Gold remains inside a two-week-old symmetrical triangle but the bulls seem running out of steam of late.
EURUSD again bounces off the monthly low as sellers flirt with a horizontal area surrounding multiple levels marked since April.
GBPUSD fades bounce off yearly low as the cable traders await the UK and the US preliminary PMIs for June.
Gold fades bounce off monthly horizontal support ahead of Fed Chair Jerome Powell’s key testimony.
AUDUSD gyrates inside the one-week-old symmetrical triangle after the RBA Minutes and Governor Philip Lowe’s speech.
EURUSD holds onto its bearish bias, despite bouncing off an immediate support line.
A clear downside break of the fortnight-old support line, favored USDJPY bears in the last few days.
GBPUSD fades the corrective pullback from a two-year low, as well as the 61.8% FE level of late March-May moves.
Gold holds onto Monday’s rising wedge confirmation, suggesting further downside despite bouncing off.
EURUSD dribbles around a monthly low after breaking the six-week-old horizontal support. That said, the downward sloping RSI (14) line.
A clear downside break of the six-week-old horizontal support keeps GBPUSD bears hopeful of further south-run ahead of the US Federal Reserve (Fed) and the Bank of England (BOE) monetary policy meetings.
Gold prices remain sustainably below 200-SMA since late April, pressured inside a three-week-old rising wedge of late.
