Gold Bulls Getting Ready

Gold has pulled back after a good run the last few weeks and is now resting on support from the Monthly and Weekly S1 pivot levels. Price action is also suggesting that the 4H 200 SMA is acting as a dynamic level of support meaning this is an excellent area for another move higher. The first long target is @ 1905 followed by 1955 with a dynamic stop 15 points below the 4H 200 SMA (currently @ 1842)

AUDUSD Head and Shoulders

The head and shoulders for this forex pair have been triggered following the rejection of the Weekly pivot. The price targets are 0.763 (Monthly S1) followed by 0.755 (full target). Dynamic stop to be considered 7-10 pips above the 4H 100 SMA (currently @ 0.774)