XAU/USD reached resistance of the uptrend channel in the area of 1347.
XAU/USD: gold rebounded from the bottom
TP1 1288 TP2 1301 TP3 1316
On the daily chart, XAU/USD pulled back after reaching 224% and 88.6% targets of AB=CD and “Double top”. To continue the rally towards the lower border of the uptrend channel, bulls need to conquer resistance at 1268.
On H1, a break of resistance at 1266-1268 will open the way up to the upper border of the downtrend channel and 88.6% target of the “Shark” at 1301.
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…