Looking at the price movement on XAUUSD, It continues to give us higher highs but the Awesome Oscillator indicator is failing to correspond according. Which indicates a bearish movement on Gold. I look forward to some shorts..
The previous week ended up forming a hanging man candlestick pattern which gives most of us the signal of some shorting opportunities. However i expect a retest on the 4Hr TF before price pushes to the down side. Thanks for viewing this and kindly share your valid ideas about this.
Based on S & R, USDJPY price might react good on the resistance level and we have the opportunity for a sell.. lets pay attention to how price reacts on the resistance level.