CURRENCYCOM:OIL_CRUDE
I mentioned that Crude Oil is in a down trend and is going to reach the levels mentioned in my earlier analysis. Here it had its fall and maybe could go for a lower price, lower than $75.
OANDA:XAUUSD
As I was expecting, Gold closely reacted to 1680 level and bounced back up for a small scalp, now it's in a TR phase, where it has to decide whether it's going to create a breakout pullback from the channel, or it's going to break from the downside.
After a lot struggling at the top of the TR to break to the top, it finally made a strong move down as expected and now it's on its way to the price mentioned and maybe even lower than that.
After the last GOLD analysis for the break of the ATH at around $ 1920, now it's in a TR at the end of its cycle. we wait to see what would it do at the bottom.
a prediction of an uptrend for "eurusd"
Dark red lines are weekly (major) support/resistance areas
Red lines are daily (intermediate) support/resistance areas
tp1 and tp2 are the take profit targets which probably will be reached
Dark red lines are weekly (major) support/resistance areas which are the strongest
red lines are daily (intermediate) support/resistance areas
orange lines are minor support/resistance areas
break of each type of area of value guarantees the movement to another area of the same type
gold is moving upwards by a curved trend line which seams like it could break the resistance above and reaches for higher targets after a small correction wave or waves
