Simple but effective, Oil is more likely to really make big movements on Thursday or friday. Since the news on Monday, I am still expecting a retracement to 66.00
I expect gold to give us 300 pips today. slightly traceback from yesterday with the new LL / Lower Low, I can see it coming down more and settle around 1752 as the new resistance. NFP is tomorrow so the 1752 area might be a good place to rest but make sure you are out of the gold trades before NFP. I will post a reversal chart during the NFP so we can capitalize...
A few misses in the last 3 ideas but overall this is how gold is looking. Lockdown is coming to an end 1800 - 1826 could be the last stretch before it heads down to 1400, the red arrow is a zone you shouldn't trade. For me, I will sell 1804 and also 1825 if it goes beyond . I will be using smaller lots because I plan to leave them for a long time so 200 pips SL...
I see this as a good buy / SA economy is more likely to diminish in the next couple of weeks due to a lack of vaccines and the new lockdown being moved to level 4. I had this yesterday but I forgot to post it then I woke up it was already 50 pips up but it will still go. The financial sides is a bit different but just compare the news | this is for educational...
A wise person would wait and place a sell on 90.027 because trading requires patience but a foolish man would do what I am doing because of FOMO, CADJPY been on an uptrend since yesterday and it's neutral on the technical overbought oversold ratings at the moment of this writing. This idea is an experiment because on a normal day i would wait but i wanna see what...
1 Hour timeframe like someone requested and also Just as I said in the last one gold was staying in the zone till month end, End of the month is nearly here and we could see some movements herding down, GbpUsd is likely a sell so I can also refer it to here I will also look at EurUsd to be sure. If you decide to follow this idea Sell Entry @ 1787 = TP1 1777(100...
Gold for the rest of the month for me will be going something like this unless something unethical happens then we might see a reverse to the 1900s
potential till Wednesday 1862 being a target with 1855 insight , if it breaks 1855 then I will be selling , I am also going to open ,if it goes up then 1916 will be my next sell point