Market Focus: Gold & USDCAD

พฤษภาคม 27, 2020
by Joseph Jeffriess, Market Analyst

Hi traders, today we take a look at Gold and the USDCAD both lost ground in yesterday’s session as risk market surged. U.S. equities gained but the rallies were not on par with the rallies seen in the FX markets from the AUD, EUR and GBP.

In our market update video, we look at if gold has now confirmed a new trend lower after breaking its uptrend. Could we see a continued extension lower to test the last pattern base at the 1684 area? The USDCAD, after breaking out of its descending triangle pattern will we see sellers confirm the breakout by setting up a new medium-term decline?

Market Analysis Video

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