Sell at 1760-1770 for a TP of 1690-1670; Buy at 1670-1690
The weekly candle closed above 50MA which is being treated as support since 2019. I expect a small corrective bounce or retest of the 1824-1835 levels before the continuation of the downtrend. The target price is 1700 and 1670 in extension (bottom of the channel).
Still on the no-trade zone. Wait for the break of 1820-1818 support for a short position and 1875 resistance for a long position. Last day candle is an inverted hammer which is a sign of reversal so I expect gold to retest 1900 in the coming days.
I expect rejection at the 1805-1810 level. Stoploss: 1816
It's safe to sell gold at these levels with stop loss above 1802. It also formed an ascending wedge so expect a reversal soon. First TP is 1750 (38.2%) and TP2 at 1720 (61.8%).
Tested and rejected at 38.2 fib level. Sell on every rise.
Buy EURGBP. It's currently sitting on the 4H 100 MA and major support zone.
Short at the top of the descending channel and 4H MA200. I expect a strong resistance above. Target Price: 1.21
The break of the lower trendline confirmed the bearish trend continuation. Sell on every rise with stoploss above 1.256
I expect a correction and retest of the support first before the next leg up.
Short at around 1.098-1.099.
Gold is hovering at the 1660 resistance level. Rejection will push the price downward up to TP of 1600.
Short around 61.8 fibonacci level and MR1 which is at 1.318-1.32. Stop loss at 1.323