Looking at NAS100,currently looking to take long positions upon the retest of the previously formed demand zone. This level confluences with the inner 1hr level and will take into consideration the price to time relationship
The Sterling has been a mission of its own. Now we are likely to get the price to tank to the downside with the US coming from a dismal job reporting last week Friday Let's see how things play with so many things influencing the markets to be aware of.
With how things ended the previous week, the is a plausible reason for markets to be in further RED ZONE otherwise known as danger. This was clear when it appeared markets that were headed to the upside, started to take a bit of a nosedive. It is unclear how long this will occur with FEDs keen on tampering rates amid their next meeting
With FEDS wanting to tamper rates it has had an influence on most Dollar related currencies or instruments. We have seen Gold bullish run snapped in previous weeks and it now looks set to regain that
Gold has been weak and is likely to continue to fall from the previous week, of Non-farm payrolls. At the very least, it should fall into the areas of 1680 as wicks left behind from yesterdays Asian session