Gold as been on a bullish trend for weeks, Price found its way to the 61.8% fibonacci zone, this is clearly a retracement for new coming highs, I expect Gold to reach new highs in the coming future(1700) but for this trade i would be looking at a 1;1 risk to reward ratio first which would be at 1685. The trend is your friend, trying to short at this level isn't...
Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is...
GBPUSD is looking bearish as buyers are losing hold from 1.29750, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.28750 level(TP level). Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of...