EURGBP: (update)

The corrective structure on EURGBP has expanded and is currently forming the last leg before the bullish trend resumes. The market has not changed the bullish bias that traders are anticipating and are keeping a close eye on the current market price for bullish setups.

USOIL: (update)

OIL has gone back to the demand as expected by traders. Structurally the market has to break and close below the demand zone to complete the structure before the bullish trend resumes. A bearish correction will indicate short-term bearish momentum which traders will look to take advantage of before looking for bullish setups.

XAUUSD: (update)

GOLD has been extremely bullish and is approaching the top of the daily structure. The recent price action indicates that the bullish momentum is slowing down which indicates the start of retracement or an overall reversal. At the moment traders anticipate the market to push down to the bottom of the ascending formation and will look for further confirmation.