When the macro calendar is not very busy, The White House and Donald Trump keep traders entertained. Every day we do have new interesting things coming out to the press and those are very influential on the markets. We do have a full risk off sentiment right now. USD/JPY goes down, precious metals go up, stocks went lower and the USD is losing the ground.
Gold with the latest upswing managed to break two important horizontal resistances (1235 and 1241 USD/oz), and broke the mid-term down trendline. Now we are fighting on the 38,2% Fibonacci, which has a potential to cause some troubles.
Silver is also doing good. We are having six bullish days in a row and the price managed to come back above the up trendline. What is more, today we broke the horizontal resistance on the 16.85, which is optimistic. Obviously it is a bit too early to go long but first steps to that were made.
GBP/USD is about to make new long-term highs. Price managed to create a corrections equality pattern (~145 pips) and bounced of the horizontal support on the 1.285. Sentiment is positive and the buy signal is still on.