The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GOLD: price consolidating along 'Window'
The market has been consolidating along the 'Window'. The last 'Tweezers' and 'Shooting Star' hasn't been confirmed yet, so it's still possible to have a test of the local upper 'Window' (1292.09). The subsequent pullback from this level could be a starting point for another decline in the direction of the next support at 1249.83.
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
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
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.