Scottish independence referendum is now the hottest topic on the markets. Next trading days are going to be really dynamic. We can see that already on the charts. Let’s start today’s Price Action Setups Preview. Gold, AUD/JPY and AUD/NZD for today!
AUD/JPY
Cross – which is in clear uptrend – found itself inside an ongoing correction. Currently, AUD/JPY approached key support upper limit and there is a great chance for a rebound. It is worth to observe and look for Price Action sell signals.
AUD/NZD
Also another cross with Australian dollar, which approached important level. It is a strong support, which previously acted as key resistance. As we can see, many times in the past it was a important barrier stopping further price improvements. The same situation may occur now, and going long will be a trend-following move.
XAU/USD
Gold still in the downtrend, which recently gained momentum. Price found itself below early-June low – level should now act as a resistance. Even today, we should look for opportunities to go short (in accordance to trend).
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