Weekly charts of NZDUSD, XAUUSD, GBPUSD, USDCNH and WTI ‘big picture’ analysis. Clicks together a story that indicates DXY weakening.
A look at Dollar Index DXY, EURUSD, AUDUSD, NZDUSD, GBPUSD, WTI and XAUUSD. A common theme – a turning point could be showing up soon seeing how these pairs might be at support.
Look at WTI, XAUUSD support and resistance levels, trends. Week 37 2017 latest charts, setups and price action. Also GBPNZD, EURUSD, USDJPY.
4 charts describing markets’ reaction to Kim’s hydrogen bomb test. Gold appreciates. AUDJPY and N225 falls. EWY has elements of a reversal trade.
1328 is an important resistance XAUUSD has to overcome. Above this level, potential to hit maybe $1600 by end of this year and then $1900 by next year.
Traders/investors should be looking at XAUSGD blue zone now. Next step higher. Look for signal i.e. end-of-quarter close above 1800 which is better than best performance (Q3 2016) since 2013.
XAUUSD is setting up a potential breakout if this triangle formation is valid. Gold bulls’ wait could be over soon in this sequence 1. break trend line 2. break strong resistance 3. new high.