AUD/USD and Gold Analysis
Most Likely Scenario: Short positions below 0.7785 with targets @ 0.77 & 0.7655 in extension.
Alternative scenario: Above 0.7785 look for further upside with 0.7835 & 0.7905 as targets.
Comment: The RSI is badly directed.
Most Likely Scenario: Short positions below 1199 with targets @ 1190.5 & 1185 in extension.
Alternative scenario: Above 1199 look for further upside with 1206.5 & 1213 as targets.
Comment: As long as 1199 is resistance, likely decline to 1190.5.
Source : Fxpro Forex Broker
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