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, – Euro on defense, trade around 1.38 level, as tensions over Crimea come again on play. – Japan’s Nikkei 1.77%, Hong Kong’s Hang Seng 1.91%, Korea’s Kospi 0.55%, Australia’s ASX 200 0.15% and China’s Shanghai 0.91%. – March data signaled further marked growth in Germany’s private sector, with the seasonally adjusted […]
Yesterday, DAX was volatile and troubled the intraday traders. This is just an indication on what is coming in next days. We should have in mind that within the Easter holiday liquidity will be low; therefore, sharp moves in intraday are expected. In addition, the French elections will take place on 23/4; the market will […]
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) […]
