Hello Traders,
Let’s go straight to our charts…
1. NZD/USD
Since the beginning of the month, price on the NZD/USD has been trying to break the psychological resistance level (0.67243)
Now that we see a compromise of the resistance level, If the daily candlestick closes with a strong bullish confirmation, we may most likely see the bulls take price to the next possible resistance level (0.68147).
2. XAU/USD (GOLD)
Gold lovers, prepare your fishing hooks, as we can see our daily bullish candlestick proving too difficult to for the pennant’s resistance (1421.94) to hold.
If the daily candlestick closes by convincingly wrecking the present resistance level, we could be looking at the price of gold exceeding the 1439.98 resistance level.
If the daily candlestick refuses to close by breaking the pennant’s present resistance level, there is also a possibility that price will range with the pennant.
That said, do have a pip-full day ahead
Your technical analysis is very simple but powerful
Hello Lucas,
Thanks a bunch for the encouragement and kind words.
Hopefully, we will continue to do our best in dishing out more technical analysis in the future