5 December Free Trading Signals
GBP/USD trading signal
On H1 timeframe GBP/USD broke above the resistance level at 1.2950, which was holding the price for three previous trading days. On Wednesday pound broke psychological resistance at 1.3 and jumped above 1.31 level. Right now the pair stays above both 50 Moving average (red line) and 200 Moving average (blue line), which is an indication of a bullish trend, so that I do expect the pair to move higher. Scroll down to see the signal details with my SL, TP and entry levels for USDJPY.
XAU/USD trading signal
XAU/USD broke above the bullish channel. where the price stayed for 4 previous days. The bullish momentum was strong enough to push prices above the 1480 level. On Wednesday price corrected and touched dynamic support in the form of 50 Moving average (red line). Right now the pair stays above both 50 MA and 200 MA (blue line), which is an indication of a bullish trend. I am looking for buy orders at the moment. Scroll down to see the signal details with my SL, TP and entry levels for XAUUSD.
