As we all know, US has increased its interest rate from 3.25% to 4.00% by this USD will get stronger. I believe GOLD will fall back to 1640 and then 1620.
Last week JAPANE has not increased its interest rate and by this JPY come again in weakness after some strength but from last Thursday USD took strength against the JPY. Better to watch buying opportunity on it.
On Friday, Gold was fall badly and reached to 1640 level due to USD strongness by Q3 GDP positive data. Now for the next 2 days USD may be weak and GOLD will fly but after the Interest of US, Gold will fall back. Follow the chart.
On Friday night USD fell badly just due to the speak from Federal Member. I believe it will rise again and will make new HIGH of this year. Better to buy on DIP as I already mentioned in the chart.
Keep an eye on Dollar Currency Index. If it goes into Bullish then try to look Buying opportunity on USDCAD pair. I am bullish on it.
The market seems to be bearish. I am watching selling opportunity on it. Keep an eye on Dollar Currency Index. If it goes into bullish then sell AUDUSD.
The market of GBPUSD is trying to testing it's previous HIGH. We also knows that British Prime Minister has resigned from it's post which can also put down the GBP just because of the Economic conditions.
The market of EURUSD is standing on it's major resistance zone which can put it down back to it's previous support. Better to look sell opportunity on it.
As Dollar currency index is rising the AUDUSD is falling badly. My recommendation is to take sell opportunity on it.
The market of NZDUSD has formed Bearish Flag Pattern and now giving free fall. It will be good to take sell opportunity on it.
The market of USDCHF is forming Bullish Flag Pattern and soon it will give breakout it. Better to look buying opportunity on it.
The USDCAD is strong as Dollar Index started to rise. I am looking more bullish momentum on Dollar Index. It is better to look buying opportunity on it.
The USDJPY is forming Simple Bullish Flag Pattern and the indicators are already giving bullish sign.
The GBPUSD has formed descending triangle on H4 chart. It is better to look sell opportunity on it.
The EURUSD is near to give breakout it's Bearish Flag Pattern. But wait for the breakout and the closing below the trendline then take selling opportunity on it.
As we can see that GOLD has formed Bearish Flag Pattern and now acting on it. It is better to look short position on it.