On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
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.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…