Patternception
XAUUSD Short At the close of the market last week the price was successfully held in the yellow area which is a pretty strong resistance and formed a pinbar.
the area is strong enough to hold the price movements in the previous weeks.
And this give us an opportunity to sell with an initial target of 1493 and a final target of 1485.
AUDUSD Potential Movementprevious analysis :
currently the price is hitting the resistance and forming a bearish butterfly pattern, but I will only focus on finding a buy position.
which is when the price is testing the 38.2-61.8 area which is the default target of the butterfly pattern. the final target is at 78.6 level which conflunce with 1.618 ext