The US dollar is currently in a correction, but is likely to continue the trend down.
GOLD: bullish 'Flag' pattern
Information is not investment advice
There's a bullish 'Flag' pattern, which has been confirmed. So, we should watch the next resistance at 1286.15 - 1295.25 as a potential target. The subsequent pullback from this area could be a starting point for a decline towards the previously tested support at 1281.94.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.