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Hello traders good to be with you on this Friday May 27th. We look at this pair as I find it very interesting as we observed gold hit 50.00$ P/B yesterday and closed the day just below that price. We can see that we have an ascending wedge and I am looking for the break to the downside. I am looking to enter this trade after a break below the daily pivot with a retest and enter at the price of 0.7204. I am looking to take profit at the support zone at the price level of 0.7147 for some nice profits.

Thank you traders and we will talk with you soon…..William

FX Instructor Forex Blog – For Traders, By Traders

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