Technical Analysis

Move above topside channel trend line failed The price of gold is trading off highs but is still higher on the day.  The current price is at $1347 up above $4.55. The high reached $1358.26. The low for the day reached $1341.93. Technically, the pair moved above a topside trend line earlier in the day
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Back above  March lows. Above 38.2% retracement The AUDUSD is trading to news session highs, and in the process has moved above the April low at 0.6987,the March low at 0.7002 and the 38.2% between those levels at 0.6994. The high just traded to 0.7022. The broken levels are now risk for longs.   The next