Hello Traders,
Let’s hit the charts
1. NZD/JPY
On the NZD/JPY we can see an ascending trendline barely able to hold price at a key support level (69.306)
If a breakout is confirmed, we could see price hit the next possible support level (68.195)
If on the other hand we do see price reversing at the present support level, there could be a probability of price revisiting resistance level 71.092
2. XAU/USD (GOLD)
All through the week Gold has been obeying the laws of gravity
Presently we can see price resting on a key support level (1863.72). A breakout means we may see Gold further drop and hit the next possible support level (1793.88), and if a reversal happens, there is also a likelihood that price may retest 1910.48
What do you think?
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