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GOLD: Rejects Lower Prices, Eyes More Recovery

GOLD: The commodity saw a price rejection on Thursday leaving risk of a move higher in the days ahead. On the downside, support comes in at the 1,170.00 level where a break will turn attention to the 1,160.00 level. Further down, a cut through here will open the door for a move lower towards the 1,150.00 level. Below here if seen could trigger

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What Drives Your Trading? (The Need To Avoid Losses Or The Desire To Win?)

Yesterday I had an interesting consultation with one of my long standing professional trading clients: He observed that his desire to win was oftentimes superseded by the desire not to lose. He said whenever he traded like that he would lose money. I was delighted that my client had made this profound observation about his deeper emotions. These kinds of insights, when they

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EURUSD: Remains Weak And Vulnerable To The Downside

EURUSD: The pair looks to weaken further in the days ahead as it retains its downside pressure. On the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Conversely, support lies at the 1.1300

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USDJPY: Sees Further Recovery Higher

USDJPY: The pair looks to extend further recovery higher as more strength is likely. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level. Further out,

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GBPUSD: Vulnerable, Retains Downside Pressure

GBPUSD: The pair continues to retain its downside pressure selling as it retains its broader downside pressure. Support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards the 1.2550 level. Conversely, resistance stands at the 1.2750 levels with a

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GOLD: Looks To Recover Higher On Corrective Recovery

GOLD: The commodity continues to hold on to its recovery pressure. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure targeting the 1,170.00 level. Conversely,

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EURUSD: Bearish, Targets Further Downside

EURUSD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. Conversely, support lies at the 1.1550 level

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How To Confront Your Fear When You Trade

If you have read previous articles written by me and the Lesson from The Pros team, you know that we all drive home the need to follow a rules-based trading and investing plan. Not only does this make our decision-making process easier but also frees up time and, more importantly, our emotions. The less the trade becomes about us and the more about

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GBPUSD: Bearish, Extends Weakness

GBPUSD: The pair continues to retain its downside pressure selling off further on Friday. Support lies at the 1.2750 level where a break will turn attention to the 1.2700 level. Further down, support lies at the 1.2650 level. Below here will set the stage for more weakness towards the 1.2600 level. Conversely, resistance stands at the 1.2850 levels with a turn above here

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USDCHF: Weakens, Retains Downside Pressure

USDCHF: The pair looks to weaken following decline during early trading on Thursday. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 0.9950 level where a break will clear the way for more strength to occur

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