We can see that gold has broke the major trendline. We expect a further extension to the 2013 resistance and then expect a retracement phase.
It will be seen whether it will also break the resistance or bounce against it.
GBPCAD shows a Bearish Pennant Pattern in formation. My bias is that it should fall a little bit further before correcting the current impulsive wave.
Entry point: 1.66275
STOP LOSS: 1.67843
TAKE PROFIT 1: 1.65491
TAKE PROFIT 2: 1.64224
TAKE PROFIT 3: 1.62109
