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GOLD: price to test Moving Averages

GOLD: price to test Moving Averages

Information is not investment advice

There's a bearish 'Harami', which led to the current decline. Also, we've got an 'Inverted Hammer', but this pattern remains unconfirmed. Thus, we should watch the Moving Averages as a potential target for the current correction. The subsequent pullback from these lines could lead to another bullish rally towards the upper 'Window' (1307.72).

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AUD/JPY may fall further

AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.

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