Gold & Forex Analysis on 30/11

Good morning, wish you have trading day full of energy and efficiency! Let's continue to comment, market comment on new day - 30/11.

Yesterday night everyone was worried that the FOMC minutes would give the market a shock but things did not go as smoothly as the Federal Reserve showed that it intends to raise interest rates in December.

Today, the US dollar has no news to be influenced but the euro will have news of CPI and CAD will have news about GDP. Especially today is the weekend, coinciding with the end of the month, people remember the transaction carefully.

Brief analysis of gold trends and some currency pairs on the H4 timeframe

XAU / USD

Gold-usd yesterday again test resistance 1228 but can not pass. The trend now is not clear so we should limit this time. In the case of price back deep, you can surf, buy in the 1212 area.

USD / JPY

After rising sharply in the Asian session, the JPY has corrected against the USD in the US session but it can not overcome the MA20. View for today is still buying into the USDJPY as the structure increases.

EUR / USD

We can not find any persuasive reason for buying or selling. Need to wait for the next move to get more clear. If the price breaks above, the head and shoulders pattern will be confirmed, otherwise it will fall into the medium-term downtrend channel.

GBP / USD

Recently GBPUSD is moving in a quite sideways, although not able to create new bottom but wider view, the peak is still lower. The current price is not suitable for action but if it rises above we can sell on a downward momentum.

USD / CAD

The closing price of the CAD yesterday did not change much, currently in the structure increased. Theoretically, we should buy but look on the daily frame this statement is slightly risky. The price may decrease at any time so be careful with the purchase order.

AUD / USD

In spite of all the effort, AUD has not broken 0.733, but the gain is still very good so you can wait for the price when throwback to confluence.