XAU/USD:  gold wants more but...

XAU/USD: gold wants more but...


SELL 1315 SL 1330 TP 1285 TP2 1272 TP3 1244

SELL 1325 SL 1340 TP 1295 TP2 1285 TP3 1272

On the daily chart, XAU/USD keeps forming a “Broadening wedge”. The pair’s correcting to 23.6%, 38.2% and 50% of the wave 4-5. It’s usually used for forming short positions. The inability of bulls to lead the pair outside of the downtrend channel points at their weakness.


On H1, a “Shark” is transforming into 5-0. At the same time, the pair is forming a “Broadening wedge”. Pullbacks to 23.6%, 38.2% and 50% of the wave 4-5 should be used for selling.



USD/JPY took a blow

USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

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.


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