After a long time high of 131.355, the market forms a huge M formation, and after a huge momentum, I expect price to drop to the 127.216 zone before decelerating to the 121.192 zone, with over 750 pips drop.
Gold has been on a bullish movement throughout the past two weeks, after breaking the 1900.00 zone extending to reach 2050.00 mark.
There is a high weekly resistance at the 2050.00 mark, am expecting price to hit the resistance and likely go back to 1900.00 or possibly 1800.00 to retest to the weekly trend line amd take out the liquidity at the weekly FVG at that...
USDZAR has been in consolidation in that zone for the past week, also forming patterns.
On the the daily time frame we get to nice that the blue/red resistance zone has not been broken with a confirmed bullish structure yet but has provided multiple confirmed bearish structure. In regards to this price is expected to move to the next plotted zone around 15.02713...
