ok..so we had 1380 supp and 1413 res these were both tested 1380 broke today so we change the reversal to locate the next supp see the aqua line/horizontal supp.. at 1359 area...previous..not been hit as yet 1380 supp should act as a decent res above there is some trend res also at 1390 area the trend is still bullish...but we watch to see the test of supp/res
yeah....but going into nfp watch that support to break ?? 4 hour data supp is in at 1.3090- 1.3120/green then there horizontal supp/purple in 1.3020 area trend still up..but needs to stay above 1.3000 lets see what happens
a look at the whole upmove in spotgold 4 hour data $5 box the move started on 28 june a trend test on friday/nfp..this does not show completely on this chart as it plots 4 hour close.that area is horizontal white line.there is a previous breakout point /yellow at 1345 area trend res /purple is at 1400 area.then horizontal res above all these areas could get tested next week
a look into next week spot oil 5 min data shows the trend/up that started on sept2 2 phases 1.green supp line 2.a new trend that started on sept 5th so..either we break res/red or we test support 1.horizontal supports.you can pick these up from a candle chart 2.trend supp aqua/purple area $109 area there is a previous breakout point at 108.50 area/orange or..back into the main supp area at 108 lets see what happens
gold etf gld 60 min shows the price action very clearly uptrend retrace price now testing support area trend support now and soon previous horizontal support