The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
XAU/USD: gold made a pullback
BUY $1324 SL $1309 TP1 $1354 TP2 $1374 TP3 $1394
SELL $1302 SL $1317 TP1 $1267 TP2 $1240
On the daily chart, XAU/USD has reached the targets of “Three Indians” pattern. As long as gold is trading above support at $1302-1306 an ounce, bulls remain in control. It would be wise to use a pullback from these levels to buy with targets at 127.2% of the AB=CD pattern. On the other hand, the metal’s decline below the key support will increase the risks of the reversal “Widening wedge”.
On H1, XAU/USD formed a “Head and Shoulders” pattern.
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…