What’s Next with Gold and Euro?
Good day!
The price of single currency formed the pattern resembling a flag. Hence, breaking the upper boundary of this pattern, the currency pair is most likely to jump till the level of 1.1200:
In the daily chart, gold managed to pull from the local downtrend thus signifying potential drop. So far, the asset’s price might drop below the minimum level of previous candle. All in all, gold might drop till the level of 1400.00 yet the supporting level of 1459.13 might slow this drop down:
Should the trading day close with engulfing in the uptrend, the asset’s price might even jump:
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