Will Gold Add Further Gain?
Good day!
In the daily chart, the price of currency pair EUR/USD remains at the broken level of 1.1347, forming the dojis for the third day in a row. Also, a sort of a pennant with a long handle and a small body is forming in the chart. This pattern signifies continuation of the move, so the asset is very likely to reach the level of 1.1570:
Gold broke the upper line of uptrend and pulled back from the broken line and psychological level of 1400.00 with a hammer. In principle, gold might approach the level of 1500.00 anytime soon as the width of the broken trend is very wide. Currently, a flag-like pattern is forming in the chart and it can define the future trend:
New Zealand dollar confidently broke the level of 0.6681 therefore the asset might pull back from the broken level. We assume that the level of 0.6681 can be considered as a double bottom which is slightly bigger compared to the last downtrend:
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