After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
XAU/USD is testing support
Information is not investment advice
XAU/USD formed a pin bar on W1 — such candlestick usually marks a reversal to the downside. On H4, the price has already formed a lower high and is testing support line from November in the 1318 area. The decline below this support will confirm a “Double top” and send gold towards 1309 (200-period MA).
The return above 1321 is needed to open the way back up to 1326 and 1330.
GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.
CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.
FLAGS EURUSD M30 ARROW Resistance 1…
Are we going to see even cheaper oil? Possible. Read the article to have an idea.
Is gold predictable now, at all? Let's consider some facts and observations.