rufffen XAU spot gold majors trades

[rufffen]

Update on spot gold post #32

Spot gold did in fact drop a more than decent 28 dollars as expected. Now this just shows how precise zoning tools could be.

I maintain that spot gold will trade lower now advise to look for better opportunities to get in for a LONG ride up ahead of 1000 mark.

Also here are trading z for the next week.

BUY2 zone looks very promising to reinitiate long setups however please wait see if GOLD reverses in this zone watch for clear reversal signs (pin bars on hourly for instance). If you decide to go LONG in this zone place your SL at 950 TP at 990.

Hope this trade works out more than decent R/R ratio!

925	BUY 1
939
952	BUY 2
956
991	SELL 2
995
1009	SELL 1
1022

[rufffen]

SILVER UPDATE

There is a valid reversal on daily charts on silver so expect some mid-term weakness return to levels of 17.6. Break below will see this item drop further to level of 14.

The zone worth watching this year is 19-21 break above 21 will open further upside capped at 34-40 but slim chance.

here are the yearly z on silver hope silver-investors out there will find it useful.

7	BUY 1
9
11	BUY 2
12
17	SELL 2
17
19	SELL 1
21

[rufffen]

GBP JPY SETUP 30 min

Here's a potentially great setup on pound cross 30min chart (wrong label).

As we speak a nice pin bar is in formation at a key resistance level so this looks like a decent price to SHORT it. If I was to take it I would trade it a swing trade - SL at previous highs at TP at approx +200 pips current levels (204.30-60).

EUR CAD trade didn't work out as expected went against us for a loss of approx 100 pips.

Meanwhile I want to still remain focused on GBP USD EUR USD spot gold although GBP JPY presents better opportunities. I will continue researching yen crosses if you scroll back to my 2006 posts you will find that I had some very nice trades on yen crosses back then.

[rufffen]

GBP JPY update

Ok here the SL was hit for approx 60 pips with SL at previous however now is a good idea to attempt some more brief shorts. This looks like the GBP JPY is reversing the downtrend trading above weekly balance point which is

20615

The weekly GBP JPY z are as follows:

20027 BUY1
20189
20352 BUY2
20402
20828 SELL2
20879
21041 SELL1
21204

Ok let's wait see what happens now

[rufffen]

11th of March spot gold update with weekly z

here are weekly z. Details find within PDF file thanks!

Weekly z

925	BUY1
939
952	BUY2
956
991	SELL2
995
1009	SELL1
1022

[rufffen]

GBP USD update

here's a 4 hour chart with a nice bearish pattern on it. Get in for a TP at 4/8 line (+200 pips current levels) SL at recent high. This will be a good ride!

Meanwhile I expect USD JPY to reach 104 level soon maybe even this week.
JPY crosses will retrace trade higher soon EUR JPY GBP JPY bearish trend will reverse. EUR CAD uptrend will terminate VERY soon the item will definately trade lower I will post z for EUR JPY GBP JPY EUR CAD soon (maybe today). This z will help position/swing traders place TP SL accordingly.

[rufffen]

EUR CAD 4 hour update

There is a valid reversal pattern on 4 hour charts as well as a reversal pin bar last time around a trade went the other way HOWEVER this time around we can pull approx 200+ pips on this one. Place protective SL at recent high 5366 TP + 200. Lets see how this goes.

[rufffen]

EUR USD GBP JPY EUR JPY EUR CAD weekly z

Wait for a currency to reach one of the z look for a reversal signal on at least H1 / prefferably H4 chart (pin bar TD sequential major sup/res trendline reversal pattern) then initiate a trade. This z are a great aid in trading.