Silver - As we illustraded for you earlier in the week we were expecting this break out on Silver based on the structure of the chart. We can see now that it can find support below which could give us an opportunity to buy into the resistance levels above. Just like with Gold we would like to see where the market closes today on the daily chart. We will...
Gold seems to be holding strong support at the 1785 level which is also a Fib level. We want to see where the price closes today as it is due a small push up as long as this level holds. We have drawn in the higher resistance levels for you which could be potential targets for the remainder of the session or on opening next week. We will update this idea in...
US30 - As identifed earlier in the week we were looking for support to hold on this below to give an us an opportunity to go long in to the resistance level above. Now we will wait and see how the price reacts around this area, the ideal here would be a strong resistance above and then a further push down next week. We'll keep and eye on this and update you...
Today we will look at the 4H chart which shows the support and resistance areas as well as the Fibonacci which has been drawn from the low to the high. We have added the trend line which also lines up with the Fib retracement level and shows that there is potential for the price to visit the lower levels. We have also attached the Fractal chart that we published...
Silver looks to be inside a triangle which is nearing the end. Its also tuned back inside the long term 4 hour trendline which could mean the recent highs were a false breakout. We have highlighted the potential movement based on the break of the support or resistance levels drawn on the charts. Please do give us a like, comment and follow. GreenGateFX
BTC – 4H Today we will look at the 4H BTC chart to establish the potential trend we are in. We can see the downtrend together with the resistance level above. This level is very important for BTC bulls as rejection at this level could force BTC lower into the support region below. We will wait for the trend to either break to the upside or for the resistance...
EURUSD: 4H Today we will look at the 4H chart for EURUSD. We can see we are at a decision point for this pair where the trend line running from above has been retested and then rejected, it is however now being support be the trendline extension running from above to below. We will be looking for breaks of this either side of this short range to make a decision...
Our GJ trade worked extremely well for us bringing us back in to the support region we had previously highlighted. We're now sitting on a free trade with stops to entry and a majority of profits taken. We'll remain neutral for now waiting to see how this reacts at the support level here. You can see there is a break of the trend so we'll hold the trade with the...
As we mentioned last week on this we were looking for the retest of the trendline to hold or break. It held and gave traders a great trade into the support level below with the target being reached. We will now look for the support level below to become the potential target where the price could find the opportunity for a technical retracement. Please do give...
Last week we saw the daily candle come down into the support level we mentioned and then proceed to target the higher target we had identified in our posts. This week we are looking for a similar movement on Gold XAUUSD. We will be looking for the support level below where the price may stall and range a little. This is where we are expecting a push to the...
There's room for this to go up towards the fib level. If correlations allow it gives PM's some rest....Keep an eye on the Dollar, break above and it will cause havoc on the markets. Please do give us a like, comment and follow. GreenGateFX
Trend break in action on this with retest in play. Support here or just below could be an opportunity to take the long into the resistance level above. Please do give us a like, comment and follow. GreenGateFx
Very important level here for Oil. A triple top here could mean a deep decline on this as long as it stays below the $85 level. Please do give us a comment, like and follow. GreenGateFX
BTC has worked well for us so we will stick with the original chart we have been using to guide students through this. At present this is looking like it may want to test that lower support region again which is where we will be waiting to see how the price reacts. Rejection there and we're going up, breaking the level and its not good news for bulls. Its a...
Trading back inside the range and testing the lower support level. We will be looking for a break either side with our bias being to the downside on this at the moment. Please do give us a like, comment and follow. GreenGateFX
Looks like this has some space to move up a little. We will be looking for a reaction on price at the immediate level of resistance above, a break above and the trend line resistance could be a good target. Break below and we're going to correct the move out of the trend. Please do give us a like, comment and follow. GreenGateFX
Gold is back trading within the range where it consolidated for most of last week. We're neutral on this at the moment awaiting a break on the daily in either direction. Its never a good idea to get caught trading in the middle of a range as the break can throw many traders off course. Please do give us a like, comment and follow. GreenGateFX
Crucial point here for Gold on the Daily close. Lets see how this progresses... GreenGateFX