price has broken through the support of the triangle = 1.64
Looking for an entry when it retest 1.64
Short term target = 1.625
Long term target = 1.603 ( there is an uptrend since 3/12/2018 from 1.536/1.537, 1.603 = support of the uptrend)
The price once hit 0.98 level in December 2008, and on this Wednesday, it was rejected by 0.9190 which plotted the third points of the downtrend since December 2008.
Strong sell for me.
As for short term strategy, I will seek opportunity to sell at around 0.9130, as there is a sideways trend between 0.9095 and 0.9135.
although the Fed chairman Powell stated hawkish stance, technically, 1400 still is a valid support.
see XAUUSD goes sideway in the range of 1400 - 1430/1433.
Buy at around 1400, 1st tg 1418, then 1425, then 1430/1433
AUDUSD is in the forming of downtrend from 0.7390 - 0.7400.
on the other hand, AUDUSD is going up now since it found support at 0.6830.
In short term, see support at 0.6960, which is the support of upward trend line. When the support be validated, price would go up test long term downtrend line resistance - 0.7060, IMO.
like said in the chart, 1434/1435 is very important
if the price plunged under this support, then 1408 is the mid-term target
if the price was supported by this level, then 1452 - prev high would be tested again.
Main trend is Upward. As for short term, it will be better not trade gold.
Prices broke shoer-term downtrend resistance; double bottom pattern done. Now rejected by Fibo 61.8 = 1.2344-1.2347
price went down test 1.23 level.
long if price found support in the range of 1.2280 - 1.23
The gold is in the forming of triangle.
price tested 1430, and been rejected.
see short term support at 1417/1418
support of the triangle sits at 1403-1406.
short term trade for me, I will seek a short position around 1430. target: 1403-1406
GBPUSD is in the forming of downtrend. But it just hit channel support 1.268. See 1.266 - 1.268 as the support zone.
Once it confirm validation of support zone, 1.267 will be on the way.
It is worth to buy around 1.25