Daily Forex Brief, December 01 - Top 5 Forex Trading Signals!

Gold - XAU/USD

Gold prices were up Tuesday morning in Asia, with the yellow metal starting December on a slightly positive note after coming off its worst month in four years. Gold is coming off its third consecutive losing week and a loss of almost 6% through November. Investors sold off the safe-haven asset and poured into riskier investments like stocks and exchange-traded funds (ETFs). FREE FOREX TRADING SIGNALS Recent turns suggest an up alignment with the potential for a climb against previous topping levels at 1819.0 and a chance for a larger drive to 1838.0 as a minor correction. Minor corrective trade must stay stable over 1795.0 to motivate rallies. A close under 1762.0 rejects the upturn.



SILVER - XAG/USD

Recent turn suggests an up alignment with the potential for a climb against previous topping levels at $23.250 and a chance for a larger drive to $23.80 as a minor correction. Minor corrective trade must stay stable over $22.70 to motivate rallies. A close under $21.74 rejects the upturn.



EURUSD: The dollar was under pressure on Tuesday, after closing out its worst month since July with a little bounce and as investors reckon on even more U.S. monetary easing. The euro rose 0.1% but kept shy of $1.20, while sterling held on to gains made against the dollar as traders cling to hopes for a Brexit trade deal before the year's end. The Market is in the Overbought area for the second day. Looking for minor correction for the EURO towards 1.1900 - 1.1870 - 1.1830 during the coming days.

R2 1.1970 R1 1.1944 S1 1.1900 S2 1.1880


USDCHF:

The USDCHF market continues to unfold a bull flag upturn and suggests advances over the next several days to reach 0.9180. Near term, trade may ease back into flagging congestion, but staying over 0.9130 keeps trade biased to the upside. A close under 0.9011 is needed to signal a reversing turn back to lower levels. R2 0.9125 R1 0.9100 S1 0.9064 S2 0.9039




USDJPY:

The USDJPY market remains caught in sideways congestion. The minor congestion holds a friendly bias. Any breakout over 104.81 will launch a drive to 105.60 and above. A close under 104.01 projects to 103.00. R2 104.81 R1 104.53 S1 104.06 S2 103.75


RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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