In this pair, we can see a channel and the price is at the middle of channel. So, it would continue its downward trend and then going up for reaching the resistance zone.
Based on the chart, the price is in a upward channel and it can be an opportunity for a long position. However, due to the increase of gold price and weakness in the USD, passing resistance zone would be hard and it may a trading range or rectangular channel. In my point of view, the downward trend in a long-time trade would be more predictable.
This pair is in an uptrend channel and we can see a pullback to the resistance zone and we predict that the pair will see the higher price. However, the stop loss level should be below the support zone.
