XAUUSD to new ATH ??Price of Gold is at an important level as the coming weeks are going to decide about the movement for this. If it Breaks the 1880$ mark then soon we can see a new ATH which will break the 2020 record, or if it goes below then going to be bearish mode for few months.
Please Like, share and comment.
Foredsignals
EURUSD - Bullish On the Weekly time-frame, the markets closed with a bullish engulfing, engulfing lastweek's doji-like pattern and the strong bearish candle pattern from last 2 weeks - indicating possible bullishness in the coming week.
On the 4 hourly we see the day close with a hammer or doji. Price is likely to range in the green zone for a while, break into the blue zone range for a while and then finally hit 1.14466 support to form 100% of the previous (7/3/19-20/3/19) leg
USDCHF approaching resistance, potential drop!USDCHF is approaching our first resistance at 1.0082 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur pushing price down to our major support at 1.0019 (100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance and ichimoku cloud is seeing bearish pressure where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.