Since the DXY (Dollar Index) is close to grab liquidity for a push to the upside I have this short idea in mind. Gold broke out of a strong supportive trendline. Price founds his high and we are trying to entry of of a double top or 1900 touch back to the downside.
This is my analysis for EUR/AUD forming a head and shoulders formation. Also trying to retest the trendline to finish up the head and shouders formation. Confirmations: RSI oversold. Support from ealier levels Trendline support Head and shoulders?
Price currently in a rising wedge waiting to break-out to the bottom. We got 3 confirmation here. (resistance, wedge, rsi)
This is my gold analysis for the next week. Price is heading to recent resistances. Let's see if its respect the resistance and if the bears come in.