| Gold experienced a volatile trading day, hitting an all-time high of $2146.79 before sharply falling. Despite being below previous swing highs, buyers remain active. The market is now more neutral. |
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AUDUSD bounces off old ceiling (now floor) support and rallies today
2023-11-23
The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far holding the rising 100 hour MA support. Staying above keeps the buyers more in control and will have traders looking toward the 50% midpoint of the move down from the July low at 0.65824. On Tuesday, that midpoint was tested but found willing sellers on the first look.
GBPJPY falls to swing area and 50% retracement of recent move higher. Buyers enter.
2023-11-20
GBPJPY falls to swing area and 50% retracement before bouncing back, indicating potential for further upside movement.
NZDUSD buyers lean against the 100 day MA and bounce the pair higher
2023-11-15
The 100 day MA stalled the fall in trading today in the NZDUSD. That level was broken yesterday, tilting the technical bias more to the upside on the longer term chart. Staying above is important for the buyers today and going forward.
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