Set up a Sell Limit strategy for the EUR/AUD pair Reason: 1. Overcame very strong resistance 2. The wave is recovering near the resistance areas H4, D1. 3. TrendLine tilt angle is ideal. 4. Bad news for the EUR =>> SELL EUR/AUD - Entry: 1.662-1.664 - SL: 1.668 - TP: 1.637
The assessment that gold increased slightly again after yesterday's PPI and Retail Sales news was correct. Gold price has returned to the expected price range. Trading plan for today: Entry: 1916-1918 SL: 1920.5 TP: 1908 High risk should only be 50% of volume according to capital management
Gold has reacted strongly to the Consumer Price Index (CPI), but it has now absorbed all buying volume, and the buying side is very weak at the resistance zone of 1955-1960. This sets up a beautiful SELL order for us towards the price level of 1920. You should remember that the price of gold is still in a strong downward trend. And what happens when the Fed...