Recommendation: BUY 0…
Gold: bulls push prices up
SELL $1270, SL $1278, TP1 $1250, TP2 $1230
On the daily chart, bulls made a second attempt during the 2 weeks to return the prices inside the previous rising channel. If it succeeds, the odds of an increase at least towards $1295 an ounce will sharply increase. On the other hand, recoil down from $1277-1279 will make gold consolidate.
On H1, the inability of bulls to hold the prices above $1270 зan ounce will show their weakness. As a result, risks of reversal patterns Anti-Turtles and “Widening wedge” will increase.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…