In the world of trading, precision and vigilance are key. As we embark on this financial journey, it's essential to stay informed and adapt to the ever-changing landscape of the market. Today, we bring you the latest updates on the US30 setup and the ongoing scrutiny of GOLD and USDCAD.

The US30 Performance

(UPDATE) - US30 has completed the setup.

US30 reached the resistance zone and target around 35000.00 and is currently pushing down. This is to indicate that traders have started to secure profits. As far as the structure and trend on the higher timeframes, US30 is trading within a bullish trend and as such, traders are waiting for the market to trade above the resistance zone before looking for bullish trading opportunities.

The USDCAD Performance

(UPDATE) - USDCAD has dropped +100 pips.

USDCAD is struggling to break above the resistance zone around 1.36572 and has started dropping. The market has broken the lower timeframe structures as well as the ascending channel seen on the H4 timeframe. According to this price action, traders anticipate USDCAD will to the support zone around 1.33670 and as such, will start looking for bearish trading opportunities.

Read More: Traders Are Bearish On Silver

The XAUUSD (GOLD) Performance 

(UPDATE) - GOLD is trading above the support zone.

GOLD broke above the previous resistance zone which traders expect to become a support zone around 1937.00. This price action suggests that the bulls are still interested in buying Gold until the resistance zone is around 1954.00. As such, traders are waiting for the correction to complete before looking for bullish trading opportunities.

Final Thoughts On Today’s Analysis 

In conclusion, the world of trading is a dynamic one, where adaptability and awareness are paramount. The completion of the US30 setup signifies readiness for market action. Simultaneously, the watchful gaze on GOLD and USDCAD demonstrates the importance of diversifying one's portfolio and staying attuned to global economic shifts.