Expecting a bigger push to the downside coinciding with a bounce of the weekly trend line creating a new higher low. then finally a big push to the upside with a touch of the ascending trend line creating a new higher high on the daily.
On Friday after a few days consolidating Gold retested a major support level of 1235, i believe this will be attained once more before . Now I am looking for more upward momentum to hit a target of 1265 then eventually 1300. I believe with the stock markets taking a hit the past few week Gold will gain more strength and fulfil the 1300 target.
USD CAD... I'm looking for a break of the upward trend then a retest back to the support of the upward trend. Once that has been achieved I'm confident that 1.2800 will be achieved in the start of the new year.