XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
Analyst expects EUR/USD to break higher
Recommendation:
BUY 1.1710
SL 1.1655
TP1 1.1810 TP2 1.1940 TP3 1.1990
On the daily chart, EUR/USD came close to an important resistance at 1.1710 (38.2% of the long-term rising wave). If it manages to get above it, EUR/USD will trigger an AB=CD pattern with a target at 200%. Formation of a “Shark” pattern with the 88.6% target will become more likely.
On H1, there’s a “Spike and ledge” pattern. A break of the upper border of the 1.153-1.1710 consolidation range will trigger a “Head and shoulders” pattern and AB=CD. Its 200% target lies at 1.1940.
Ivan Karamazov
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XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
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