GOLD, CRUDE OIL & GBPUSD – Sep 27th to Oct 1st, 2021 » Learn To Trade The Market

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GOLD, CRUDE OIL & GBPUSD – Sep 27th to Oct 1st, 2021 » Learn To Trade The Market


Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Disclaimer: This newsletter should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments.

CRUDE OIL – Daily Chart

Price Action: A recent bullish Pin Bar signal triggered a move higher just above $70.00. A recent bullish Fakey setup triggered a move higher from $68.00 (now an event zone).

Idea: We will consider buying on any weakness and after a price action buy signal, whilst price remains above $68.00 to $70.00 short term support area.

GOLD – Daily Chart

Price Action: An Inside Bar pattern formed yesterday (price could break down further from here). A Prior bearish Pin Bar signal formed just under the $1800 short term resistance level.

Trade Idea: We will consider selling on any strength and after a bearish price action signal, whilst price remains below the $1800 short term resistance level.

GBPUSD – Daily Chart

Price Action: A sideways range persists between 1.3915 resistance and 1.3570 support. A break and close below the 1.3570 support level will open the door for lower prices.

Idea: We will consider selling on any strength and after a price action sell signal, whilst price remains below the 1.3915 resistance level.

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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.

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