In the world of financial markets, traders and investors are continually on the lookout for opportunities to make profitable trades. Three assets that have recently garnered attention are NAS100, GBPAUD, and GOLD. 

These three instruments have experienced bullish setups, indicating the potential for positive price movements. In this article, we will delve into the factors behind their success and what traders can expect in the near future.

The NAS100 Performance 

(UPDATE) - NAS100 is now trading within an impulse wave.

NAS100 created the 3rd low of the pattern and rallied to the upside according to the previous commentary. The market is now trading within the bullish impulse wave and has resumed the bullish trend. Although traders are bullish, they will be aware of the top of the pattern where the market is trading and will start managing their positions because of a possible rejection that could form.

The GBPAUD Performance 

(UPDATE) - GBPAUD is up +200 pips.

GBPAUD successfully completed a bullish continuation structure and pattern and has caused the market to continue trading to the upside. The break and close above the previous resistance zone around 1.91662 provided trading opportunities. At the moment the market is a few pips away from the target which is at the next resistance zone around 1.93570.

The XAUUSD Performance

(UPDATE) - GOLD also completed the pattern.

GOLD rejected the support zone around 1855.55 and also completed the bullish continuation pattern upon the break and closed above the counter-trendline. This price action provided trading opportunities to the upside. Traders anticipate GOLD to reach the next resistance zone around 1891.91 where targets are set.

Read More: Gold Price: The Misconceptions About Investing in the Precious Metal

Final Thoughts On Today’s Analysis 

NAS100, GBPAUD, and GOLD have all experienced bullish setups, and these setups are the result of a combination of economic, monetary, and technical factors. It's essential for traders and investors to closely monitor these assets, as they may present potential trading opportunities. 

However, it's crucial to remember that markets can be unpredictable, and thorough analysis and risk management are essential when considering any investment or trade. As always, diversification and staying informed about global events are keys to successful trading and investment strategies. Subscribe to our YouTube channel today to learn more.