XAUUSD
Even though XAUUSD had a consolidating week, the bulls came
barraging in and recorded a weekly high of 1818.46 and triggered a Buy signal
before the close of the week.
With a Strength Bar of 90% bullish, we are bound to see gold
going bullish to at least TP3 at 1880.88.
USDCHF
Swissy had a consolidating week. The bears were still in the
market even though the Strength Bar is showing 60% bullish. The active sell
signal has not even tested TP1, let’s see midweek. When a contradictory
situation appears like the above, its better to stay out and watch on the
sidelines.
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