Dec. 7 – Top Trade Setups For The U.S. Session!

Good afternoon, traders. The liquidity remained low during Asian & European sessions, but I'm excited about the US session. Are you guys rea


Good afternoon, traders. The liquidity remained low during Asian & European sessions, but I’m excited about the US session. Are you guys ready for US jobless claims?

Gold// XAUUSD – Our forex trading signal on Gold is doing well, and we need just need to move stops at the breakeven level of $1,258. It’s about to hit Tp at $1,254. Later, we can take a buy position above $1,248 and $1,250 to target 50 -60 green pips.

Nikkei – The Japanese Index is trading bullish and it’s very likely to target $22,660. Fellas, the further movement is depending upon Japanese GDP date which is due to be released at 23:50 (GMT) today.  However, $22,660 is a nice level to enter a sell position with a target of $22,500.

S&P 500 // SPX – The U.S. stock index placed a high of $2,554.88 and missed our take profit by few pips. Now it’s trading at $2,552 with a support at $2550. Taking a buy position above this levels seems to be a good idea. The stop should be below $2545 with a target of the target $2525.

GBPJPY – Guppy has a really strong resistance at $151.500. I’m placing my sell limit here to target $150.750. Once again, bear in mind the Japanese GDP later today.  

Good luck fellas, stay tuned for more updates and exciting forex trading signals.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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