The US dollar is currently in a correction, but is likely to continue the trend down.
GOLD: market to reach nearest resistance
Information is not investment advice
There's a bearish 'Engulfing' pattern, which has been formed under a local 'Window'. This pattern hasn't been confirmed enough, so it's likely that the market is going to reach the nearest resistance at 1312.97 soon. If a pullback from this level happens next, there'll be a moment to have a decline towards the previously tested 'Window' (1276.38).
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.