GOLD
The quotes entered resistance zone, which covered the correction of 33 to 66% of the last downward impulse. As you can see on the following M30 chart, there was no proper signal for taking a trade.
The decline was dynamic, but so far price didn’t manage to close below last low. Even if this was the case, it would be difficult to have a favorable risk-to-profit ratio. It is therefore better to wait for further developments.
EURGBP
On EURGBP is changing the direction of the short-term trend. Price from last Friday stays over 20-year SMA, and lows and highs are set at higher levels. Today, we are seeing strong growth. If the price action will continue in this way, then it seems sensible to look for buying opportunities after healthy corrections.
EURUSD
I’m still watching, single currency but no signal has been received until now. There is rather a lack of determination as to the further direction. It is possible that the price will be trapped in consolidation between the last low near 1.1695 and the high near 1.1832.
