Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
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.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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