3 Sell Occasions On The Market: DAX, GBP/JPY And Gold

Published 03/01/2018, 05:53 AM
GBP/JPY
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XAU/USD
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DE40
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GC
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DAX just created a major sell signal. Reversal after the sell-off from February has finished. The price did not manage to break the 38,2% Fibonacci and went lower. We broke the lower line of the wedge and the 23,6% Fibo. The current target is the area around 11900 points – super important long-term support.


As expected, GBP/JPY went lower. We broke the lower line of the wedge and horizontal support on the 147.7. That opens us a way to the support on the 139.70. That creates an occasion for 700 pips! Definitely risk worth taking.


Gold is very close to test the important support on the 1307 USD/oz. We broke the up trendline and a horizontal support on the 1321 USD/oz. Then the price created a bearish flag, which resulted with a drop. Sellers have all cards in their hands now. Well at least till 1307 USD/oz...

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