[Trading Forex daily] Analyze Gold & Forex June 23
Brief analysis of gold trends and some currency pairs on H4 time frame
XAU / USD
After a sharp rebound earlier in the day, the price performed a standard retest with the pinbar and the bullish engulfing set around the 1740 zone on H4. Continue to warn you not to be short in this period, but instead wait for the opportunity to breakout when the price clears above the zone of 1760. Those who have caught the retest yesterday can continue to hold orders. .
USD / JPY
The price is still accumulating around the support of 106.7 and with the amplitude getting narrower, I recall the absence of buying power around this price zone is increasing the possibility of price breaking below the threshold. Continue to observe and hold the short position, supplementing the position when there is a reliable breakdown signal. The short-term target is zone 106.
EUR / USD
Price has reached the upper boundary of the model, short-term opportunities have come, you put SL right on the dashed line, if it is broken we will abandon the view sold by the possibility of completing the wedge model and opening A new rally in the medium term.
GBP / USD
Prices have been adjusted as expected, hope you take profit promptly. Now that the price has made a retest of the previous resistance area, you can consider shortening again because the bearish signal also appears again. The SL can set above the 1.25 zone, the short-term target is the bottom just created.
USD / CAD
Although still in the accumulative price segment, the pressure created by the selling side has become clearer. Today we focus on observing the bottom of 1.35 and ready for a breakdown, you can short when the signal.
AUD / USD
Price is breaking through the channel and the possibility of completing the flag pattern on daily, however, the breakout force is not clear, and there are two strong resistance areas waiting ahead, recommending that you should stay outside with #AUDUSD at this time.