Gold got in with doji

Gold got in with doji

On the daily chart of gold, the formation of two doji bars indicates uncertainty. To continue the rally, the bulls will need to update the March high/ A pullback towards $1,242 will lead to the development of correction towards $1,229 and $1,220. In general, the outlook for the pair is still bullish. You should consider buying on the rollbacks.

On the hourly chart of gold, the expanding wedge pattern has been formed. It may send the prices lower towards the 200% and 88.6% targets in the AB = CD and "Shark" patterns. They are located near the $1,237 and $1,229.


AUD/USD may fall

If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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