Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/AUD broke key resistance level 1.7600
2019-11-11 • Updated
- GBP/AUD broke key resistance level 1.7600
- Next buy target - 1.7800
GBP/AUD continues to rise inside the medium-term impulse wave (3), which started earlier with the daily Morning Star from the support area near the strong support level 1.7350 (which has been reversing the price from June) and the lower daily Bollinger Band. The price today broke the key resistance level 1.7600 – which should accelerate the active impulse wave (3). GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.7800.
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Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.