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looking like a bearish breakout on the hourly chart, as well as other charts. With the speech coming within the next hour should also prove to be bearish for this pair. Good luck, and always use appropriate risk management!
after Thursday's consolidated market for the precious yellow metal we saw some rejection around 1254.7 which indicates we'll see some more movement toward the upside in the near future. Into the weekend and next week we should see some significant movements around 1260+. Use smart risk management and happy trading.
A weak dollar makes for increases in our favorite yellow metal, and this just goes to show exactly what a weak dollar can do to it. Lets look for some more pips going into the next week with this one. After Gold's low around 1207, a reversal pattern on the fib was recorded and used to generate solid profits. Keep an eye on this pair into the weekend and...
looking at a 15m chart, I am looking to see a breakout on the upside for gold to at least 1230. don't hold your breath on this one, but keep it in mind when looking at this pair.
Use risk management.
Looking to long USDCAD from 1.323 with a TP around 1.3315. I see significant resistance around this area signifying a surge in the market. After today's news both on the USD and the CAD a retracement to 1.33 is very likely. Use risk management appropriate for your lot size. Good Luck
This UJ downtrend is noticeable from not only news predictions, but frequencies in long term trend lines also show UJ for the sell. A retracement pattern will be seen for the remainder of the week into the weekend.