GOLD: main trend remains bullish

GOLD: main trend remains bullish

Information is not investment advice

The main trend remains bullish. There're bullish patterns such an 'Inverted Hammer' and a "Hammer', which both have been confirmed. Also, the lower 'Window' has acted as support once again. Thus, the market is likely going to reach the upper 'Window' (1330.24) in the next couple of days. The subsequent pullback from this level could lead to a downward correction towards the Moving Average lines.



The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

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