Current outlook on gold on the weekly timeframe as per technical analysis.
Expecting a sell continuation long term . We see a break of previous bullish trend a rejection and retest.
Now waiting for enough volume for the market to blow through all marked supporting levels.
Reaching a strong resistance zone.
This pair has created an M pattern or what appears to be a head and shoulders pattern.
I see a trend break, broken ascending
triangle.
we should be clear for a drop in my opinion......
1.Market currently on demand zone.
2.We've had three candles showing rejection on our area of interest.
3.Looking at potential bullish movement to above highlighted supply zone, then bearish price action afterwards.
4. My S/L would be slightly underneath the three circled wicks.
5. Practice good RM
looking at a buy opportunity for nas100
Nas100 has been in this channel for a while. looking to see it respect the same channel or supply and demand levels.
After high alert news event came in regards to the Peso . We still can’t see no significant move yet. My thoughts are to wait before trying to buy this pair.
