Analyzing Gold on a 4hr chart.
Gold has found a Rejection at 2390 and was on an upward channel for some time now. it has broken the channel today and is headed to the 4 hour FVG above at 2440. Since Price is bullish on higher timeframe, chance is that price would break through the FVG and continue on a bullish path.
there isa slight chance that price might grab...
Analyzing EURUSD on a Daily time frame - Currently EURUSD is in an Ascending Triangle formation. Looking at the previous lower high's the price is most likely to break above and look for a higher level before it bounces back continuing its Weekly/Monthly Downtrend.
Analyzing on daily time frame, XAUUSD is on a resistance level currently. this can also be considered as a shoulder formation of Head & Shoulder pattern. if it breaks above this level, then we might see the price going for the next level which is the all time high level @2440.
If there is a pull back from the current level, then the price might come down to grab...
