As drawn on chart. The price is hardly try to break out significant support and resistant line that probably would make the price go down into 95.00 key level. #tradeideas #keepitsimple
Gold are possibilities going to tested 1390 again. Wait and see the suprise. But it would be go down due to NFP data realised were too good than expected.
Range market next couple of week before shoot down? Let's see.
The gold has been rally recently and the prices in the middle of decision point. The price would be tested the recent high before make a pull back then the rumours several US interest rate hike would push the price down to the last lower low. So the sentiment of the prices would be neutral for a while before any economic data published could push it be higher or lower.
Just trade as usual. Waited, spotted then make a entry.
The price would be tested again at level 1.15300 - 1.15400 and then does the price really makes retracement before its shoot up higher?
I spotted very nice setup on this pair. Waiting for sell opportunity.
As you can see the chart still in progress heading to 114.500 price level and perhap longer than that where are the pull back would go first to significant support and resistance level as drawn on chart before retested 114.500. FOMC definitely would bring these pair goes up to the moon.
The pair would be traded in consilidate market due to Italy budget and France political uncertainty. The news coming weeks does not volatile the market due to big holiday are coming up. Looked at very significant price level where the resistance level at 1.14000 and support level at 1.12000 would be great to waiting to this price level before making any entries.
Pound and Yen has been strong donwtrend recently and possibility to go long for while to retest the previous high before continuing the downtrend. I look for the short entry and awaiting the setup show up.