Daily Market Analysis

On the daily chart of gold, the bulls failed to settle down above the important resistance level of $1,287 per ounce…

On the AUD/USD daily chart, the bulls for the second time in the last couple of days tried to push quotes out of the downward trading channel…

Safe-haven assets, including the yen and gold, are still under pressure as investors whet their appetites for the riskier assets after centrist Macron qualified for the May 7 runoff alongside far-right nationalist Marine Le Pen…

Bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.

Bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are under strong resistance on daily timeframe; the local market is overbought.

AUD/NZD reversed from support zone Next buy target - 1…

EUR/NZD rising inside intermediate impulse wave (3) Next buy target - 1…

Wave 2 has been continued, so there’s a new local high. Previously, we’ve got a wedge pattern in wave 1.

A new “Window” has just arrived, but the price faced a resistance on the 55 Moving Average.

There’s a new “Window”, but we’ve got a bearish “Belt Hold” at the local high.

Oil prices regained their footing on Monday following substantial losses they experienced last week as an OPEC-led committee pledged to back extension of the supply cut deal and as investors favored riskier assets after the first round of the election…

We’ve got a “Pennant”, so the market is likely going to achieve the closest resistance at 1.2911 – 1.2945 in the short term.