#XAUUSD
#EURJPY
Morning guys 🌞🌞 due to Thanks Giving last week, the market liquidity was lower than usual, so there was no huge fluctuation last Friday. It was quite peaceful. Gold hasn’t broken out the major resistance lv 1753-1757 yet. So there are 2 scenarios for Gold today in my opinion:
+1st (green arrow): down to 1747, then go back up to retest the major resistance and continue pulling back to the lower zone 1741, 1735, 1731. I think this is the most potential scenario for Gold today. Selling around 1754 with TP 1747, 1742, 1736 SL 1757 or 1759.5 is not a bad idea.
+2nd (red arrow): retest the major resistance 1 more time and possibly breaking out when it faces this zone at the second time, the next targets for this scenario are 1757 and 1761.
About EUR/JPY: this pair already broke out the lower purple zone as you guys can see in my chart, quite strong. It’s now facing another major support – 143.47. I don’t think it can break out this line without testing. That’s why we can buy around 143.47 TP 144.11, 144.33 SL 143.22.
Let’s see how the markets go, but DON’T BE GREEDY !
Good luck guys ! Have a great trading day. ❤️❤️🌹🌹
Jolie Do:
Forex Trading Specialist/ Relationship Manager at ForexCEC - DNBC Global Markets.
ForexCEC - DNBCグローバルマーケットの外国為替取引スペシャリスト/顧客関係マネージャー
Message me to discuss more. ❤️
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