Green is the daily range. I do believe more upside is due for this pair long-term anyways.
Yellow: monthly range blue: weekly range green: daily range Looking at my typical rules US30 is still looking bullish even with everything going on in the world, crazy enough. Purely looking at this via technical and tuning out the rest. Pullback to the top of the daily range inbound and then long to follow.
Green: Daily range blue: weekly range yellow: monthly range Based on my analysis and personal strategy, all time frames scream for more downside to come into play. I already made a great short trade on this early in the week, and I think more short opportunities are presenting themselves.
XAUUSD is preparing for another bullish run in my opinion... the safe haven for a lot of investors right now across the world. Cant rely on that though as we must follow technicals and stick to our trading rules. For my next gold trade setup i am waiting for a pullback to the hourly lower level before another bullish push. Got to be extra careful in the gold...
In this chart breakdown i have much more going on via looking at the higher timeframes. Cable is imminately falling off economically and the dollar holding true for the time being. I thin technically we should se a sell off on this pair very soon... here is my setup and trading plan for the upcoming play...