Gold collapsed below 1900 on Thursday. The commodity seems to be heading toward 1800 according to the 15 October Gold Elliott wave analysis.
Gold has been quite impulsive and volatile with the recent bullish momentum which is currently residing near $2000. Can Gold Break Above $2000
EUR/USD is trading between 1.0770 and 1.1000 levels in 230 pips range during the last 11 trading days. From the technical point of view EUR/USD stays below both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bearish trend..
On Sunday BTC/USD fell more than 1500 USD and almost touched 8000 level. From the technical point of view, the pair stays below both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bearish trend.
On Friday BTC/USD jumped to 10000 level. From the technical point of view, the pair stays above both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bullish trend.
From the technical point of view, the pair stays below both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bearish trend.
EUR/USD touched 1.1 level last Friday, but later retraced to 1.0820 level. From the technical point of view EUR/USD stays below both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bearish trend.
Last Friday XAU/USD fell to 1670 level. but later retracted to 1710 level. From the technical point of view, the pair stays above 50 Moving average (red line), but below 200 Moving Average (dark blue line), which is a sign of uncertainty.
From the technical point of view, the BRN/USD stays below 50 Moving average (red line), but above 200 Moving Average (dark blue line), which is a sign of uncertainty. In case the pair breaks 25 level, I do expect further decline.
Gold breaking below $1700 again did rise a question - is this the end of the bullish gold trend? Covid19 Gold Technical analysis