This morning (December 16th) we saw clear bullish price movement to break out of the squeeze that has been forming since the end of October. Price moved up towards a significant zone and now we are anticipating a slight pull back where our buy limits (194.411) are expected to trigger.
A lot of news coming out this week regarding the British Pound and the Yen, we...
XAU/USD has been forming a Bullish Pennant for over a month now, price is at a critical area. Price is going to make a very big move this week based on the technicals, since this Pennant is coming off of a bull leg we are more on the bullish side, however understanding some huge downside is still in the picture. We will be looking for buy limits if price falls.
