Gold is keeping itself in the range between 1227 and 1211. The movement is characterized by relatively low volumes but selling is predominate. Nevertheless, even a small increase in volume causes significant upside which is a good signal for bulls. DXY growth plays its role by suppressing bull's power (buying) for now. Going outside of this range leads to...
Simple 4h chart. In my opinion, we are currently in a strong upward movement. 1307-1308 level seems like a big resistance. If it breaks, the next minor resistances will be 1310, 1313 and 1316.
Gold seems to be getting bullish signals and regaining its strength after a fairly big decline last week. I am already long and will be adding to my positions if this metal breaks above 1261. First TP for me will be 1305 although I would be happy if there were more bullish signals for a full retracement up to the 1376 mark.
XAGUSD looks bullish. According to my analysis resistance can be seen in the areas of 18.000, 18.460, 18.720, 19.300 and 20.070. My first target is set on 18.720. After that I expect a retest towards 18.460 or 18.000 with a subsequent raise up to 19.300 and 20.070 in perspective. My SL is in the 17.000 region.
EURGBP has lots of potential to continue upside movement on a daily chart. Good chance for a breakout. My first idea.