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XAUUSD (GOLD)Three scenarios:
1) If the range is 3300-3400 then 3350 is the midpoint and the bias setter.
2)If the bulls are biding their time then 3358 needs to be regained to put 3400 back on the radar.
3)If there is to be a further retracement that turns more serious, 3282 would need to be broken
Current range 3330-60
XAUUSD 4 HOUR CHART
NIO Inc.
I gave you a fair warning last night: We have now third top in place and move down again can easily occur tomorrow.
And what a move – Nio opened with a sizeable gap to the downside, below all the supports and only one left now is at 4.45
If it goes below it, we’ll see at least 4.00 if not 3.60 again…
EURUSD 4H
And here we go – Declining downtrend line at 1.16650 taken out.
Next resistance at 1.17000
After that one, road would be open for attack at 1.18750
Supports: 1.16650, 1.16450 & 1.16250
Even if EUR won’t go above 1.17000 today, but it manages to close above 1.16650 continuation of Bullish trend would go on tomorrow.
What’s hot and what’s not?
What’s hot?
EUR and GBP up vs the USD, others now about flat on the day after falling earlier.,
US stocks are firmer following CPI
What’s not?
The USD after President Trump’s threat to sue Fed Chair Powell put a nail in its rally attempt after the dip on CPI.
US bonds down (yields up)’
GOLD is down, continues to struggle in attempts to regain a bid
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