Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
XAU/USD: gold was captured by bulls
TP1 1372 TP2 1390 TP3 1400
On the daily chart of XAU/USD, a recoil from support at 1320 allowed bulls to counterattack. In case of a successful test of resistance near 1342, the odds of advance to 113% and 127.2% targets of the “Shark” and AB=CD will increase.
On H1, if XAU/USD gets out of the descending triangle and rises above resistance at 1347 and 1357 will allow bulls to count on the continuation of the advance to 161.8% target of the “Crab” pattern.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...