XAUUSD 4HR Analysis UpdateGold took a tumble mid week down to $2,495 which saw it respect the same dynamic support level and 50 ema for the second time in the last week as we saw last thursday, as price is now respecting this key level and ranging between this and the all time high with gold teasing a break above the resistance with the bull trend still intact in a continuation play its likely we will soon see new all time highs unless gold breaks the key support, closes below such and the floating dynamic ema whilst invalidating the market structure.
Going forwards I can see price still ranging between the lower $2,500's with perhaps a lower high in the smaller time frames created around $2,506 as a short term target before aiming for longer term target of $2,550 and so on.
Forexcourse
AUDJPY Potential 120 Pips to UpsideAnalysis > AUDJPY Potential 130 pips to the upside 📈🚀
Fundamentally I want to buy AUD, to get in I see a flag on h4 and sitting on 0.618 fib near structure support. RR would be around 1.1.45
#forex #forextrading #marketstructure #forexcourse #forexsignal #forexasia #forexmotivation #loveforex #hedgefunds #tradebinary #forexmentorship #forexsouthafrica #forexstrategies #forexdubai #forexprofits #foreignexchange #wealth #bitcoin #eurusd #usdchf #eurjpy #usdcad #freeforexsignals #usdjpy
Chart PatternsSAVE THIS!This Educational Chart Pattern will help you everyday to see where the market can change direction,and when to place your order.
Where to place your entry,Tp and stop loss.
And before placing a order you need confirmation.
Please give a LIKE & COMMENT if you find this usefule!
SHORT LONG SHORTThe pair has produced some great reads after the open just a couple hours ago, a major key level triggered a pending sell, to follow a pending buy at key level, trend-line to the upside on the third bounce and covered by the 61% FIB. The -27% FIB ext also sits perfectly on the overall bearish trend-line to to the downside for the final pending order for the larger move of the three.
Check out my book on amazon for more trade analysis help - 10 Step Guide To Forex