Will be anticipating a continuation from the sellers, as we see the trend is yet to be broken.
Though it will be more safer to wait for a breakout from the minor ascending channel.
Gold will continue its upward movement, the buyers are not letting go for now.
All possible resistance has been tested & boken.
Major/minor resistance turn support.
gbpnzd which has been on a ascending move, just broke the channel, creating numerous top .
Following the chart pattern, we are likely to be on a sell, just as seen on the chart.
After making the move on the previous analysis, I'm currently seeing a little bullish rectangle forming, signaling a little continuation pattern, we hope to see the buyers taking control soon for a while.
Buyers will take the market to 1.618 fib extension level. via the market structure and movement.
last week, the market formed a bullish rectangles pattern , of which it broke on Friday last week.
we will see the market reversing down this week, just as seen in the chart.
