After completing the descending wave at 1.4108 along with the correction towards 1.4179, GBPUSD is expected to continue falling towards 1.4034. Later, the market may correct to test 1.4100 from below and then form a new descending structure with the target at 1.3960.
After finishing the descending wave at 1.2132 along with the correction towards 1.2185, EURUSD is consolidating below the latter level. Possibly, the pair may continue this decline to reach 1.2704. Later, the market may correct to test 1.2155 from below and then resume trading downwards with the target at 1.2050.
Perfectly predicted the dip to $33,000 over 12 hours ago. Currently ranging with decent volume around $33,000 meaning bears are likely pushing price lower in the next hours. Our next significant support level is currently at $29,500 where most long term stops are placed and will likely be cleared before heading up.
This could either print a long term double...
Short sell position. Analysis: price was strong in channel and price also rejected three time 13763.88 as Resistance Level. My predicted targets will be Tp1 13735.70 Tp2 13722.47 Tp3 13701.19.
29020 is the miner support Area 29100 is the trusted support Area and price also rejected. Long positions above 29050.00 with targets at 29200.00 & 29300.00 in extension. My predicted targets will be Tp1 29200.00 Tp2 29300.00.
Gold intraday the upside prevails as long as 1887.50 is support. Alternative scenario the downside breakout of 1887.50 would call for 1882.50 and 1879.50.
