Gold could be in a little corrective action. On this corrective wave, we had an impulsive wave from 2222 and its now correcting again. In addition, there seems to be a head and shoulder pattern formed. From around 2185, I anticipate another impulse lower to reach 2124.
GBPNZD has been in consolidation since 24 October. Expect a short move up to tag the resistance. Anticipate the last leg of the ABCD pattern.
US100 may consolidate a bit on the current support level. Thereafter it may make one more leg downside to complete a bigger ABCD pattern.
EU is at a very important level as its retesting the trendline. On 1h time frame the trend looks downside, but the bigger picture is in up trend. If the price does not bounce up now and breaks the trendline to the downside, we may tag the 1.06 area or 1.05 support then go up.
Good day gj just retested the support zone. I therefore will looking for an impulse up to around 187.00 area.
US100 for me looks down. It just completed an ABCD pattern therefore I anticipate a move down, or it may crawl a bit up to the resistance zone before going down. But I am more inclined to the downside from current levels.
The price is at a critical level, might go down to retest the 180.00 level at the support zone.
This one might make one more leg up to complete the correction.
uj is probably finished correcting and might may one more move up.
Gold is at a very important level. Anticipating an inverse head and shoulder formation before breaking up. If it breaks up from the current level, we might see it testing 1730.
A break of trendline to the downside will be a sell. watching closely
Watching gold closely, if it breaks the resistance, we are going up.