Gold made a significant move yesterday, which actually triggered a sell signal. The price broke through the upwards trend line, the lower line of the triangle, and the horizontal support at 1,267 USD/oz. That is quite a lot for a few hours of trading. We’ve currently got a small reversal but this is more likely a correctional movement than a proper pullback or rejection.
The US dollar index broke the upper line of the flag and defended the horizontal support at 92.7 points. This is positive, but we do not have a proper buy signal yet. For that, we need to break the horizontal resistance at 93.5 points.
AUDJPY is combining the weaker-than-expected GDP from Australia with the bearish technical situation. The price broke the lower line of the wedge and then the horizontal support at 85.8. Later, we defended that as a resistance with two nice shooting stars. Finally, today, we got confirmation of the trend with a strong bearish candlestick. According to the principles of price action, we have a sell signal here.