GOLD DAILYPrice made a clean break of the wedge pattern since I last posted moving over 250 pips.. Price made a weekly closure above monthly key level 1300, I am now expecting a touch to the 38.2 fibonacci before a continuation up.. 1305 is acting as a level of resistance, but with the momentum as it is can easily rip though & continue higher. Gold looking to continue bullish though 2018 in my opinion next target is 1332 & potentially up to 1372 monthly resistance!
Higherhigh
GBPCHF 4HPrice back down at daily support again & has been ranging between the 61.8% & 50% fib level.. Price tried multiple times to break the level its at now but quickly pushed back to the upside, & has rejected this support level since the market has opened. So I am anticipating a bounce from here a break of this support zone will send this pair steep to the downside
NZDCAD DAILYPrice failed to break weekly resistance, breaking out to the upside of its falling wedge as well. Looks like the Moving averages are crossing over to the upside as well & price is breaking high base resistance showing a potential change of trend. Weekly candle closed with a bullish engulfing as well. More upside expected here..
NZDUSD 4HPrice finished off the week with a bullish engulfing weekly candle close, rejecting at a key weekly support level. Seems to have broke out of its 4 hour channel as well as breaking & closing above daily resistance turning support. I will be looking for buy opportunities if price can stay above daily support its above now .!