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Trade update for GOLD
GOLD H1 The 1:1 (Blue) at 1166.00 has offered a solid trade with the market now 180 ticks below this level. Taking profit in gold around current levels looks to be the best play with the market...
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AUDUSD: Intraday players eying 0.77270
AUDUSD H4 The USD was hammed overnight following the FOMC with a number of traders caught long. The short covering rally in AUDUSD didn’t last long however with the market selling aggressively into the...
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GOLD: Looking to buy at 1170.50, find out why?
GOLD Weekly Gold has again failed to take out a number of large stops that are likely sitting just below the 61.8 fib level at 1130.00. The market is now seeing some short covering after another failed...
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EURGBP: Bears testing make or break resistance
EUDGBP Daily The bears will be closely eying the 1:1 (Purple) at 0.73900/4000 in EURGBP. This level is now the make or beak level for the bears, if solid selling interest is seen on the 1:1 (Purple) I...
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EURGBP: Looking to sell intraday rallies
EURGBP Daily I mentioned the importance of the 1:1 (Purple) a few days back in my daily report and the bears have been seen selling into this resistance level over the last 24 hrs. Now as long as the...
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EURGBP: Intraday players eying 0.72430 support
EURGBP Weekly I mention in my analysis last week the importance of the 1:1 (Purple) and 38.2 fib at 0.73850, this resistance level has attracted solid selling interest over the last several days. As...
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EURGBP: Bears continue to add to short positions
EURGBP H1 After taking out the 1:1 (Blue) and 38.2 fib at 0.72430 the market found support 20 pips lower on an AB=CD (White), however this AB=CD support has not deterred the bears with solid selling...
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GOLD: 50 Fib caps short covering rally
GOLD H4 The 50 Fib and old resistance level at 1225.00 have capped the recent short covering rally seen in gold. As long as the market stays below this resistance level stops below 1175.00 are likely...
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EURGBP: Smart money continue to sell intraday rallies
EURGBP Weekly The weekly 1:1 (Purple) continues to find solid selling interest, the 1:1 high was tested for a second time earlier in the week only to be met again with aggressive selling from the...
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EURGBP: Bears targeting stops below 0.70000
EURGBP M30 The bears continue to sell into the 1:1 (Light blue) rallies as they push for the large stops that are likely sitting just below the 0.70000 low. The next level to keep a close eye on is the...
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