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GOLD + GBPJPY Week Ahead Analysis 27th May


Gold Weekly Analysis


Gold made a new high this week before pulling back and closing bearish, engulfing last weeks candle


  • USD CB Consumer Confidence on Tuesday

  • USD Prelim GDP q/q on Thursday

  • USD Core PCE Price Index on Friday


I'm anticipating Gold to retest weekly support at some point during the week but remain bullish overall



 


GBPJPY Weekly Analysis

GBPJPY continued bullish and closed above weekly resistance due to hotter than expected CPI


  • No high impact GBP news this week


Anticipating GJ to continue its bullish run and continue its push toward the next weekly resistance


Check out the News Cheat Sheet 27th May for more scenarios

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