Gold creates a new all time high

Good evening dynamic traders,

Hope you are all having a good week.

There has been a barrage of high impact news out today and it has no doubt had an impact on the markets today. The price of Gold has made an all time high confidently piercing through previous resistance. Price changed direction in April and has been going up since. Will it continue to hold is the question?














The next chart for discussion is the USDJPY. This chart has been in a downtrend since April this year although it wasn't so easy to determine the trend until recently. The head and shoulders spotted in May has completed and price has been making lower lows and lower highs. Price is now arriving at a previous support level and is currently at a Fib reversal level. If you are already in the trade, good trade management is now required. If not in the trade, one to keep an eye on, a good entry may be available soon.














Good Trading!
Bijal Shah