Gold is likely to push the prices higher after forming a double bottom . The price are likely to retest the 61.8% fib. which is around 1804 Buy after a close above the 78.6% fib
The pair had previously formed a head and shoulder pattern & broken below the neckline. The pair is now retesting the neckline with bears seeming to take control of the market. Look for selling opportunities with take at around 38.2% Fib. Good Luck
Sellers seems to have taken control on the gold. The downward trendline which starts on Jan 21 have currently been retested & seems to be well in play. The prices have also broken and retested the 50% fib. Prices likely to retest the 61.8% & 76.4% fibonacci in the near future.
the pair broke above the 38.2 fib and retested it.IT has also closed above 100Ma on both daily and weekly time frame
The price broke below the upward trendline and retested it.
The price is retesting the 23.6fib where the price might break above the 0.91148 region. Wait for a close above the 0.91148 region on 4hr and open a long position targeting the 38.2fib region
The pair is likely to move back to 1986 region after retesting the 38.2 fib
usdjpy has formed a wedge and broken below the wedge. it has a bearish pin bar on the weekly time frame and also closed below the 38.2 fib. good opportunity for selling.