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 keep staying under SSA’s resistance
Technical levels: support – 1.3450, 1.3380, 1.3240; resistance – 1.3540.
- Sell — 1.3540; SL — 1.3560; TP1 — 1.3450; TP2 — 1.3380.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new, but weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the Bulls can’t brake through the Cloud’s resistance and may continue existing downtrend.
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.