Looking at gold it is respecting the trend line in the 4hr I can see a potential short to 1750 to end the week
Looking at gold it did a big drop last week. For here I can see a temporary retracement before another big drop when dxy rises as well for now I am longing gold with a TP1 at 1815 and TP2 at 1830 before shorting
Keep buying gu like I said first daily resistance is 1.41 which we broke the next major resistance will be 1.44 let’s send gu to the moon like bitcoin
Daily resistance hit on gbpusd we could see a pull back here if not the next resistance is 1.46 eithier I’m still long on this pair
Gu been bull since September right now I believe it will approach first resistance at 1.41 we can earthier see a small drop or it could turn that resistance into support and head to 1.44 ethier way I remain bull on GBP/USD With brexit been over I don’t see a reason why gbpusd will drop back to 1.30 or below
Looking at gbpusd on the daily candle and my own daily trend line I personally think gbpusd will go above 1.40 next month we could find resistance at around 1.43 - 1.45 then form a nice support at 1.40 before my final target at 1.50 for the year
GBPUSD is a solid bull. follow the trend or get left behind Brexit the main driver of gbp weakness is over so I expect GBPUSD to go back to pre-brexit level around 1.40 - 1.50 on the weekly. As well as USD being weak gbpusd can easily go back there this year
On the weekly gold is forming a nice down trend