#Gold: Creeping upwards within a small channel. A sustained break of 1740 needed to take price to the next supply zone 1760. Should price break downwards of the 1725 demand zone, then 1710 will be the next target for the bears.
#GBPUSD: Having bounced off the ascending trendline @ 1.38, cable is not expected to rise to the top of the channel. Sellers are expected to come in @ 1.4240 & 1.4375 where price may take a breather before heading further up. Intraday dips should be seen a buying opportunities which price remains above 1.38
#Gold: Sitting at the bottom of the wedge is a good place for a long. Will wait for price to give a signal before diving in. Stop will be placed below the last low with a nice long target aiming for the top of the wedge.
#EURUSD: Price broke through the 1.2175 zone decisively turning the supply zone into a level of demand. A test of it is expected & price should bounce higher towards the 1.2350 level where sellers are lined up.
#NaturalGas: Conflicting bias between the different TFs may have price moving sideways. The 4hr & weekly are bullish while the daily is bearish, so the preferred bias is bullish especially since the price pattern on the weekly is suggesting a bullish move to come. The $2.73 level has many stops below and a break of that level will give the bears the strength to...