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EURUSD 4 HOUR CHART – RELIEF?
The week is starting out with some relief that geopolitical risks have not escalated further. It is like trying to pick up the pieces after a hurricane or tsunami hits your town.
This leaves EURUSD consolidating where 1.0650 seems to be pivotal with no key nearby resistance.
Risk is still pointed down but would need to take out 1.0622 to build further momentum.
Given the one-way move down, use FIBO levels to give some order to the price action using our
Fibonacci Calculator
XAUUSD 4 HOURÂ CHART – GAP OR NOT?
All eyes are on the opening of the new week to see if the geopolitical risk is going to see gaps or if the fallout will be contained.
XAUUSD,is coming off a rough Friday, where a new record high was followed by a $100 plunge.
Let’s look at both sides.
In case of a gap up, only a break of the record high would trigger fresh stops or buying.
On the downside, key support is at 2307-18, which suggests 2300-20 is probably the key zone to keep the downside risk contained.
THIS ARTICLE IN A BLOG IS A MUST-READ AS IT EXPLAINS WHAT TO EXPECT JUST IN CASE DURING THIS GEOPOLITICAL CRISIS
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