DAY 9: Gold and GBPUSD update.
We are onto new highs for Gold with the metal testing new highs during earlier sessions. Next price which serves as POI is 2615 which I expect the bulls to challenge during the NY session.
As for GBPUSD we are witnessing a ranging dollar and it seems traders are undecided on whether to push it higher to 115 or continuation of the correction from last week's new high prices of the year at 110.00. I expect the cable to range I'm between last week's low at 1.2100and the new high tested yesterday at 1.23000.
As for GBPUSD we are witnessing a ranging dollar and it seems traders are undecided on whether to push it higher to 115 or continuation of the correction from last week's new high prices of the year at 110.00. I expect the cable to range I'm between last week's low at 1.2100and the new high tested yesterday at 1.23000.
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