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.
USDCAD at decade-long resistance-turn-support. What are prospects of breaking this level in conjunction with second rate hike? Retracement before that?
Keeping an eye on gold miners Barrick Gold ABX, Newmont Mining NEM and Zijin Mining 2899. There is base building. We can see a base in each chart so this could lead to continuation.
Simple forex analysis looking at AUDJPY for long side trade. Reasons #1 – 3 bullish channels, #2 – new 52-week high, #3, attractive positive swap for long position.