Trade_Simple_FX

Here is our next outlook for BTCUSD. A break south of this indicated $95k, before targets of 92K and then hopefully a break of 92K support to see us trade as low as $85k, breaking all recent support handles and setting a change of trend.

BTCUSD H4 Trying to play ball here on BTCUSD, we are still trading south of $100k which is important, similarly ETH is still trading south of $3000, which is equally as important. There is scope to see some more selling pressure here on BTCUSD and ETH, which we would hope takes us down to 92K again and then potential beyond to the next area of major support. Lets see what unfolds! We are following along!

XAUUSD H1 This is the same setup we shared on our IG page yesterday, the outlook and preference for XAUUSD going forward, we note that $2,755/oz price holds some significance, a huge area of supply on the H1, H4, H8 etc... But also our ATH price, we have undoubtedly a lot of orders in and around that price level, so the volatility and volume is no shock.Lets wait patiently for this resistance/supply and ATH price to hit yet again, and see what we can do. We have now set our alerts for this price level, time to sit and wait!

XAUUSD H4 Here is an update on Gold. We are approaching this $2,640/oz support price, and interim trading support zone indicated on the H4 and H1 timeframe. If we are able to break this convincingly, we should see price trade closer towards that $2,624/oz price in the near term. However, we may well see price bounce from this zone as indicated before gearing up for shorts. The preferred play here is to sell from $2,670/oz and buy from $2,625/oz. Simply buying from the lowest area of support, and selling from highest area of resistance.

XAUUSD H1 We broke our area of resistance here on XAUUSD over the eastern session. We have now made a slight adjustment to our trading zone, $2,660/oz has now been moved to circa $2,670/oz. Which now incorporates the next level of resistance, and stops now cover the next areas of previous high price. We have that whole number confluence, area of H1 and H4 supply, obviously areas of resistance... Lets see what this zone offers, but again, treading carefully around the data cluster we have later today.

XAUUSD H1 For those that tuned in to the market rundown yesterday, we covered all of the setups we have been following from the start of the week, including XAUUSD here. We have seen some strong selling pressure over the eastern session, trading from that same zone we had indicated on Monday 30th. This $2660/oz zone seems to be very attractive and a strong area of supply. Hoping to see more of the same here on XAUUSD. Corrections before resumed sell orders.

XAUUSD H1 A possible outlook for XAUUSD here. I've got alerts set for $2450/oz price for the moment, but we may pull down towards that $2440/oz price. I'm not too confident in pushing the signal on the basis of a $2450/oz buy limit. But, this is certainly the first port of call. I'll update accordingly.

XAUUSD M15 Here is the signal update from yesterday, we have seen a maximum of 2.1R so far, currently in active play of 1.75R. We have banked partials and we are holding the remaining 50% position risk free. I'm hoping this setup has plenty more mileage in it. Last week, we caught an amazing long position from a key area of support. And this position continued to rise a huge 530 points, it would be great to see something similar materialise here

XAUUSD H1 Here is a potential outlook for XAUUSD going forward, we have sold off since market opened, the opposite move I would have expected. However, we haven't really seen an influx of relevant trading volume yet, I would expect to see this during LON partially, but most likely the US open, both FX markets and subsequent US stock markets. $2400/oz is in the crosshairs for obvious reasons, we have traded from this price previously (with the exception of the PPI dump). Targets would be $2425/oz before potentially breaking higher. XAUUSD is undoubtedly up-trending. Lets see if this weekends headlines can add fuel to the fire.

XAUUSD H1 This one would have been amazing to follow from our previous signal point at $2370/oz all the way up to $2425/oz, but as we stated we managed to remove ourselves from this position entirely for 2R. The full measure of this position was 10R. We are now waiting for a pullback, possibly looking to find support around this $2390/oz price. This is the previous area of resistance which has flipped the tables.