Support and Resistance Archive
Look at WTI, XAUUSD support and resistance levels, trends. Week 37 2017 latest charts, setups and price action. Also GBPNZD, EURUSD, USDJPY.
Despite the severe bearish action around the globe yesterday following Kim's missile flying over Japan and a sharp, not-unexpected u-turn during US trading hours, stock indices really did not make any significant move. Major indices are still trapped between last week's (Jackson Hole) range except for DAX. It is a loss leader...
1328 is an important resistance XAUUSD has to overcome. Above this level, potential to hit maybe $1600 by end of this year and then $1900 by next year.
USDCAD at decade-long resistance-turn-support. What are prospects of breaking this level in conjunction with second rate hike? Retracement before that?
Keeping an eye on gold miners Barrick Gold ABX, Newmont Mining NEM and Zijin Mining 2899. There is base building. We can see a base in each chart so this could lead to continuation.
Traders/investors should be looking at XAUSGD blue zone now. Next step higher. Look for signal i.e. end-of-quarter close above 1800 which is better than best performance (Q3 2016) since 2013.
Simple forex analysis looking at AUDJPY for long side trade. Reasons #1 - 3 bullish channels, #2 - new 52-week high, #3, attractive positive swap for long position.