AUDUSD Forecast October 4, 2016, Technical Analysis
The AUDUSD pair broke higher during the course of the session on Monday, but gave back more than half of the gains from the early part of the session.
Gold
Gold On Shaky Footing
Gold and silver have started the new trading week, month and quarter on the back foot today. At the time of this writing, gold was trading at $1312 and silver was below $19.00 per troy ounce once again.
Gold Continues To Remain Rangebound
The technical support platform in the $1305 per ounce area came to the rescue of gold once again last week, with five consecutive days of gains, taking the precious metal from the gapped up open of Monday at $1313 per ounce to end the week at $1341.70 on the December contract.
Will The FED Provide The Catalyst For Gold?
As summer transitions into Autumn, there seems to be little change in the sentiment for gold, which continues to remain rangebound on the daily chart, still transfixed within the Brexit candle of late June.
AUDUSD Forecast August 25, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the session here on Wednesday, as we continue to try to build up enough momentum to make a significant move.
AUDUSD Forecast August 10, 2016, Technical Analysis
The AUDUSD pair fell initially during the course of the session on Tuesday, but turned back around to form a hammer as we press up against the massive resistance at the 0.7675 level.
AUDUSD Forecast August 5, 2016, Technical Analysis
The AUDUSD pair rose slightly during the day on Thursday, as we continue to see bullish pressure.
AUDUSD Forecast August 4, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Wednesday, essentially settling on a neutral candle.
AUDUSD Forecast August 3, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Tuesday, crashing into the 0.75 level, and then shooting towards the 0.7650 handle.
AUDUSD Forecast August 2, 2016, Technical Analysis
The AUDUSD pair initially tried to rally during the course of the session on Monday, but turn right back around to form a bit of a shooting star.