Last week NZD/USD made a significant thrust to the downside.
XAU/USD: gold is falling into abyss
TP1 $1237 TP2 $1222 TP3 $1212
On the daily chart, the inability of bulls to overcome resistance at $1299-1302 an ounce points at their weakness. If sellers manage to trigger AB=CD, risks of continuation towards the 200% target will significantly increase.
On H1, gold is correcting as the “Shark” pattern is transforming into 5-0. If bears want to return the quotes to support levels at 78.6% and 88.6% and conquer them, the continuation of the downtrend will become a reality.
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…