Gold has a high probability of completing the AB=CD pattern, and the completion price is around 1739.
Near 1739 is the early long-short conversion area and there will be a lot of support.
I think the vicinity of 1739 will be a new low-price buying opportunity.
SL 1704 under
Plan A: XAUUSD has a relatively large pressure in the 1568-1576 range. I think I can use this range and the 0.618 position to short XAUUSD.
Plan B: If XAUUSD breaks through 1577.90 I will buy gold backhand.
USDCAD completed the butterfly pattern in the 1.34140-1.34526 area,
and was the 0.618 position of the entire down market.
Consider shorting USDCAD in this area.
EURUSD will complete the Cypher pattern in the 1.2733-1.12335
area, paying attention to the performance of the price
reaching the potential reversal interval, waiting for the
reversal signal to appear or directly in the potential reversal
area to buy.
S 1.2280 under
GBPUSD completed the bat pattern at 1.27348. We observed
that the area of 1.27348-1.25834 can be found in the previous
long and short conversion area. I think this should be a good
opportunity to buy GBUSUD.
S: 1.26617 under
Through the chart we can see that USDCHF will suffer huge
resistance when it is close to 1, and we can continue to pay
attention to the performance of the price around 1. We need
to find some reversal patterns in this area, such as the K line,
or a smaller level of head shape can be sold after
confirmation. If you are a radical trader you can consider
USDCAD is testing near 1.31322, we can see that there are
multiple technical analysis resonances at this position, first in
this position the Cypher mode is sold. Once again, it is near
the top of the channel line, and there is a strong structure on
the left side, and there is a certain degree of deviation from
the RSI indicator.
USOIL has strong resistance around 73.24 and will complete
the Gartley model in this area. I think the 73.24-75.24 area is
a good short-selling opportunity. Consider shorting USOIL in this area.
S 75.30 above