Only charts

Do you think gold has bottomed at 1196$ ?! definitely , and its first resistance area to break is the 1235$ . The rally from 1196$ to 1223$ at the time of writing is technical driven , however the catalyst was brexit deal news , cabinet support and ministers resignation. Would that rally vaporize anytime soon?! Nooo...big no , for real. Soon enough we will see 1250$ . dont get trapped shorting the precious metal before 1500$ is seen ... Be a friend to the trend if you wanna make some money trading gold in 2019.

Theresa may addresses the parliament after the resignation of many of her ministers over brexit deal which is described to be a disaster splitting the nation. I think she might resign as well before being ousted!!!!

Post brexit minister Raab resignation and possible no confidence vote for theresa may , there is a lot of stress on sterling against the us dollar. So what is the price target for #gbpusd? We have only two support areas . first we have 1.2720$ , followed by 1.2540$ ... A price not seen this year so far . Your stop loss should be around 1.2960$, which will be big hurdle/ resistance area for cable to break.

$gblusd fell almost 100 pips on the news and I am sure it will bleeding more pips for the rest of the day... Updates on brexit deal will follow.