GOLD Trading Forecast for July 13, 2016Last week, this metal did rally as high as 1375 and is now trading lower.
As long as Gold manages to stay within its channel, price may once again soar up towards 1350-1355 before going down once again.
Tradinganalysis
AUDUSD Trading Forecast for July 13, 2016Aussie price is still correcting and may rally to as high as 0.7700 as long as 0.7575 holds.
A break below that level suggests that this pair already topped at 0.7650.
GBPUSD Trading Forecast for July 7, 2016Price made a decent 5 wave down which has already ended at 1.2795. Ideally, cable may temporarily rise towards its 61.8% retracement at 1.4165 area before downtrend resumes.
EURUSD Trading Forecast for July 7, 2016As long as euro price is contained inside its corrective channel, price might still push up towards 1.1225 area. But a break below 1.0910 may confirm that the trend is once again bearish.
AUDUSD Trading Forecast for July 7, 2016AUDUSD is still correcting sideways inside corrective channel which may push price higher towards 0.7800 area. But when it breaks below 0.7300, bears might be back once again.
CrudeOil Trading Forecast for July 7, 2016Oil has been trading sideways, yet we are bullish where price is anticipated to reach 55-60 area.
GOLD Trading Forecast for July 7, 2016
Gold is seen to push towards 1390-1400 area days from now while awaiting NFP on Friday.
