GOLD is one of the pairs on my watchlist this week, I do see many opportunities to play out on gold from the long and short side. Monday will be the deciding factor, if gold is able to have an exhaustion up to my pre-empted levels of 1528.5 and 1533 I will be looking for shorts to hold down till $1492 as I do expect this liquidity region to be filled this week if...
NICE hourly closure on us oil, waiting for 4h closure then I do expect this pair to rollover and follow with a bearish close, after the shooting star 1h closure, with 15 min till next hourly closure oil is looking to form a evening star another bearish confluence. looking for 51.66 to be tapped in the coming days
GAUD could provide a nice short setup this week, I do expect GA to rise this week with the first test being the 1.81 psych level which confluences nicely with the 78.6 fib level, I will look for price action confirmation at this region to short but with a lot of caution as the volatility of this pair can easily drive price up to 1.82 for a final test, of 1.82 is...
XAUUSD I'm looking for a pullback to the lows of 1480.4, as the market opens this evening I am looking for gold to retrace potentially to 1522 then waiting for candle confirmation to enter short, if no entry given and 1508.32 is broken I am looking for a retest to enter short. however if this setup is missed and 1480 is tapped I am expecting gold to consolidate...
usdchf formed a nice hammer head weekly closure at support so I am looking for this pair to come up to test the 0.99 psychological level which confluences with the 786 fibonacci from the recent lower swing high. the pair is still in a downtrend but if strength in the usd kicks in we might be able to break the recent swing high, forming a higher high. however TP...
USOIL is on my watchlist for this week ahead, my long term bias is still bearish on this pair but from the weekly closure I don't see any current short plays as the rejection at 57.00 making the recent lower high was a nice short to take. I am looking now for usoil to continue this downward trend and come into my demand zone of 51.0 to 51.5, if this is to play out...
