The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GOLD: bullish 'Flag' pattern
There's a bullish 'Flag' pattern, which has been confirmed. So, we should watch the next resistance at 1286.15 - 1295.25 as a potential target. The subsequent pullback from this area could be a starting point for a decline towards the previously tested support at 1281.94.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?