Gold will continue to consolidate
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
Tag - forex signals
Trading plan for September 14
Thursday American CPI data pulled the US dollar index below the psychological level at 95.50.
XAU/USD: bulls should surrender
On the daily chart of XAU/USD, bulls couldn’t break the resistance at 1,216 and hold the pair above 1,209.
USD/CAD: the loonie is waiting for the signal from the “wedge”
On the daily chart of USD/CAD, bears couldn’t break the support at 1.2885 and keep the pair below 1.296.
Trading plan for July 27
The US dollar index has managed to recover after a significant fall.
USD/CHF: the franc dreams about the “wedge”
On the daily chart of USD/CHF, bulls failed to pull the pair out of the upper boundary of the 0.9855-0.9995 consolidation.
EUR/JPY: bulls are acting
On the daily chart of EUR/JPY, after the pair reached the 78.6% target of the “Gartley” pattern, it rebounded down.
GBP/USD: the pound is not afraid of waves
On the daily chart of GBP/USD, the pair keeps reaching targets of the “Wolfe waves” pattern.
USD/CAD: the loonie follows the “Bat”
On the daily chart of USD/CAD, bears try to counterattack and implement the “Bat” pattern.
XAU/USD: gold fights for an initiative
On the daily chart of XAU/USD, the pair reached the 88.6% target of the “Shark” pattern.
AUD/USD: bulls are acting
On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern.
NZD/USD: the kiwi learns to fly
On H1, bulls get ready to break the resistance at 0.6825.
