Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
GOLD: 'Shooting Star' at the 'Window'
Information is not investment advice
There's a 'Shooting Star', which has been formed at the 'Window', but confirmation of this pattern isn't enough. In this case, it's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level could lead to another bullish price movement in the direction of the next resistance at 1356.58. This level could be a starting point for a deeper correction to the previously tested support at 1301.14.
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