GOLD retraced back to the trendline (lows 1180 and 1194) and has performed a four days run to the upside. The price isn’t so convincing because the daily candles have very small range. However XAUUSD is facing an important horizontal resistance which we may call it “make or break”. If price breaks out, then the next resistances are 1248 and 1262. There are good probabilities for sell opportunities if price manages to climb to these areas. On the other hand, if price breaks out the rising channel to the downside, then GOLD may see the lower trendline again.
Good Morning , – EUR/USD reached a 2-week high at $1.2868 , EUR/JPY cross rose at highest levels since May , at 106.25 . – After failing to reach and agreement on Greek debt Merkel has issued a statement where she is confident there will be a deal reached next Monday. The failure to reduce the […]
This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is a confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) […]
Good Morning, – Euro trade well above $1.35, as uncertainty in US still on play… – Asian stocks fell, with the regional benchmark index extending last week’s drop, as U.S. lawmakers wrangled over the debt limit and partial government shutdown. – Japan’s Nikkei -1.22%, Hong Kong’s Hang Seng -0.79%(07:20 GMT), Korea’s Kospi -0.13%, […]
