TRADEWITHBOLU WEEKLY FOREX ANALYSIS FOR GOLD, AUDUSD, US 30 & USDJPY( 19TH DECEMBER — 23RD DECEMBER 2022)
Hey everyone! Welcome to this Tradewithbolu’s weekly Analysis for the week ending December, 23rd 2022. This week, we will be taking a look at 4 Pairs and will be sharing our take on these pairs. These pairs include: GOLD, AUDUSD, US 30 AND USDJPY.
let’s dive in,
Firstly we would be checking out the FOREX Market News to have a heads up on what is in store Fundamentally for this week.
GOLD (XAUUSD)
Price currently broke through a trendline and we see a possible retest of the trendline as long side a resistance zone, we could see Gold price head towards the 1770 zone, with a long term target of 1700.
AUDUSD
Once we see price break the long held support zone, we could see price make a fall all the way to the 0.64500 region.
US 30
We have seen liquidity being grabbed during the previous week rally, we have also marked out a potential resistance zone where we could see price return to then reject from there back to the downside.
USDJPY
If USDJPY breaks above the resistance zone, we expect price to build up much more bullish momentum back to the upside.
Ensure you validate entries with candlestick patterns as extra confirmations
Remember to Apply Proper Risk Management always when Trading. Best of Luck this week in your Trading Journey.
