Friday Asia-Europe Trading Trend Analysis:



( Buy on dips above 5105 ) Bullish targets: 5123-5138-5152

( Sell on rallies below 5090 ) Bearish targets: 5077-5062-5040

As long as the price stays above 5090, the market can be considered in an uptrend. Yesterday's decline attracted many bottom-fishers, leading to today's rebound. Breaking above 5152 is likely to trigger further gains.

Breaking below 5090 signals a potential wave of profit-taking, so selling on rallies is advisable. Breaking below 5040 is likely to extend the downtrend.
$XAU $XAG
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