Nasdaq One Hour up Channel – Aug 9th
The NQ one hour time frame is in an up channel . The market is making higher highs and higher lows. There are two areas where a good buying trade could be found. A counter trendline break bullish near the bottom of the channel or a counter trend line break bullish above the channel.
GOLD FUTURES Holding on Support
The GC daily time frame found support at a known level of U-turn around price point 1675.00. The market is showing signs of pushing bullish and creating a new bullish trend . It will be a good idea to wait for the market to break the short term down trend line and enter back into the buy zone before looking for buy trades.