Japanese Candlesticks Analysis 30.11.2020 (GOLD, NZDUSD, GBPUSD)
XAUUSD, “Gold vs US Dollar”
XAUUSD keeps developing descending dynamics. It might form an inverted Hammer near the support level. The reversal pattern might currently lead the pair to a correction. The aim of the pullback is the resistance level of 1805.00. Nonetheless, the quotations might go on declining to the support level of 1740.00, avoiding any signals from reversal patterns.
NZDUSD, “New Zealand vs. US Dollar”
On H4, the pair keeps renewing the highs. Near the resistance level, it has formed several reversal patterns, including a Harami. The signals of the patterns might take the form of a correction to 0.6995. Upon testing the support level, the pair might go on developing the ascending dynamics. The aim of the uptrend is 0.7095.
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the quotations keep developing ascending dynamics. Near the resistance level, the pair has formed several reversal patterns, Harami included, realizing the signals of the candlestick patterns. The aim of further growth is 1.3470. Then the quotations might break through the upper border of the channel and go on growing. However, the price might still pull back to 1.3270 before resuming growth.
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