GOLD: 'Shooting Star' at the 'Window'

GOLD: 'Shooting Star' at the 'Window'

There's a 'Shooting Star', which has been formed at the 'Window', but confirmation of this pattern isn't enough. In this case, it's likely to have a local downward correction towards the support by the last 'Evening Star'. The subsequent pullback from this level could lead to another bullish price movement in the direction of the next resistance at 1356.58. This level could be a starting point for a deeper correction to the previously tested support at 1301.14.

2102xauusdh1.png

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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