Waiting for wedge breakout. In technical term, the possibility of break-down is much higher than break-up. However, current fundamental that supports break-down is quite confuse because China is landing their economy softly while US is just starting up their engine.I just don't sure which factor affect gold price most.
AUDGBP has found some support (demand) at the psychological level of 0.50000. It seems that the demand zone is in control, driving prices higher and invalidating previous resistance (supply). As prices fall back to intermediate demand zones, long trades can be initiated for intra-day traders while position traders may add to positions or adjust positions. AUDGBP...