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.
Stock market: Pepsico keeps fighting
Trade idea
BUY 132.60; TP 135.00; SL 131.25
The stock of Pepsico formed a kind of messy inverted “Head and Shoulders”. On W1 we see a sharp reversal of the price to the upside. It has also managed to overcome the July-August resistance line and finally closed above the horizontal 50-day MA in the 131.50 area. Bulls will remain in control as long as Pepsico is trading above the support in the 128.60/127.50 zone. The advance above 132.50 will open the way up to June and July highs in the 135.00 area.
Elizabeth Belugina
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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.
AUD/USD is looking down
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
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