Ransquawk

USD/CAD – H4 chart is showing very strong declines and so far a slight upward correction. After a temporary rebound it seems that the trend may continue. It is possible that today we will see continuation of yesterday’s declines, and soon we can expect attempts to negate the pin bar from last Friday. In this context, consider PUT option.

GOLD – H4 chart indicate an upward trend. However, in recent days, there has been a strong correction. Currently GOLD price oscillates in the area of clear support resulting from several previous highs. Looking at the earlier course of the trend, it is worth noting that similar levels were generally well respected, and the current correction is quite deep compared to the previous ones. It seems worth considering CALL option.

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