continuation trade Stop Loss at 1203 Order at 1208 Take Profit at 1218
Double TOP on Monthly within an ascending wedge, a chart formation within a chart formation has very high probability. Double tops especially on monthly can easily go to 200%. States economy is not looking to good, and USD/CHF has been in a downtrend since 2000. 4 year correction, this will be a 2 year impulse to 0.85 - 0.75
Wait for breakout within this structure. Gold can go down to 1160-1170 from here it's at 1200 which is round number resistance. just trade what you see's happening from here, I have a stop entry order at the daily recent high, though between 1220 - 1180 will be trade LONG & SHORT
Long biased overall on GOLD, though i think market will reverse from here going down to 1170. then will close out trade look for a trade to the upside.
NZDJPY can retrace from here to the 80.00 area within next few weeks and possibly then a good LONG trade back up
Continuation setup, soybeans next week will rise to 1140. place a stop entry order on top of the high, that's most likely where all the short traders stop losses are will cause a break out to the upside. Take Profit at 1140 / Stop Loss at 1060 / Entry at 1080
Potential Soybeans move, may reach 1160-1180 then retrace to 50% on weekly and then another impulse up
I think gold can come down a little bit more but a safer trade would be a stop entry order on top of the high, if gold can't establish a downtrend there is a potential trade to 1300-1400 if trading long term
Gold can move up to 1224 after this 4 hour bar close.
Euro is in consolidation currently, place entry 1 - 5 ticks above high and straight to 3400, here there may be a rebound and then possibly up to 3500.
Wait for pullback, then short to 1195. if shows reversal at 1207 close the trade
Gold Retraced to 50% of Fibonacci, high chance can go to the next S/R level, watch out for S/R at 1200, although it has a chance to break it tonight.