Short Bias on Gold CFD. Fibbonaci 38.2% to 50% held as resistance. A break of 1142.40 support, Down to 1100 would be target #1. target #2 would be 1142.40 would serve as resistance (previous support) down to target # 1042.01
Expecting a break of 4hr counter trend line, down to our Fibonacci Extension target at 124.00 price point
Expecting a bearish break of 4hr counter-trendline, retest and break down to the weekly trendline down to our Fibonacci extension target of 124.00
Possible shortside short term outlook on USDCAD before or during nfp
Possible AUD Push to 50% to 61% Fib retrace before making its way down to previous swing low & with momentum a bearish breakout
Short term downside potential on the Gold, AUDUSD broke lower on Cash Rate & Trade Balance numbers
Mundane Monday... Once Smart money gets in the markets we could see lower movement
The 1.14 the level has held as solid resistance. The previous candle has attempted a push down to the last swing low, and shows signs of dropping. If it does it will push pas 1.1097 with little effort down to 1.09 (or lower) and possibly bounce to 1.10
Long term (Daily) Fundamental Look at possible EURNZD move, watching 4hr confirmation. ABCD bear Fibonacci formation. A = 100% B = 0% C = 61.8% D1 = -38.2% (Target #1) @ 1.4279 D2 = -61.8% (Target #2) @ 1.3955