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Long

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

Updated

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis Harmonic Patterns Chart Patterns

trendanalysis harmonicpatterns chartpattern

Gold Long

Comment:

Friends during the last a few hours we have seen a change in the market sentiment. BoE report signals a possible rate hike in August and since then all USD crosses are going to fade the hawkish FED tone last Wednesday.

I can see Shooting stars and inverted hammers in all charts. Let’s start with EURUSUD

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Shooting star on DXY and divergence

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Shooting star on equally weighted average and divergence

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Clear rejection of on Nikkei futures

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Oversold Gold

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Equally EURO weighted. See the false breakout of the lows for last a few sessions.

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US yields 2 years, 5 years, 10 years and 30 years all pulled back. See 10 years here

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All bonds also bounced…

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Trade active

Comment:

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