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ForeCastle

  1. Gold Prices broke 200 SMA to the daily bullish reversal

    by , 05-30-2022 at 08:41 AM
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    Gold prices may continue to recover in the coming days if U.S. economic data worsens and cools bets for a more aggressive Federal Reserve monetary policy outlook.
    The daily price broke 200 SMA for the primary bullish reversal. The price is trying to cross 1,869 resistance line to above for the bullish trend to be continuing.

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  2. Australian Dollar Outlook

    by , 05-29-2022 at 11:36 AM
    The Australian Dollar has a solid fundamental backdrop for now, but external factors continue to bump the currency around. Will AUD/USD take its own path?

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    Daily price was bounced from 0.6828 Fibo support level to above for 0.7145 resistance to becrossed for the bear market rally to be continuing. Alternatively, the price will be on bearish ranging within the levels.

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