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This allegedly magic analysis simply tells you to look at naked charts with candlesticks. However, there are 3 main analysis methods when it comes to price action.
Despite FED's hawkish comments on US Dollar, Gold stands strong and is currently advancing in corrective bullish manner around USD1354. The yellow metal may kepp its positive pace until USD1359 resistance is hit.
EUR/USD ran corrective bullish around 1.1183 and expected to remain bullish until hitting resistance, which later will move bearish to support level at 1.1169.
Gold price is back to bullish form as investors are seeking refuge from market volatility and Brexit's impact. The precious metal is expected to remain bullish until USD1348 resistance is hit.
EUR/USD tracked bearish around 1.1159 and expecte to rebound as corrective bullish to resistance level around 1.1230, which later will return bearish.
Gold price advances in corrctive bullish manner around USD1339 after plunging in the wake of strong US Dollar, as market sentiment had supported the currency's index to reach peak.
EUR/USD ran bearish to 1.1133 and expected to remain bearish until hitting resistance level around 1.1092.
Gold price goes back to corrective bullish mode and is forecasted to stay in the sentiment. Rising demand was regarded by analysts as the main driving factor behind the precious metal's confident performance
EUR/USD tracked corrective bullish around 1.1179 and expected to reverse bearish to support level at 1.1125.
After hitting USD1350 level, Gold price changes course to bearish direction. The brief increase was apparently driven by fundamental news that might weigh on US Treasury and FED rate decision
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