GBP/CHF falling inside minor impulse 3 Next sell target - 1…
XAU/USD: gold is looking for a bottom
Recommendation: BUY 1246 SL 1231 TP1 1261 TP2 1280 TP3 1300
On the daily chart of XAU/USD, the short-term downtrend continues in line with the formation of a “Double top”, AB=CD and a “Widening wedge”. Bears aim at 1231 and 1218 (261.8% and 113% targets of AB=CD and the “Shark”). Bulls are counting on the counterattack from 1229-1232.
On H1 of XAU/USD, there’s a formation of a “Spike and reversal with acceleration”. A break of a trendline will increase the risks of a pullback to the upper border of the downtrend channel.
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…