Bitcoin is on strong weekly support, and on the major trendline, and as the new year approaches, we can certainly expect the growth of this cryptocurrency.
As for gold, this is how we see it. in each of our scenarios the gold should reach the 1825 area, after that it should be tracked, whether it goes to a deeper retest, or from there it will bounce to a double top or still a higher high. as for the short term analysis, gold should certainly come to at least the basic retest that is 1884 area before continuing downwards.
GBPAUD has broken through a strong key level, so we can definitely put a sell order around 1.79 area, where you should come by weekly timeframe for a retest, until then whoever is brave can go long to the same price.
AUDUSD broke through a strong structure and now what we can expect is that it will reach 0.70400 areas where we will certainly be interested in a long position.
There is not much to think about, a strong weekly uptrend, plus an obvious W pattern.
Since the monthly timeframe what we can see is that EURUSD is too overbuy, so it should go a little down. At least on the retest and then continue the path, which certainly depends on the strength of the dollar. But what we can definitely see on the daily timeframe is that this pair is definitely going into channel trade, and until it cuts and closes below 1,175,...
What we can notice with gold is that it is stuck between 2 areas. Either from 1927 to 1970, we can't know where the gold will go until it breaks and closes the price below 1927, or if it takes a long and closes above 1970, then the picture will be much clearer. The target if it breaks down will be 1800 area, and if it goes up it will be (at least the first target 2060)
A little weirder channel trade but it can be called that. you can definitely put a sell order at 0.96500, plus it has a very obvious M formation. But if it breaks through and closes above 0.96600 area, we go for a different strategy, or you long.
For AUD/JPY if we want to go short it is very important that today closes below 77,200 area. Then we can get in a short position with much greater certainty, up to 76,150.
Long awaited short, if you manage to catch a short on the 2015 area it would be great. Then you can drive it all the way to the long-awaited 1825 area, and of course from 1825 we go long to the optimistic 3000
when we look at GBP/USD on the weekly chart, we can see that it is on a pretty strong structure, and certainly without any retest, so our tip for this pair is definitely short.
EUR/USD is quite overbuy, almost without a retest, so we can certainly expect back to the first possible retest, which would be around 1.66 area.
GBP/CAD went the same as we planned, now the question is whether it will break the structure around 1.74800 area, or will continue down to a deeper retest towards 1.71800 area. But since bad news is expected for GBP next week, and for CAD was good past week, I think it will definitely go for a deeper retest.
Everything went as we planned, the next step is for EUR/NZD to go to the retest, and from the retest to go to 1.82500 area.