Gold and Forex Analysis on january 10

in #forex5 years ago

Preliminary analysis of the gold trend and some currency pairs on the H4 time frame

XAU / USD

The gold has just broken on the Triangle Pattern at this time frame and is now retesting the old resistance at the top. This area should not buy more brothers and sisters, especially when gold has started to touch the edge of Bollinger Band. I waited for it to return to the bottom I bought, it would be safer.

USD / JPY

USD / JPY started to return to the uptrend and there are 4 consecutive H4 candles, indicating that selling power is quite strong. You can wait for the retest of the confluence areas above to sell down for today.

AUD / USD

A few days now AUD / USD has impressive momentum, do not know if any brothers and sisters do anything? today should not buy AUD / USD today, when the pair is touching the resistance created by the confluence between the resistance and the upper boundary of Bollinger Band.

EUR / USD

EUR / USD had a breakout last night, breaking up strongly at the resistance of 1.1500. The accumulation area below 1.1500 has been maintained for a long time, so a break out of this zone may create a strong trend for EUR / USD. My brothers and sisters wait for the retest to come back to buy it.

GBP / USD

GBP / USD is currently approaching a relatively strong resistance, created by the confluence of the resistance and the upper band of the bollinger band. I can wait to break up on this area and then buy, or wait to buy below.

http://www.fxprimus.com/open-an-account?r=38793622&regulator=vu

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