Brief analysis of gold trends and some currency pairs on H4 time frame
XAU / USD
Gold is showing signs of breaking the resistance of 1560 to continue going up, however, the increase is not too strong, I still hold the view that this is only a re-test phase and still prioritize sell orders. Those who have entered the order at the 1560 area may try to struggle. If there is no order, wait for the signal to decrease around the trend line and short.
USD / JPY
After many consecutive gaining sessions from the beginning of the week, the gaining trend seems to be stopping, but overall, we still prioritize buying orders to follow the uptrend. If you can buy at the good prices below, you can keep the order, if not, then wait for the signal at 109-109.5, note the 109.5 is the MA20 zone on the daily.
EUR / USD
The price has officially broken the bottom of 1.10, maybe many of you are regretful when you previously exited this zone. But the transaction is like that, something should be done. The short side may come back today, but note that the decrease range is not much, so only for short-term trading, it is necessary to place SL closely above the resistance area. The reversal brothers are patiently waiting for the signal at the next support area before long.
GBP / USD
Price fell as expected despite previous bullish signals. The current support is quite wide, so the breakout is not yet clear. If you sold yesterday, you should consider exiting or at least moving SL because there may be some recovery today when the MA20 on weekly is being tested. If there is no order, wait for non-farm or new week.
USD / CAD
The price is persistently accumulating in a narrow range at a high level, of course in the non-farm news tonight it will be broken, the longer it stays at this high price, the less chance of a reversal, although However, at present, I am still inclined to this possibility, selling this price with the existing bearish signals, the RR level is relatively good, but the risk is a bit high that it will be scanned SL, more carefully, wait at the zone. resistance above.
AUD / USD
The buying side has shown weakness after the recovery phase, but if you have an order to buy at a good price, you can still consider holding, your view is that the 0.669 resistance zone is not easily broken. .
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