Price just came back to where the BIG BOYS manipulate the market in the last London session and now seemingly short position covered and now they are ready to move the price up and defend their long positions , Will retake long positions here.
GOLD is getting ready to hit 1895, expected to start with LONDON session.
For a Short term analysis, price was aggressively defended below the support area and back to accumulation area. Before determining the next major move, price need to start moving outside this area. Price will now seek liquidity zones and expected to go up to 1.22400. It's a good opportunity for an intraday trade.
Price has been in a down trend for long time. The last wave seems weak, followed by a correction, and now forming an ascending triangle. These two moves indicates that smart money are short covering their positions and now accumulating their long positions to go higher. Price will now seek liquidity and expected to go back to the 1.22700.
AUDCAD just finished a corrective move to the downside and break the pattern upward. Price is now going back and need to be defended in a level where buyers entered aggressively. Price is expected to be defended at 0.93500 and continue its way to 0.94800.
GBPAUD price seems getting acceptance below 1.81900 and rebounding from an important resistance. Price expected now to move down to 1.80400 where liquidity exists.
AUDNZD clearly reversing and getting ready to start an up-trend after making higher highs and higher lows; Moreover, in the daily bar chart, the price is moving in a up-trend channel and reached the bottom. Our target is 1.08500.
In a short term, we can see the bears last breath. And price is getting ready to go up to 0.86700 where the liquidity exist.