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maximoney1 maximoney1 XAUUSD, D,
XAUUSD: Decision time on gold bull
29 0 0
Decision time on gold bull

Price has now carressed the uptrend support and set up very nicely for the FED fomc soundbites. A confirmed break below the support, suggests the current bull has finished, however i favour explosive upside in the months to come. Potentially, it could be held in the triangulation until as late as mid October, but thereafter wont look back. Critical times indeed.

maximoney1 maximoney1 GBPUSD, D, Short ,
GBPUSD: Cable looking short over several timeframes.
46 0 2
Cable looking short over several timeframes.

Cable looking like a developing short over several timeframes. Initial reaction within the current mini uptrend should provide the first clue. A breakdown below support, might suggest that continued weakness could prevail until reaching the lower triangulation support line. The 'shallowness' of the triangulation might suggest that this could play out over an ...

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