Gold remains in a very important juncture zone

Since March touch of the ATH above 2000. Gold has entered a downtrend and has dropped 3500 pips from that top to 1680 important support.
A recovery followed from this point and now XauUsd is trading 1k pips up in a very important juncture point.
This zone is an important resistance marked by the lows of the first half of the year and the falling trend line zone and a reversal from here would expose 1680 again with interim supports at 1740 and 1715.
On the other hand, a clear-up above 1800 would signal a reversal of the long-term bull trend.
My approach is to wait and see for now.

EurUsd could continue its correction to 1.04 zone

After the short-lived dive under parity, EurUsd has started a 3-week now consolidation between 1.01 and 1.03.
With a solid base now at 1.01, the pair could continue its up correction and test important 1.04 resistance.
I’m bullish as long as 1.01 is intact

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