Preliminary analysis of the gold trend and some currency pairs on the H4 time frame

Review the remarkable news situation in the previous session:
* Mr. Trump continues to tweet his message to China: there is an agreement that benefits America or nothing.
* Fed President New York: do not expect interest rates to rise again in the short term, investors should look at low inflation this period is normal.
* Brexit stalemate because: the Conservatives lose much support in the recent poll, pressuring Ms. May to resign and cancel negotiations with increasing opposition parties.

Today the most important news includes:

• China industrial output in Asia session.
• US retail sales and Canadian inflation in the US session.

Preliminary analysis of the gold trend and some currency pairs on the H4 time frame

XAU / USD

After creating the bar bar candle at the beginning of the day, the price has continuously corrected until the end of the US session. A pending order to buy when the retest price has not been activated so we will continue to wait. The downward trend ended on the H1 and H4 frames, but on daily, we have to wait for confirmation so we should only short-term.

USD / JPY

USDJPY has continuously adjusted yesterday but has not been able to penetrate the transition area 109.7. This may be an opportunity to sell out in the current decline but relatively risky because this decline is quite urgent, the safer plan should wait for the price to adjust to 110.2.

EUR / USD

The bearish signal at the beginning of the week was effective, after recovering slightly at the beginning of the session, EURUSD turned down sharply after that. Those who are quick and short can apply a partial exit strategy. If not yet entered, then wait outside for another chance, if the price breaks out the 1.118 zone with strong force, we can consider short when the price retest.

GBP / USD

The mid-long-term uptrend line has broken its price heading towards the lowest level in the last 3 months. There may be a rebound from here but don't hope it will last. Only short-term trading should be done at this time. If you want to shorten, wait for the area of ​​1,287 to be clear.

USD / CAD

Nothing changed significantly on USDCAD so the view did not change, the market still belongs to the sideways traders.

AUD / USD

AUD retained and continued its downward trend, heading to the support level of 0.690, this is a very noticeable price, short orders should exit this area, the high probability market will bottom out here.

http://bit.ly/FxPrimusVietNam