044, 1040, 1030, 1025, 1000 and possibly 953 based on Monthly Demand zone.
I've been short Spot Gold (XAUUSD) for the last three years. We've been trading within a wide range for some time now and I feel global conditions will force investors back into this market. My view shows one last push to the downside to target Demand Zone to achieve 1080-1000(A). I believe we'll see a spike from this point and a reversal of the overall trend to...