Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GOLD XAUUSD 1H time frame 🥇
Earlier on Sunday, I shared a completed head & shoulders pattern on Gold.
Its neckline was respected and the price bounced from that, setting a new historic high.
That same neckline is now a perfect base for a new head & shoulders pattern.
The plan remains the same, if the price violates and closes below that
a correctional movement will be expected.
2️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
GBPUSD looks weak and shows a clear signs of a strong overbought state.
We see a breakout attempt of a rising parallel channel at the moment.
Daily candle close below that will trigger a correctional movement with a high probability.
3️⃣ DOLLAR INDEX #DXY daily time frame 💵
Dollar Index shows clear strength after 2 recent US fundamental releases.
The last obstacle for the bulls is the underlined blue resistance,
its breakout and a daily candle close above will trigger more growth.
4️⃣ #EURAUD daily time frame 🇪🇺🇦🇺
It feels like the pair is returning to a global bullish trend.
The price has recently retraced and perfectly respected the underlined support.
With a high probability, we will see a test of a current high soon.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.