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  • Vasily Trader

MarketBreakdown | WTI OIL, GOLD (XAUUSD), USDJPY, EURAUD



Hey traders,

here is a brief technical outlook of 4 peculiar instruments in my watch list.


1️⃣ WTI Crude Oil - 3 days time frame 🛢️


Very surprisingly WTI broke the year's high yesterday.

It looks like buyers are willing to push much higher.


The next historical highs to watch:

85.0

90.0


For buying, I would wait for a pullback first.


2️⃣ Gold ( XAUUSD ) - Daily time frame 🥇


Gold broke and closed above a resistance line of a falling wedge pattern.

This morning we see its retest.

Chances are high to see a bullish reaction soon.


Closest resistance - 1780


3️⃣USDJPY - 3 days time frame


Yen dropped to a major supply zone .

110.45 - 110.8 is the area to look for buying opportunities.

Taking into consideration that the pair is trading in a bullish trend ,

probabilities are on the bulls' side for now.



4️⃣EURAUD - 3 days time frame


The market is trading in a bullish trend .

Reaching 1.643 structure high, the pair is retracing.

Ahead is a major confluence zone:

we see a perfect match between a major rising trend line and horizontal structure support .


From that confluence point, a bullish move will be expected.

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