jordi1397

jordi1397

From my previous analysis on Gold, we had a resistance trend line, indicating a change of trend. Today's analysis show the resistance trendline still working and price rejecting at a structure Zone.

jordi1397

From my analysis which started from the weekly Timeframe, I observed that break above the 1.27241 Support zone, which has been retest since July when the break happened. Now on my Daily Timeframe, you can clearly see the pull back gradually happening. Price is coming back to retest the 1.27241- 126641 area, which has always been a support zone.

jordi1397

From my T.A I was able to find the demand price and hope for the bull to keep supplying

jordi1397

Potential Price movement

jordi1397

From my analysis I can clearly state out the new rejecting zone for this pair. Hopefully we expect the respect of this zone for a sell for the rest of October.

jordi1397

Around the first of October, I publish an idea on this pair. This is the follow up of the trade.

jordi1397

This clearly show the end of the intended brake above the 1.17914 area... we should expect something better to the down side of price, for potential profits.

jordi1397

Double Top Confirmed

jordi1397

The pair has gone to retest a strong structure area 1.29031-1.29013, whisch has been relevant in past up to 4 times. so now we wait for our entry around the above area for a sell down .

jordi1397

From my above analysis, I feel that market is gonna create an HS pattern, in accordance to the weekly time frame.

jordi1397

The bulls are taking a brake on the indicated zone before continuing up wards before the bears step in fully. (this is just my analysis, I won't advise to take trades without personal knowledge)

jordi1397

Virtually self-explanatory

jordi1397

from my current analysis i have been able to get the hint of a likely movement from the market. GBPUSD broke my trend line and now retesting a resistance zone

jordi1397

From what I have on my Screen I think the sellers are about to step in

jordi1397

So I have been following this pair for a week now and I have seen it end in an indecision, best ideas would be coming from the brake of both zone.