Higher
GOLD 1D OutlookGOLD currently trading at a Key resistance and has previously made higher highs from failing to eliminate previous lows to continue down to 1200s, as the dollar makes lower highs looking for XAUUSD to proceed to a target of 1260, 1300s before coming back to retest its low.
Look below for DXY outlook.
Facebook Inc FB Head & Shoulders Cypher HH and HLFacebook for weeks now has been creating higher highs and higher lows in the strong uptrend. Being bullish on this stock we would look to get in with the bulls.
Lets look at the daily time frame.
Here we see a beautiful head and shoulders formation. Once it hits the neckline Price would reach around $98.
Adding confluence there is also a bullish cypher formation which may possible form. Buying at the price range $92 - $97 would be a wonderful spot to get in on the trend.
Short term weakness expected on this pair (counter trend trade) After breakout of monthly high this pair consolidating first time so short term downside momentum possible at least to test broken monthly high. If that one fails next stronger support can be see at daily trend line 2015/09/29 low and 201510/30 low. Setup invalidates if recent consolidation will be broken.