GOLD: after-breakout consolidation
What happened? Gold was just above $1 800, now - back down below?
GBP/USD: 55 Moving Average acted as support
Information is not investment advice
The 55 Moving Average has acted as support, so there's a 'High Wave' pattern. Also, there's no any reversal pattern so far. In this case, the market is likely going to test the nearest support at 1.3042. If a pullback from this level happens next, bulls will probably try to achieve another resistance at 1.3359.
Galya Svetlova
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