Similar with my previous analysis for Silver (XAGUSD), Gold (XAUUSD) has been on consolidation mode for days longer than Silver (XAGUSD) has been.
Despite the good number of US GDP data, Gold (XAUUSD) continued to push higher which seems that it is poised to reach the monthly resistance seen around 1,290 area. No forecast for what will happen after reaching the...
For the previous days, Silver (XAGUSD) has been on consolidation mode, and pushed towards the highs of the inside bar despite the good number of US' GDP.
Along the levels where XAGUSD currently is is a messy chart. However, as seen on my 1-hour chart, the commodity is clearly above an ascending channel. Breakage of this channel will only result to few higher...
Last week's last trading day, we've seen the Euro -- after its extensive pushes -- take a rest before any possible strengths to come. Along with this was Yen's upside push due to impressive economic data.
As drawn, which is best viewed at 1-hour chart, we can see that prices have fallen below the 200 sma (I use this as a basis for possible early entry for trend...
