Eur/Usd and Gold -Technical overview

EUR/USD headed multi-year downtrend on daily
Repo rates unchanged 4% -Makrets showing volatile move during speech
Economic events The Day Ahead 23 Nov
Forex Learning technical analysis-Bollinger Bands-Topic
Gold Sets almost $200 up upto 1437 on Daily Chart


         


          Well the all time favourite currency eurusd still holding uptrend ahead of Brexit uncertainties we recently seen correction from 1.2000 levels .The range is narrowing before break out .As I can see the pair, ahead of Brexit gathered a storm to win in bull side

The Next Levels Key Support &Resistances are


    1.1600    1.1750   1.2050   1.2200  1.2450 


So, as the pair showing less chances to fall the USD also gained weighting with Non Farm Payroll data, decreased unemployment which made confident across consumer to gain strength in it. We will see next about gold.


Gold

Gold After Tax Reforms in US decided to move  lower as it breached trend line ,made Spike and fall back around 30 points from 1275 ,currently gold is holding small support near 1245 but wave C after corrective Wave B up-to 1260 Will Continue towards 1220 levels as Pointed in the chart above .These the next Demand zone near levels 1220 


Key Levels to watch in gold are 1220 1245 1266 1273 1289 1299 I will update further in case changes in it.
For more you could keep enquiring by direct calling me always ready to co operate Thank you.     







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