Gold is still with our buy trend hence we continue looking buys, With DXY at a resistance zone, these are our last retracements and reversals before big swings. We can also see a clear inverse head and shoulders.
We have been failing to trade above our highs which means the lows are becoming more and more weak, we then had to confluence to confirm that the market has changed character and signaling trading on the right side of our diagonal trendline which is formally a breakout of structure. Look into the trade idea for entry triggers and comment below.
FX:USDCAD looks bullish pre fed with oil and gold going up we are heading for the bearish order block.
TVC:GOLD Could see a slight change in bias due to the upcoming fed meetings, I personally expect the USD currency to weaken as the rates could affect it in thus manner.
Looking for longs on EU. bre OANDA:EURUSD
Dollar index showing obvious signs of weakness. A bigger timeframe head and shoulders structure .Expecting a further push to the downside.