Gold: short-term trade ideas
Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
CHF/JPY failed to recover
Information is not investment advice
CHF/JPY has recently broken below the support line from May lows. On Tuesday, the pair tried to revisit higher levels but ultimately closed near the day’s low forming a candlestick with a long upper wick on D1. This means that sellers seized control and may pull the price lower. On H1, there’s a “Head and Shoulders” pattern with a neckline at 108.60. Although the pattern wasn’t formed after a long uptrend that makes it weaker, a decline below 108.60 will still open the way down to the 108.00 area (August lows).
Elizabeth Belugina
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AUD/USD is looking badly
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
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Gold: short-term trade ideas
Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
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