Gold - Completing retracement before continue going southWeekly - Evening Star (Bearish)
Daily - Hammer (Bullish)
The gold had broken several bullish trendline and currently making a continuation to south based on the previous move. However, towards end of Friday trading seesion, price had rejected a resistance become support and currently making a short term retracement to the bearish movement. I'm currently looking at the completion of this retracement prior to making additional short position for gold.
HTS
AU currently at pullback, waiting to go upWeekly - Morning Star with a rejection
Daily - Inside bar after strong bullish maru
H4 - Retracement. Waiting for complete pullback prior to commencing up
The previous short was stop at Break-Even and now we are waiting for complete pullback and that is when we expect AU to go up.
EU continue for short term LongWeekly - Bullish Long Legged Doji. Break high previous close price
Daily - Inside bar. Break out resistance and currently on pull-back
H4 - Higher High created. Waiting for rebounce and price action confirmation at open price of previous bull maru
Based on the above, I will take LONG EUR against USD during trading days this week.