During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
XAU/USD: strong signals to buy the gold
2019-11-11 • Updated
Recommendations:
BUY 1230 SL 1215 TP 1263 TP2 1287 TP3 1305
BUY 1218 SL 1203 TP1 1248 TP2 1263 TP3 1287
On the daily chart of XAU/USD, the pair keeps reaching targets of “Dragon” and “Crab” patterns. To continue the upward movement, pair’s moves should form the “Dragon’s head” and retest the October high.
On H1, the pair has been reaching targets of the “Dragon”, “Spike and ledge”, “Triangle”, and “Bat” patterns. A break of the resistance at 1,230 will let bulls continue the rally. A pullback from the support at 1,218 (88.6% target of the “Bat” pattern) may be used as a signal to buy.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...