Gold Technical Analysis: Pullback to ascending 5-day MA likely

Gold is currently trading at $1,340, having clocked a high of $1,346.85 yesterday.

On the daily chart, the safe haven yellow metal carved out a doji candle yesterday, signaling indecision/bullish exhaustion. Further, on the 4-hour chart, the RSI has diverged in favor of the bears.

Therefore, the yellow metal could fall back to the ascending 5-day moving average (MA) support, currently lined up $1,335.

Daily chart

4-hour chart

Trend: Minor correction likely

Feb 21, 2019

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AUD/JPY Technical Analysis: 79.80/90 - a tough nut to crack

AUD/JPY daily chart AUD/JPY trades near 79.30 during early Thursday. The pair witnessed pullback from the 79.80-90 region, comprising 100-day simp