The price of gold confirmed the breach of the 1830.00 level after closing last Friday’s trading below it, and completed forming a descending triangular flag pattern that supports the chances of achieving more expected decline during the coming period, aiming to visit the 1800.00 level as a next stop.
Therefore, …
The Australian dollar against the US dollar achieved a clear breakout of the support level of the ascending channel and settled below it, and is approaching forming a double top pattern whose features appear in the image, its confirmation level is at 0.7665, which means that breaking it will confirm …
The pair declined significantly over the past week as the demand for risk assets falls, ahead of Joe Biden’s inauguration and the ECB monetary policy meeting. If the negative sentiment in the markets persists, the pair will be highly likely to resume decline.
Technical side:
The price is located …
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