EUR/JPY extends weakness below 38.2% Fib, bias bearish EUR/JPY trades with a bearish bias. Scope for dip till 200-DMA at 134.15. Bearish invalidation only above 21-EMA.
This week was very bearish for Gold I believe that the market is quite oversold now and we may see a pullback. As a confirmation, you can consider buying a bullish breakout of a falling wedge pattern on 4H time frame.
Gold price pared most of its gains on the US dollar rally. It regained sharply above 108 XAUUSD The near–term support is around $1740 faces minor resistance around $1750,
Price action has broken above 50-DMA and is on track to break out of daily cloud Pullback on account of Bearish RSI divergence has held support at cloud base
Gold price is trading weak for the past five days on the strong US dollar. Technical: The near–term support is around $1750, resistance around $1800
Gold Bull after inverted hammer and Bullish Engulfing candle stick pattern
GBPJPY pared some of its gains on the weak pound sterling. It lost nearly 150 pips against the US dollar after the Fed meeting minutes.
Gold price pared some of its gains after the Fed minutes meeting. US dollar index regained above 106.50 and holds above that level. Technical: The near–term support is around $1760 The yellow metal faces minor resistance around $1820
GBPJPY gained sharply above It has shown a minor decline despite upbeat UK CPI. the pair is holding above short-term 21-EMA, 55 EMA, and long-term 200 EMA (162.13).
Price action is within the daily cloud, breach below cloud will negate any further upside Investors turn cautious and refrain from placing any big bets as they await the FOMC meeting minutes.
Gold 21-EMA resistance and reverse and down side eyes 200-EMA
Gold hold above 200-EMA and testing cloud base if breakout 21-EMA further more uptrend
Gold retraces 55-EMA and hold above 21-EMA if break down 21-EMA more down trend Gold trendline major resistance zone if breakout trendline more uptrend
GBPJPY pared most of its gains on the strong yen. Technically in the daily chart, the pair is holding below short-term 21-EMA, 55 EMA, and above long-term 200 EMA (159.45).
Gold price paired some of its gains on Friday due to the strong US dollar. Technical: The near–term support is around $1770, Resistance around $1815
Gold finally break below 55-EMA and next eyes 21-EMA support and making cup and handle pattern
Gold hold above 55-EMA if break below next eyes 21-EMA support Mention at chart
Gold price regained after a minor decline to $1783 on weak US PPI data Technical analysis XAUUSD The near–term support is around $1780 Gold minor resistance around $1800,