EURUSD is looking to take complex correction pattern. short term buy suggested.
from previous analysis XAU/USD has reached 1834 sell point and fall to the lower buy zone to each higher sell zone. keep an eye on the reversals to take proper entries with risk management.
Next set of predictions as to how gold is going to react to market sentiments. Its going to be one bumpy ride for all. if your profound enough u can ride both. keep your eyes open.
As we could see gold topped 1982 making new high and trading between 1916-1676. RSI is also trading above 50 thus there are equal chances of testing the high again. we can also see as per ABC correction it has reached 0.382 of fib retracement. Im looking for a long position as the weekly chart shows buying pressure finishing the previous week in green and the...
GBP has hit the selling zone and making its way down to 1.24800 range. once the previous low breaks we can enter a short keeping the recent high as sl for a target of 1.31558,1.28228 and finally 1.24800. other scenario would be to sell when it comes to the sell zone again.