Opportunistic Wednesday presents us with GBP/USD & XAU/USD

Hello Traders,

it’s almost mid-week, let’s see what the market has for us…

 

 

1. GBP/USD

GBP/USD had a late bullish start today.

The 2 pm candlestick was the deal breaker for the sellers in the market today.

If the daily candlestick maintains its bullish outlook after 10 pm today, there is every likelihood that more buyers will jump into this pair and further push it to our next possible resistance level (1.26442).

 

 

2. XAU/USD (GOLD)

The Bulls pulling Gold look strong enough to break a key resistance level (1763.04).

If that happens, there is a possibility that price could retest a new resistance level (1788.91) which was last tested 8 years ago.

Waiting for the close of the daily candlestick is key.

 

What are your thoughts?


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