Technical Analysis

The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD.
The daily price is breaking the bullish triagle pattern with resistance level at 0.7012 to above for the daily primary bullish reversal to be started.

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Gold's recent rally stalls as the latest NFP report tempers recession fears for now.
The daily price is on secondary rally within the primary bearish marjet condition: the price is trying to cross resistance level at 1,794 to above for the rally to be continuing and the possible daily bullish reversal to be started.

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The US Dollar is regaining upside moment against the backdrop of Fed hawkishness, quantitative tightening and market volatility. Another tight non-farm payroll report may offer the same.
The daily price of Dollar Index (DXY) is located above Ichimoku cloud in the bullish area of the chart: the price is trying to break the bullish triangle pattern with resistance level at 109.21 to above for the bullish trend to be continuing; alternatively, the price will be on secondary ranging within the primary bullish market condition.

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Fresh data prints coming out of the US may curb the recent rebound in the price of gold as the Consumer Price Index (CPI) is anticipated to show sticky inflation. The daily price is located far below 200 SMA in the bearish area of the chart in the oversold market condition according to Stichastic indicator: the price is ranging within s/r levels waiting for the strong trend to be started for the bearish trend to be continuing or for the secondary bear market rally to be started.

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The gold (XAU/USD) outlook for the coming quarter is a tricky one. At the time of this writing, it is sitting on a major level of support around the 1680/1639 lines. The weekly price is on secondary ranging within the primary bearish market condition for trying to breal 1639 support level tobelow for the bearish trend to be continuing.

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The U.S. dollar rose to its highest value in over 30 years relative to the Japanese yen. The greenback has been showing sustained strength, a development that could reduce demand for assets denominated in the currency, for example cryptocurrencies and stocks.

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AMC stock became a popular meme stock. Now that the phenomenon is over, is it still a buy? Here is what you should know as an investor before adding it to your portfolio.

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Gold prices have stalled in a narrow range within monthly Pivot at 1.886 and S1 Pivot at 1.824.
If the price breaks Mn Pivot to above so the strong daily bullish trend will be continuing. Alternatively, the price will be on secondary ranging near and below monthly/MN Pivot reversal level.

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The article "Improved candlestick pattern recognition illustrated by the example of Doji" dealt with the concept of metabars. In short, a metabar is a conditional combination of several consecutive bars into a large one. This is similar to a bar of a higher timeframe, but not exactly, since the size of the metabar is not fixed (it "floats" in a given range) and there is no binding to a specific start and end time of the bar. Therefore, the use of metabars allows traders to detect various patterns of candlestick analysis much more often.

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