jngforex

jngforex

Good afternoon all, Hope you're well. I'm tempted to try a bullish swing trade this week, as it's not often that we get FOMC and NFP in the same week, along with what looks like a clear bullish higher timeframe market structure. What do you think? To me, providing the fundamentals allow, price looks primed to head back up to the 2400 levels and beyond when...

jngforex

Gold finished the week relatively bearish towards a key support zone which has held previously. Use this as a key zone to determine whether price indeed holds again and reverts back to the upside, or whether it breaks through to target further liquidity below.

jngforex

The bottom of the descending H1 channel was broken yesterday down to the low of 1809. After the initial pullback to the 1817-18 level, gold subsequently continued back down to the 1809-10 level again and during NY session proceeded to have mini pullbacks to the 1813-14 level on three occasions, each time reversing and coming back down. Therefore I see the 1800...

jngforex

The bottom of the descending H1 channel was broken yesterday down to the low of 1809. After the initial pullback to the 1817-18 level, gold subsequently continued back down to the 1809-10 level again and during NY session proceeded to have mini pullbacks to the 1813-14 level on three occasions, each time reversing and coming back down. Therefore I see the 1800...

jngforex

We have an interesting break of the 4H channel to the upside. My annotation on the chart explains my analysis as to what may occur next week. Let's see what happens on Sunday night market open.

jngforex

Whilst drawing this wedge on the candle bodies, it is interesting to see that gold has potentially already started to break through it to further upside from Friday's final closing bullish candle. If this bullish momentum continues on market open tonight and throughout the Asia session, then if price can break through the initial first resistance of the 1870...