Overview of the market on February 21
Gold:
Gold has risen above the old peak resistance last week but the buying power has disappeared after it was reported that Mr. Biden and Mr. Putin had agreed to talk.
Technical analysis: Candlestick H4 is showing a bearish signal, but the selling force is still not clear. The closing candle body is a doji candle, so we will wait for a sell signal
Forecast: Gold trend still has room to increase but the signal is uncertain so we will not enter the trade for the time being.
EURUSD:
EURUSD bounced back when the USD weakened. The current price zone is at the resistance level and it is possible that the price will have a signal to increase again. However, the uptrend may not be strong
The 1.131 support level is quite sensitive and we will not fomo buy at this time
Forecast: Entry signal may be in this afternoon session
GBPUSD:
GBPUSD is also showing signs of an upside correction but the resistance above the figure still holds.
In the current trend I don't think we should buy GBPUSD
Forecast: price is likely to stay flat, I'm still waiting for a sell signal
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