Gold’s 730 am Test

AUDUSD Price Analysis Expected ScenarioThe AUDUSD price traded with clear positivity yesterday to test the key resistance 0.6640$, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly and overlaps negatively now.Therefore, the bearish trend scenario will remain active for the upcoming period, which depends…

Daily Pivots: (S1) 1.1629; (P) 1.1656; (R1) 1.1670; More…. Intraday bias in EUR/USD stays mildly on the upside for the moment. Fall from 1.1917 should have completed at 1.1467. Further rise should be seen to 1.1727 resistance first. Firm break there will bring retest of 1.1917 high. Nevertheless, below 1.1590 minor support will mix up…

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday March 24th and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets….

GBP/USD edged higher to 1.3592 last week, but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.3389 support holds. Break of 1.3592 will resume larger up trend to 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will confirm…