XAUUSD
Gold price moved between 3,250 and 3,350 last week. The larger upper resistance is found around 3,434. Let’s see if the gold price will stay within this range next week.
In the mean time, the 50 daily EMA is getting flatter. The range bound may continue.
EURUSD
The EURUSD continue its down move this week, albeit in a limited fashion. The long tail found in H4 shows that the support has been coming in for EUR.
The nearest support now is at 1.165. If it reaches there we will start to look for long entry.
USDJPY
This pair is now cleanly broke above the 50 daily EMA. I believe as long as 149 is not broken, the down trend is still intact.
AUDUSD
AUDUSD is still consolidating in the tight range between 0.652 and 0.659.
This pair is still difficult to trade as there is no obvious trend to ride on.