Irregular bullish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun.
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.
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of GBP/USD, bulls could return the pair to the upper border of the downward channel.
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...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...