JeffersonTrades

JeffersonTrades

We saw a resistance around the 1.2777 region which previously served as resistance, after seeing a head and shoulder formation with clear signs of weakness, I've decided to short till 1.25652 region which is a strong level of previous support.

JeffersonTrades

We are likely to see a downward continuation on XAUSD, It currently seats at the 1790 support level level 1808 is the nearest level of possible resistance which may serve as a push for a long or short term sell

JeffersonTrades

Our approach will be reactive rather than predictive here, price is currently at level 1.32839 which served as a level of support for the December 21 rally therefore seeing resistance around this level will suggest a possible short term rally

JeffersonTrades

Gu is likely to sell till level 1.3200 which served as a level of support if it fails to break above level 'A' 1.34432 which served as a region of support and resistance last week

JeffersonTrades

I'm expecting a bullish recovery on Gold but anticipating a possible range or support from previous level of resistance 'C' for now, I wont be making any trade decision till I see a reaction above or below level A or B.

JeffersonTrades

I'm expecting a bullish recovery on Gold but anticipating a possible range or support from previous level of resistance 'C' for now, I wont be making any trade decision till I see a reaction above or below level A or B.

JeffersonTrades

On Monday I analyzed and decided it would be best to wait for reaction above or below region A or B as marked on the charts, and truly, it was the best decision I made on USD/CAD why enter a trade when you can wait for confirmation before doing so? We saw a break and retest above structural level A as marked on the chart which indicated strength in the pair...

JeffersonTrades

Gold is currently in an uptrend with signs of weakness below structure on the 4 hour timeframe around 1841 and is likely to sell around either level 1 or two as marked on the 4H timeframe.

JeffersonTrades

This would make for a good buy scenario considering the break above and retest above structure on the 15min timeframe.

JeffersonTrades

USD/CAD is still in a downtrend and still showing no signs of recovery, we are currently seeing signs of weakness within the AB region as marked on the chart, for now the market is likely to continue downward to level 1.2370 which served as a previous support. we may expect a break either above or below structure A or B for now, I won't be making any further...

JeffersonTrades

Gu has been bullish for the most part of this week and considering price action around where it currently seats, I anticipate it to drop to the level of support where it begun on Monday to make any further decisions.