EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
XAU/USD: an attempt to recover
Information is not investment advice
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461. The price has managed to break above the short-term downtrend line, MAs on the H1 support it. If gold rises above $1,467, it will bottom and have scope to strengthen to $1,472.35 (38.2% Fibo of November decline) and $1,476.40 (50-period MA on H4). We don’t count on further advance for now, as XAU/USD will run into the resistance of the 100-day MA at the mentioned levels. On the downside, a fall below $1,459 is needed to open the way to $1,446.
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
USD/CAD: Canadian positive data vs US negative data
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Gold surpassed $1 800. Will it set new record?
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Choose your payment system
