GBPAUD is in a downtrend on daily & 1 Hr, as you can see there are two sell zones and one of them holds a golden zone of Fibonacci 50%. So I would expect the price to come to the 50% and wait for bearish price action signal to confirm my sell call. Profit target will be the next support level. Keep an eye on this one. Lets see what happens.
I am not a financial...
Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valied & Fake break out can be identified by RSI and other indicators
GBP NZD - Daily Chart - After seeing a good downtrend, looks like the pair is trying to reverse. Inverted H&S is still in process. Pattern will be confirmed only on breakout. But seeing at the Chart Structure, looks like it will. Patience is the key here. Now as pattern is identified, we will have to wait for breakout before initiating the long trade. Further,...
World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world
In the long term, the upward trend in gold prices remains unchanged. However, in the short term, precious metals continue to be under selling pressure due to a strong USD and the rather cautious monetary policy of the US Federal Reserve...
Gold prices continue to be influenced mainly by US interest rate expectations. And the stability in recent sessions reflects the lack of strong signals on the Fed's monetary policy.
World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world
Gold price dropped sharply mainly due to the increase in...
