What lies ahead for gold?
As you must already know, the direction of Gold is mainly dependent on the Price action of DXY (US Dollar index). So first, we take a look at the US Dollar index.
NZD/USD: is NZD really strong?
2019-11-11 • Updated
Recommendation:
BUY 0.669 SL 0.6635 TP1 0.679 TP2 0.6815 TP3 0.6865
BUY 0.661 SL 0.6555 TP1 0.671 TP2 0.679 TP3 0.6815
On the daily chart of NZD/USD, there is an implementation of the "Shark" pattern. The pair has almost reached the 88.6% target. To reach it and continue the upward movement, the pair needs to stick above $0.6742 (61.8% of the longterm upward wave).
On H1, the pair has been reaching 88.6% and 161.8% targets of "Shark" and "Crab" patterns. Pullbacks to important supports at 0.669 and 0.661 can be used to buy.
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