Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
XAU/USD: gold is catching a bat
TP1 $1322 TP2 $1350
On the daily chart, XAU/USD bulls managed to lead the pair out of the upper border of the consolidation range between $1266 and $1288 an ounce. In order to count for the uptrend’s resumption, buyers need a successful test of $1300-1302.
On H1, the exit out of the 1266-1305 consolidation range will likely lead either to the formation of the “Bat” pattern with a target at 88.6% or the resumption in the medium-term downtrend.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...