Gold and Forex Analysis on january 11

in #forex5 years ago

Today was the weekend. On weekends, the forex market often has a certain degree of insanity when the day traders close their positions, or the pair has followed a strong trend throughout the week to start a reversal signal because many traders lock word. Brothers and sisters should be careful.

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

Temporary gold failed to penetrate the resistance above, so it has to fall back. Sideway area appears quite clearly. It is expected that today gold will not soon escape from this area

USD / JPY

USD / JPY showed signs of bouncing back after completing the above two peaks. If USD / JPY can retest the peak of the downtrend, it may be an opportunity to sell.

EUR / USD

EUR / USD is on track with your sibling's plan. It returned to the retest of the buy zone that broke the previous day and is rebounding slightly.

GBP / USD

GBP / USD is moving sideways in a narrow range after previous strong gains. You can wait to buy it.

AUD / USD

AUD / USD has appeared a series of small candles after the period of price increase. A downward correction can be made with AUD / USD but it is an opportunity to buy

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

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