Last week NZD/USD made a significant thrust to the downside.
XAU/USD: bulls are counterattacking
BUY $1328 SL $1313 TP2 $1346 TP2 $1358
SELL $1302 SL $1317 TP1 $1272 TP2 $1245
On the daily chart of XAU/USD, bulls to continue the rally to 127.2% and 1.618% of the senior and junior AB=CD need to overcome resistance at $1,340 and $1,360 an ounce. On the other hand, another test of support at $1,302 in case of success will lead gold to 88.6% target of the “Shark” pattern.
On H1, a break of resistance at $1,328 will open the way to 113% and 88.6% targets of the “Shark”.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…