After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
GBP/USD: pound is overbought
Technical levels: support – 1.4160; resistance – 1.4220.
- Sell — 1.4220; SL — 1.4240; TP1 — 1.4160; TP2 — 1.4130.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market is growing up but overbought now and under the main 4H-resistance.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.