Extremely volatile week again, Eur/usd looks for a bearish turn while the Yen is pushing the Euro up. Aud/usd had a nice drop following that large pinbar. We shall see the new week if Aud/usd will breakdown or again push up which is very frustrating for trend traders. Eur/Jpy will be tricky also esp when there is the pinbar but sentiment is still bullish.
Commodities
Gold has given a dramatic plunge (Hurray for gold bears!) Now it has hit the fibonacci support at 38.2% forming a pinbar. Buyers came in to buy physical gold when news reported of gold becoming cheap. This comes to mind, are we looking at a correction or the masses are just chasing fool's gold?
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