SPOT GOLD extends Tuesday’s advance; Fed minutes in focus
Spot Gold was modestly higher on Wednesday and extended recovery from the previous, hitting session high at $1286.
Bulls were so far unable to hold gains and repeating scenario Tuesday’s scenario of quick pullback after hitting new highs.…
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US CRUDE OIL – extended rally cracks key $57.90 barrier
WTI oil rose further on Wednesday, extending bullish acceleration of the previous day and cracked target at $57.90 (08 Nov former top).
Bullish near-term structure was boosted by disruption of Canada – US pipeline and API crude stocks…
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AUDUSD – limited recovery despite bullish signal
The Aussie dollar ticked higher today following positive close on Tuesday which formed bullish outside day but so far without stronger attempts higher.
Extended daily tech signal recovery, with upside attempts being so far capped under…
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USDJPY attacks daily cloud top again
Fresh bearish acceleration on Wednesday pressures again key supports at 111.90 zone (top of rising daily cloud / Fibo 38.2% of 107.31/114.73 ascend), which contained previous attacks last Fri/Mon.
Extension of bear-leg from 112.70 where…
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GBPUSD – daily cloud top continues to limit bulls
Cable maintains firm tone but so far unable to break above daily cloud top and Fibo 38.2% of 1.3655/1.3026 (1.3261/66) which mark key near-term barriers.
Yesterday’s action ended in Doji candle, signaling indecision, but today’s trading is…
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EURUSD – Doji reversal pattern signal further upside
The Euro moved higher on Wednesday, on track to complete Morning Doji Star reversal pattern and signal further recovery.
Fresh bullish extension from correction low at 1.1712 penetrated hourly cloud (spanned between 1.1752 and 1.1771),…
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Loonie is boosted by weak Canadian data but advance remains limited
Bounce off session low at 1.2789 was boosted by downbeat Canadian data (wholesale sales -1.2% in Sep vs 0.3% f/c), with fresh recovery eyeing session high at 1.2836 (the highest since 03 Nov).
Firm bullish structure on daily chart is…
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EURGBP – bears look for full retracement of 0.8791/0.9013 upleg
The cross remains in red on Tuesday, following strong fall on Monday, which broke through plethora of supports, provided by daily MA’s and generated another bearish signal on close below Fibo 61.8% of 0.8791/0.9013 upleg at 0.8876.
Today’s…
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Copper extended recovery pressures key barriers at $3.1053 and $3.1174
Copper extends steep recovery into third day and tests barrier at $3.1053 (falling 20SMA).
Higher base is forming at $3.0324 with recovery being tracked by rising daily cloud and metal’s price supported by firmer China’s housing sector…
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SPOT GOLD is recovering after suffering heavy losses on Monday
Spot Gold price is higher on Tuesday, recovering from low at $1274, posted after Monday’s fall which marks the biggest one-day loss since late September.
Fast bearish acceleration was triggered after repeated rejection at the base of…
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