04 Oct Forex Weekly Analysis Price Forecast – Forex Gold Signal (4th October – 8th October 2021)
Forex Gold Signal
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GBPUSD No Entry Right Now , We Should Waiting Until Daily Closure To Confirm , If We Have Not Daily Closure Below 1.36000 So This Idea Is Not Valid This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method.
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GBPCHF appears to be staging a recovery since finding a bottom at Fr1.25000. The appearance of a Double Bottom within a strong Demand zone (Fr1.25000) which have a holding memory since July 2021 signals a rally should price Breakout/retest our Neckline (Key level @ Fr1.26000) in the coming week(s).
EURUSD Already break daily strong Support zone now again going to touch this point and there have big possibility go goes down again. So wait for next confirmations.
After failing to breakout of the bearish symmetrical triangle, EURJPY has printed a bearish impulse and its currently in a corrective bearish flat pattern. I will be watching it closely how it reacts inside the current flat structure. Sell trades will be executed on the smaller time frame based on supporting candlestick formations.
AUDUSD broke out impulsively from the head and shoulders pattern leaving huge amounts of liquidity. Price attempted to break away with the bulls recently but failed. This leads me to believe that price will come to test below the low before bouncing from the daily demand region. Once we get this bounce we can expect complete reversals into our liquidity point marked.
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