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Last weeks bearish engulfing candle could signal the start of a correction back to the trendline. Look for a break of the low and a sell setup that meets your trading rules. This is an idea of what MAY happen. Always trade with a profitable strategy and good risk management.

FusionMarkets Broker

The overall market direction is bearish with sellers in control. However, with a triple rejection of circa 0.58500, we have seen a bottom formed and buyers now in play. There is a potential for price to continue bullish towards the trendline. This is an idea of what MAY happen. Always trade with a profitable strategy and good risk management.

FusionMarkets Broker

Price has been in a correction pattern recently after the start of a bearish impulse from 1.5959 Now price has broken out and began the next impulse lower. Look for a sell setup to target the -27% Fib and then potentially the -61.8% Fib. This is an idea of what may happen. Always trade with a profitable strategy and good risk management.

FusionMarkets Broker

XAU/USD was finding support last week at the $3270 mark for a second time on the four hour time frame. The last four hour resistance was also seen last week at circa $3365. Look for price to head back towards resistance. This is an idea of what may happen. Always trade with a profitable strategy and good risk management.

FusionMarkets Broker

Over March and April 2025, price has been trying to break the 101.50 to 102.00 zone which was support in August 2024. The last 2 day candle in this area printed as a bullish Hammer candle which was followed by 2 more bullish candles. We may possibly see price break out above the trendline and buyers taking control of the market. This is an idea of what may...

FusionMarkets Broker

Price is back at a territory not seen since early 2022. In January/February 2022, we saw buying stall at circa 1.1460 for 4 weeks before the turn around and sellers taking control. Could we see something similar now?