Bullish target for NZD/USD
NZD/USD made a confident rebound during the recent two weeks.
XAU/USD: Indians will show way for gold
Recommendation: SELL $1280 SL $1296 TP $1264 TP2 $1250
On the daily chart, XAU/USD managed to return inside the bullish medium-term uptrend channel. Successful test of resistance at $1297 will trigger AB=CD pattern. Its 200% is near $1385. On the other hand, failure will allow bears to seize the initiative.
On H1, XAU/USD formed a reversal pattern: a combination of “Three Indians” and 1-2-3. A break below correction low at the point 2 will signal the start of corrective move. There’s also diagonal resistance at 23.6% of the last bullish wave.
Ivan Karamazov
Similar
Levels to trade EUR/USD
Last week EUR/USD tested 1.1570 but then retraced down and closed below 1.15.
Trading GBP/JPY on the news
Britain will release some economic data today. The forecast is positive. It’s possible to try to exploit this idea trading GBP/JPY.
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