Gold - Capped by upper trend channel Short here is a major risk but short term upside may be limited Of course any political commentary can always propel AU through this resistance and form a new inverted channel
USDCAD is presenting a couple of very different senarios at this moment in time Look to US economic activity/Interest rates for indicators or flip a coin for bets at this stage
Two Head and shoulder patterns currently forming on Gold... Waiting for a clean break below 1332.80....
AUDNZD Inverted H & S update On track as of todays response to election result Needs break of 1.07 neckline and resistance Target 1.1100
AUDNZD - Inverted H & S giving target to resistance Successful clearance of todays high would signal a move to 1.1150 area
GOLD - Bull Flag / Trendline Break ?? If this trendline does not hold, looking for a bounce off lower bull flag support and retest of underside of rising trendline 1240 looking like first target
WTI bearish reversal candle @ 64.70 threatens trend A break lower and next ST support level we would be looking for 61.80 Below that 60.00 @ the 200ema may find support