Ichimoku cloud indicator analysis of Gold for September 5, 2018

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Gold price remains inside the longer-term bearish channel. We had some indications for a bounce towards $1,220-30 but price has broken back below the critical $1,200 level. Last chance for bulls is at $1,180. Holding that level could provide bulls with another opportunity for a higher high towards $1,220. Otherwise a break below $1,180 will open the way for a move towards $1,140-$1,110.

Forecast and technical analysis EURUSD on August 30, 2018.

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EURUSD: euro bulls recovered their losses with some help from the pound

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On Wednesday the 29th of August, trading on the euro closed up despite falling during the first half of the day. The main driver for the pair’s growth was an increased appetite for risk among investors, as well as a decline on the dollar which was brought about by a sharp rise on the British pound.

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