Gold & Forex Analysis 11/21
Briefly analyze gold and USD / JPY trends on H4 time frame
XAU / USD
Gold has not approached the target price area of 1485-1490, it was sharply adjusted when it was just approaching 1480. The resistance at this price area is not small. However, the price could not fall deeply and recover soon. , this further indicates the possibility of it being broken. Hold the view yesterday, expecting price to approach the 1490 zone.
USD / JPY
Similar to gold, USDJPY also recovered slightly and then dropped again, this move only increased the bearish signal for the pair. The MA20 is still strong and the price zone of 108.4 is being re-tested, keeping the bearish view for the pair, expecting the price to approach the 108 area.
http://www.fxprimus.com/open-an-account?r=38793622®ulator=vu
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