Gold is in heavy consolidation on the 4hr and 1hr chart.. from a monthly look, price has broken a resistance zone, retested it and pushed higher into the 1500 price region, now nearing a previous monthly support level that held from 2010-2013. Sticking to the 1hr chart for now, if price breaks the resistance zone around 1510 and retests it with a solid closure...
I've entered XRP/USD short at 0.31645. Daily and 4 hour chart showing bearish momentum back to the lows.. 4 hour trend line has been tapped multiple times even if I extended it out more. Take profit is at 0.30500 where I have a buy limit patiently waiting to ride price back up to the yearly highs. As always with crypto though, staying aware of the possible bullish...
Going long on AUD/USD. Price action showed a big rejection to the downside today despite it being NFP.. price bounced exactly off of a support level that has only been touched one other time from January of this year.. After watching price action on the 30 and 15 minute time charts I entered the buy at 0.67876 and caught the wick entry on that hour candle that...
Original analysis played out perfectly for the drop on 4 hr and monthly chart at the top zone, looking for a further drop to bottom zone then a nice rejection and push back up.