USD/CAD And Gold Update
Hi traders,
USD/CAD saw some weakness yesterday but not for long as this was only wave b of a wave 2 rally which may still reach that important 1.3370/90 resistance area where new turning point may occur; away from the former wave four.
USD/CAD, 1h
GOLD is on the rise, now at first potential resistance, but it's very hard to play this one the short side if the dollar continues to weaken, that's why it is very important to stay patient and wait on confirming price action. That said, a drop back to 1300 would be very strong evidence that corrective recovery is done, and bears in play.
GOLD, 30Min