Weekly Outlook 27/01/20 – 31/01/20

 XAUUSD – H4

– We expect XAUUSD to fall by reaching 1566.80 – 1560.18 this week, based on price action movement and Fib. Retracement on 1D TF.


 

 GBPUSD – 1D

GBPUSD recovered to 1.3174 last week but lost momentum since then.
– This week initial bias is neutral. On the upside price actions above 1.3174 will target to 1.3284 closes resistance.
– A break of 1.3284 will target a test on 1.3514 high. On the downside, below 1.3034 will bring retest of 38.2% retracement of 1.1958 support level .


 

 US30 – 1W

– US30 Index just made highest High ever weekly close. This was a bullish sign. However last week’s candlestick was bearish on above-average volatility. – Further downside for short period expected as a price corrections!


 GBPNZD 1D

 – Further downside – Potential target to reach: 1.96300

 


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