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GOLD WILD MOVES BUT BULLS REMAIN INTACTGold wild moves all the day would have shattered scalpers but have been a get opportunity for the buyers at the dip. Long term bullish overview and forecast still persist. Target early 1960.
Will GOLD continue to fall? Comment your thoughts!As we can see from the daily time frame, ever since gold made that higher high we have continued to make lower highs.
We do have a pretty solid weekly support level that price cant break for now, but i do believe we will see gold hit that support once more before making its next move.
If we break that support we want to see it turn into resistance and we will look to target the next key level.
If we cant break it and we continue to reject the support level, we want to see this decending triangle broken and retested before looking to go long and target them previous highs.
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Good luck, stay blue,
Ash.
GBP CHF IDEA FOR NEXT WEEKIdeas for next week.... GBPCHF is one of them!
- At a major area of resistance, on the daily, AND 4h chart!
- Respecting the TL for the 2nd time (most reliable touch)
- Price travelling below EMA
- Price Action Rejecting Resistance Area
Don't forget to check out my profile and click 'PLAY' on my recent trades to see how they went!
Have a good weekend everyone.
EUR/NZD : Buy on The Pullback ConfirmationBuy on Pullback confirmation after Bullish engulfing pattern Buy Trade.
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AUD/USD : Watch Correction and Wait for Breakout Wait for Breakout confirmation for the next impulse move.
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Possible short opportunity on APPLE for todayOur view on this Stock for today
Entry 393
SL 397.75
TP 388
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Trading Kitchen
Long term buy on EURAUDOur view on EURAUD for today
Entry 1.62
SL 1.602
TP 1.64
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Stay connected with us for further trades
Trading Kitchen
GBP/USD : SHORT Selling Opportunity ON Pullback Confirmationafter pullback confirmation can strong sell in downside.
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EUR/NZD : Sell on Pullback confirmationpotential Downtrend and wait for good entry to sell in downside.
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GBP AUD POTENTIAL INVERSE HEAD & SHOULDERSKeep a close eye, if it breaks neckline we will re asses and look for buys to the next area.
GBP/CAD : Sell on Pullback of the Trendline after complete pullback confirmation can strong sell.
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