Byusignals
GOLD: growth and continuation of the bullish trendAfter at the end of March the price bounced off the call to support 1677.63 (and did it twice with fixing at the level), it showed strong growth and formed a small upward trend. During this trend, the price broke through the support level of 1764.54, fixed on it and continued to grow. It is now at the 1775.31 support trendline. We can expect that the price will rise to the resistance level 1811.51.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
USDCHF: long on small TFIn March, the price touched the resistance level of 0.937 and began to fall in a small channel. This drop can be perceived as a correction to the long and strong growth that the price has adhered to since February this year. Now we can expect that the price will break through the channel line 0.928, fix on it and rise to the price level 0.931.
SL - 0.924
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GOLD have time to OPEN THE BUYDespite the fact that the price has been moving in a long downtrend since this summer, gold has been showing good growth lately.
I want to remind you of my previous forecast, which came true.
Having bounced off the strong support zone, the price started to rise. Thus, it is moving along the target that we discussed yesterday and still continues to form an upward movement.
At the same time, the impetus for such a strong growth was just a strong support zone. It consists of a level and a July 2020 support line.
All this together gives reason to expect further price growth. And I expect it to rise to the resistance line. And this is a good signal to open a buy trade.
I will never tire of reminding you of the importance of SL - this time set it below the price around 1815.68.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
