XAUUSD 4 HOUR CHART -RANGE?
As I have been noting XAUUSD has been trading in a symmetric 0 pip range either side of 2500, a level that sets its bias.
It is currently back above 2500 so trading with a bid (as can be seen by the rising red Amazing Trader ladder lines) but would need to take out 2531 to break the current range
Sept. 6 (Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan
Friday looks set to play out like a concentrated version of what markets have been navigating all year – what’s the fine balance for the U.S. economy to both dodge recession and allow interest rates to come down at the same time.
GBPUSD Daily
Supports : 1.31600 , 1.31200 & 1.30850
Resistances : 1.31950 , 1.32450 & 1.32650
To be able to continue Up, it has to stay above 1.31500.
What I don’t like with this picture is the fact that Cable tends to go in the deeper corrections after such a Rally.
Playing on the Top is never an easy game – so avoid making big conclusions right now – this is 50:50 situation.
I am going to go on a limb now and say it clearly : I expect Cable to nose dive from around here .
But what I expect or want is not necessarily what will happen.
© 2024 Global View