AUD/JPY needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
XAU/USD: strong signals to buy the gold
Recommendations:
BUY 1230 SL 1215 TP 1263 TP2 1287 TP3 1305
BUY 1218 SL 1203 TP1 1248 TP2 1263 TP3 1287
On the daily chart of XAU/USD, the pair keeps reaching targets of “Dragon” and “Crab” patterns. To continue the upward movement, pair’s moves should form the “Dragon’s head” and retest the October high.
On H1, the pair has been reaching targets of the “Dragon”, “Spike and ledge”, “Triangle”, and “Bat” patterns. A break of the resistance at 1,230 will let bulls continue the rally. A pullback from the support at 1,218 (88.6% target of the “Bat” pattern) may be used as a signal to buy.
Ivan Karamazov
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AUD/JPY needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
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XAU/USD: an attempt to recover
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
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