Gold Remains in Range!

Good day,
The price of the EUR/USD got back to the 1.2000 level. Now, the asset is trying to pull back from it. Should the price of Euro remain above this level, the asset might jump.

Gold is slowly heading up after hitting the double bottom, targeting the downtrend. So far, gold has the potential to pull from the downtrend and drop.

The price of Australian dollar has repeatedly pulled from the broken flag. Hence, once the asset’s price has approached the broken downtrend for the third time in a row, it might jump. The likelihood is relatively high because there is second broken downtrend right next to the broken flag.

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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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