Gold and Forex Analysis on January 14

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

XAU / USD

The price of sideway is now quite clear, the two peaks are forming but the bottom has not been broken so we cannot conclude the uptrend on H4. broken. The lower bracket trading brothers can play in the sideway area, but from H4 or more, it is recommended to wait for a breakout signal before deciding.

USD / JPY

After breaking the trend line, the price started to create a sideways area with a quite large margin. However, the important thing is that the falling structure is still there, so we will wait to sell when the price returns to the sideway boundary of the sideway.

EUR / USD

After an important breakout zone, EURUSD has had two consecutive days of decline and has now retreated to below 1,150 but it is important that it has not penetrated the previously broken long-term trend line. For cautious brothers who can wait for the price to break out of the 1,150 area before buying, if it is more risky, it can be bought when the price reaches the confluence area below.

GBP / USD

The price has broken the long-term downtrend line but needs to wait for a few more candlesticks to see if this is really a break or just a false-break. If the price keeps going up, we will wait to buy when the trend line retest price, if it is false-break, we will continue to sell off.

USD / CAD

With USDCAD, we simply sell in a downtrend. Cautiously, you can sell out when the price of retest the rising trend is broken before, if it is more risky, sell at the closer resistance.

AUD / USD

It is expected that the uptrend will continue and buying is still a priority for this time.