6 December Free GBP/USD, XAU/USD, ETH/USD and BTC/USD Trading Signals


Our 6 December Free Trading Signals for GBP/USD, XAU/USD, ETH/USD and BTC/USD include technical outlook as the following:

6 December GBPUSD trading signal

On Tuesday on H1 timeframe GBP/USD broke above the resistance level at 1.2950, which was holding the price for three previous trading days. On Wednesday pound broke psychological resistance at 1.3 and jumped above 1.31 level. On Thursday pair appreciated to 1.3170 forming bullish channel. Right now the pair stays above both 50 Moving average (red line) and 200 Moving Average (blue line), which is an indication of a bullish trend, so that I do expect the pair to move higher. I’m looking for buy orders from the lower channel boundary. TP level is towards the higher end of the channel. Traders should closely monitor US fundamental data (nonfarm payrolls and unemployment data) set to release at 1:30 pm GMT.  Scroll down to see the signal details with my SL, TP and entry levels for GBPUSD.

GBPUSDH1

6 December XAUUSD trading signal

On Tuesday XAU/USD broke above the bullish channel. where the price stayed for 4 previous days. The bullish momentum was strong enough to push prices above the 1480 level. On Wednesday price corrected and touched dynamic support in the form of 50 Moving average (red line). On Thursday the pair fell below MA 50. Right now the pair stays above 200 MA (blue line), but below 50 MA. Traders should closely monitor US fundamental data (nonfarm payrolls and unemployment data) set to release at 1:30 pm GMT. Scroll down to see the signal details with my SL, TP and entry levels for XAUUSD.

XAUUSDH1

6 December ETHUSD trading signal

Last week Etherium fell to the lowest level since April 2019. But after touching 131 level, the price started a correction. Right now ETH/USD price is staying in between 50 Moving average (red line) and 200 Moving average (blue line) on H1 timeframe.  I’m currently looking for sell orders below 140 psychological support level. Scroll down to see the signal details with my SL, TP and entry levels for ETH/USD.

ETHUSDH1

6 December BTCUSD trading signal

Last week BTC/USD fell to the lowest level since May 2019. But after touching 6500 level, the price started a correction. Right now BTC/USD price is staying in between 50 Moving average (red line) and 200 Moving average (blue line) on H1 timeframe. I’m currently looking for sell orders below psychological level 7000. Scroll down to see the signal details with my SL, TP and entry levels for BTC/USD.

BTCUSDH1

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