Tuesday, 3 October 2017

Trading signals. 3rd of October

Posted by Valentine at 07:51

The gold market is oversold, and entered a strong resistance zone

Gold once again moved to decline last week, remaining within the boundaries of the general upward trend that has been on the market in recent months. The price broke through the psychological level of $1,300 and dropped into a support zone at the end of last week. The market is now in the support zone between $1295.00 - $1275.00. If the price can recover again above $1275, we can see another big upward impulse to test the area 1330 again.

Longs with daily fixation above $1275

EUR / USD - the uptrend is not broken

EURUSD remains in the general upward trend, despite the current pullback, the beginning of which we saw last week and can see today on the charts. The price returned to support around 1.1700 - 1.1666 and rebounded. We remain optimistic about this market, while the market remains above 1.1665 - 1.1660. The market may continue to pull back lower this week, to a level above 1.1660, which can be used to open long positions.

Longs at the support zone 1.1655 - 1.1700

AUD / USD - The market looks interesting for longs

Over the past few trading sessions, AUDUSD is trading lower, falling to the support zone between 0.7825 - 0.7755, where the pair is currently consolidating. In this support zone, a small bullish shadow was formed, which indicates a certain interest in buying in this zone. The price should remain above 0.7755 on a daily closing basis, in order to really have a chance of significant growth this week.

Longs at the support zone 0.7800

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