andyphan_hcm

andyphan_hcm

Gold might retest the strong resistance before a drop under the pressure of FOMC meeting next week.

andyphan_hcm

Gold price has had an unpredictable week before the NFP meeting. By the end of last week, gold price stopped at 1942.6 also H1 key level. Look at the W and D timeframe we will see the downtrend structure. Gold has failed to break through the previous support at 1930 area and created a lower low. With the CPI announcement will be happening by Thursday next week,...

andyphan_hcm

My thought on GU pair: GU is in bearish market when DXY has spike up. GU is being tested at support zone which is 1.25300 and might be in corrective wave before the release of Inflation Rate news from England. After that, it will remain the main trend aiming at the next level of support at 1.22800. Resistance: 1.24250 Support: 1.22800