Gold has proved strong in the past few months. Economics experts still talk for further bullish moves on Gold as the pandemic continues to damage the global market and economy in general. This pair has also shown support on the 1900 mark and is re testing it again today. Hoping and predicting that it will continue respecting the current trend line.
Gold tends to be moving in odd ways and not always been able to respect lines. However for the past few days it has been thus have been able to identify possible key areas. The fundamentals show a bearish movement for this week aswell before the market starts consolidating again. Sell positions can be initiated after Support and Resistance or Break and Retest is visible.
EURUSD reaching the trendline support point and also reaching an Even P-line which was previously respected twice. These two in combination with the weekly and monthly confirmations could lead to a reversal. This is to be confirmed after a Price Action showing that the market is consolidating and getting ready for a reversal (e.g.2-4hr Candles)