Friday Market Review: Gold’s Third Wave, Oil Plunges & New NASDAQ Record
In today’s market review for Friday, May 22, we summarize the movements of this trading week! Weak news regarding the US currency yesterday triggered a predictable decline in the Dollar, opening up excellent buying opportunities across all instruments.
We discussed in detail the superb execution of the long setup on Gold (XAU/USD), where a 3-wave structure worked perfectly on the 1-minute timeframe. Now we are anticipating the development of wave "C" with the potential to break weekly highs! A similar situation is occurring with EUR/USD and GBP/USD — prices have pulled back to the long breakdown zone and are preparing to rise in order to close the week with a solid pin bar.
We also analyzed the breakdown of the bullish trend in Oil (we are looking for sell opportunities upon a retest), the pressure on Bitcoin within a narrow range, and the excellent technicals of the US stock indices. The weakening Dollar is pushing prices upward, and an All-Time High for NASDAQ is just around the corner!
A free consultation with a Personal Trading Consultant. Follow the link, fill out the callback form, and gain access to exclusive offers and special trading conditions.
👉https://ifxpr.com/enconsultations
00:00 INTRODUCTION
00:15 NEWS
00:49 GOLD
02:22 EUR/USD
03:10 GBP/USD
03:33 USD/CAD
03:41 USD/JPY
04:06 OIL
04:25 BTC/USD
04:31 US MARKET
05:06 USD/CHF
05:20 CAD/CHF
05:21 AUD/CAD
05:26 NZD/CHF
05:50 AUD/NZD
05:56 EUR/AUD
06:06 EUR/CAD
06:17 SILVER
www.instaforex.com – reliable Forex broker since 2007
📈 Want to put your knowledge into practice?
🔹 Open a demo account:
👉 https://ifxpr.com/ifxdemo
🔹 Ready to trade on a real account?
👉 https://ifxpr.com/register
#InstaForex #MarketAnalysis #Gold #EURUSD #Silver #Forex #Trading #MarketNews
