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Gold Disappoints While Oil and Indices Climb Higher and Higher

By:
Tomasz Wiśniewski
Published: Feb 5, 2021, 15:23 UTC

In today’s Traders Edge Market Briefing, Tomasz found these amazing setups we thought you’d find interesting!

Gold Disappoints While Oil and Indices Climb Higher and Higher

In this article:

Gold dropped and is aiming at the 1765 USD/oz level.

Oil, on the other hand, seems to be aiming for the stars.

The DAX is in a bullish engulfing pattern on the weekly chart that looks great for buyers.

The EURUSD has dropped significantly before bouncing. Most likely the price will test the 1.206 resistance level.

The AUDUSD is aiming higher after an inverse head and shoulders pattern.

The USDCHF met a strong horizontal resistance after a nice upswing caused by the iH&S formation.

The NZDCAD is still below the crucial resistance level of 0.923.

The USDCAD in a pennant, waiting for a breakout.

The NZDUSD is in the same situation. The price will potentially see a big move ahead.

The EURGBP has dropped like a rock after the price created a massive head and shoulders pattern.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.

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