Hello Naked Traders.
Here below my price action naked analysis for the week ahead:
The couple was protagonist of a strong rally in recent weeks. Now the price is right on a resistance level. You can then wait for a clear and obvious price action naked signal between 0.8100 0.8150 for some short entries on the pair. If the market keep going with a bullish bias the next resistance level is 0.8240.
The pair, after hitting the support area at 1.2650, rebounded strongly and closed the week above 1.2950. There may be all the details to see the eur/usd back on previous highs at 1.3100 area. You can wait to see if the pair were to retrace and look for a price action signal to go long between 1.2820 and 1.2850.
The pair is well set for another new low. Broken down the 0.9950 area and closed the week at 0.9925 going to offer us the possibility for a trade set up for the week ahead. In fact I’ll wait for an obvious short signal 0.9960 area. The first support level is at 0.9870.
Gold – Xau/Usd
The price of the Gold has broken up the key resistance area at $ 1.736.00. From here we have to figure out if the breakout is confirmed and, if it were, look for a clear price action signal on this area, $ 1.736.00. As you can see on the daily chart this key area is very important and can be therefore used to a simple and profitable trading. The next key resistance area is $ 1.790.00.
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