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XAU/USD at the new highs

XAU/USD at the new highs

Information is not investment advice

XAU/USD rose to the highest levels since 2012. The advance has become stretched and the price may try to correct down. There’s a cluster of candlesticks above $1,765, they have long lower wicks – a sign that buyers don’t give up. This may lead the price to 1,775. The next resistance will be at 1,780. The slide below 1,765 will meet support at 1,759.

Trade ideas for XAU/USD

SELL 1,764; TP 1,759; SL 1,766

BUY 1,772; TP 1,775; SL 1,771




Trade opportunities in EUR/AUD

EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.

USD/JPY: follow the push higher

USD/JPY has recently formed a higher low at the end of last week. Today the pair is testing levels above the 50-day MA.


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