gold reduced barely as compared to the previous day morning. Despite being beneathneath strain to take income after hitting an all-time excessive in advance withinside the week The US Federal Reserve (FED) has constantly expressed its view that it's going to now no longer rush to begin a cycle of loosening economic policy. However, gold did now no longer react...
If you want more, please give me a like and comment. The price after breaking the up channel, at 9340 the price formed a resistance, after hitting a few times, became a confirmation of bearish Now the price has started to form a down channel. (Last post) I waited to see how the price reacts to resistance, it seems to be positive and respect the down channel.
Hoping to see some breakouts on this pair next week. If we do, USDCAD will be a great trade for 2020, not jumping into this one just yet, waiting for more conformation.
An update of the DXY chart previously made. Just with added confluence. Could see a nice solid American attempt to trap as many dollar bulls as possible into the Mid-September rate cuts looming over that insurmountable debt climbing exponentially at about $2,000,000/second.
Looking for a possible gap down on open against the volatility of the NFP close on Friday. Could give a nice head and shoulders sentiment.