Level below = stop loss Levels above price = take profits in order 1,2,3 This is not investment advice.
The pair is in a clear uptrend, and after crossing 200 SMA it is aiming higher as the USD is expected to be a weaker currency against all crosses. If the price gets rejected at the next level of resistance at 0.66874 we can expect a pullback to 0.618 fib retracement where we would place our entry at 0.66250. Then it should break through the Pitchfork median line...
According to investing.com Analyst release, gold should be kissing the 1900 area again really soon. I think the 1895 is a significant area from the Novembers price action and should break through. There might be slight pullback between shorted time frames 1880 due holidays labour cost expectations-to possibly 1860 On December 13th to retest support of 9th-12th...
If Goldman Sachs says they are bullish on it the then I am bullish too. The UK lockdown is over so we should start seeing some recovery in the next coming weeks/months. Christmas and cold weather should steer things nicely and oil is to be expected most likely to rise a bit more as well. Agree or not ? You decide for yourself.
Fibonacci re-tracement with few possible targets TP1 38.2 of Fib retracement possibility for the price to continue lower to next Fib Level
I am very new to this so please don't follow blindly. I am not going to trade the small up wave but will wait for data release and as soon it come out ill go short. I have setup a pending sell limit order around the level 1.32400 GDP expectation is lower then in the previous periods. USD should gain on more strength as previously predicted by numerous professional...
The price is heading down the the previous support of our multiple flag breakout and will most like break through It making it a new resistance and continue all the way down to supply zone. I am not sure exactly where to place TP level, but helpful would be to turn on trailing stop once the price is 75 % of its way down to not spoil the move with unnecessary slipage.
Impulsive break giving us a signal that new momentum is to the downside. Just a minor correction is to be expected which will then be a signal to enter the trade.
Stochastic RSI, MACD and Divergence all singmal move down so jump on the bus and lets go :)
According to investing.com Analyst release, gold should be kissing the 1900 area again really soon. I think the 1895 is a significant area from the Novembers price action and should break through. There might be slight pullback between shorted time frames 1880 due holidays labour cost expectations-to possibly 1860 On December 13th to retest support of 9th-12th...
I believe the Cad will now get rejection and move down to 80.600 which aligns with a lot of previous levels as gold is expected to rise higher. Fundamentals from investing.com indicates it. Follow the money I guess or feed on small movements. Good luck and wish me luck
There is a chance that it may reverse to the upside at last minute