GBPUSD Forecast GBPUSD broke down last week, sending the pair toward its sell-side imbalances at 1.3509 and 1.3452. The pound tagged the first single print on Friday, but the second remains open for business.

Took the gold short on the failed breakout. Mentioned this idea a couple of times this morning Orders marked on chart. Looking for the bottom of the channel or the $3,250 low, whichever comes first.

Detailed Daily Gold Charts Analysis Describing Detailed Price Action and It's Reasoning Between Each Price Movements.

Looking at the daily candle, we can see that it has created a wick on both sides and the price is in the middle right now, and still consolidating. The price consists of support at 3,000.83 and grid resistance