See also
Technical analysis:
Gold has been trading upside in the background and I found breakout of the resistance at $2.045, which is sign that buyers are in control and that we might see upside movement.
Due to the breakout of the resistance and the upside reading on RSI oscillator, I see potential for the further rally towards upisde reference.
Upside objective is set at $2.069
Alternative scenario is potetnial fake breakout and if the market can trade lower into $2.040 area, there would be chance for the downside movement towards $2.030
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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On the 4-hour chart, the GBP/AUD cross currency pair appears to still be dominated by Sellers, which is confirmed by its price movement which is moving below the WMA (30
With the price movement forming Higher Low - Lower Low and supported by the decreasing slope of WMA (30 Shift 2) and the movement of Crude Oil prices moving below
Early in the American session, the EUR/USD pair is trading around 1.1345, reaching the top of the downtrend channel and showing signs of exhaustion. The euro could resume its bearish
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