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Gold: Shorts At Strong Resistance At 1786/89

Published 12/09/2021, 07:08 AM
Updated 07/09/2023, 06:31 AM

Gold Spot very volatile, up one day, down the next day for a week. Shorts at strong resistance at 1786/89 worked again as we held below 1792, hitting target of 1780/78.

Same levels apply for today.

Silver tests minor resistance at 2248/52 this week.

WTI Crude January edges higher to the next target of 7280 as we look for a test of minor resistance at 7360/7400 today.

AUD/USD sees 3 days of unexpectedly strong gains as we beat our selling opportunity at 7120/40.

NZD/USD we have shorts at 6800/10 with stops above 6830.

AUD/JPY sell at 8155/75, stop above 8200.

USD/JPY tests strong resistance at 113.60/70 but over ran to 113.90.

EUR/JPY reaches our target and strong resistance at 128.80/129.00. Shorts need stops above 129.15.

CAD/JPY shorts at selling opportunity at 8975/90 unfortunately stopped above 9000.

GBP/USD continues lower in the bear trend and we have longs at the buying opportunity at 1.3170/50, stop below 1.3120. 

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