Gold Weekly Analysis
Gold pulled back from its highs, forming resistance on Monday. Price retested a daily support then formed a higher low at the end of the week
The weekly time frame closed bearish engulfing last weeks candle
USD CB Consumer Confidence on Tuesday
USD ADP + ISM Manufacturing, JOLTS Job Openings + FOMC on Wednesday
USD NFP + ISM Services PMI on Friday
Last FOMC was very bullish for Gold with the FEDs keeping the Interest Rates at 5.50%. With the USD rates forecast set to be the same again on Wednesday I'm anticipating Gold to continue its bullish run
GBPJPY Weekly Analysis
GJ retested weekly support at the beginning of the week, then pushed up breaking last months highs
No high impact news for GJ this week
Anticipate GJ will retest previous key levels and continue bullish, forming bullish structure
Check out the News Cheat Sheet 29th April for more scenarios
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