Gold would continue to retest the resistance area (1948 - 1980)? Fundamental analysis: DXY dump seems still a factor, but what I am looking for now that all equity market from Asian to USA have shown some signals to surge. We did see the same price action in all equity market + Silver + Gold and Bitcoin, they are so correlated to hold theirs support zone....
Bias: Bullish trend will continue, however it matters where we can see the entry point for a long position. 1. As mentioned in previous chart updates, we have been in a bullish trend, HH and LL. More than that, I am not surprised that the price action is really well respecting the EMA 200 days, except for many bad or good news of oil price. ( A myth is that Oil...
USD/CAD is clearly in the bearish trend last week. The issue here is that how many times the price will retest this level of support? Double bottom or even triple? Or it could break up and continue to fill up the gap down? 1. Well-respected the bearish trendy line and EMA 20/25, lower high and lower low? 2. Gap down is nearly filled up? 3. This level is...