XAUUSD and the comdolls 131007

XAUUSD on the daily tracking the top of the channel resistance. but still not broken out yet. resistance at 1325.30 still holding.

On the weekly, bullish wicks for the past three weeks at key short term support 1274, makes it seem bullish. But candles are still under the 9 KAMA and have bigger bear candles than bull candles.

I am still bearish gold, till upside resistance is taken out at 1325.30. If minor resistance is broken, aim for 1436 as first target with SL below recent lows 1277.

If gold breaks down, comdolls will most likely follow in its weakness.
A look at AUDUSD:

AUDUSD daily have broken the flag and currently retesting the broken TrendLine. Key concern is if it breaks down back into the channel, which will signal a possible false break out. 

Trendline support is now holding on the H4. 0.9280 remains key support with upside potentisl to 0.9440 - 0.9460 as resistance. If candles go for a retest of this resistance and fails, a potential double top will form near term.

Look to short near resistance at 0.9440 - 0.9460, SL 0.9500.

NZDUSD

NZDUSD daily is still above the break out point and sitting in a range. upside potential is 0.8430. Followed by 0.8660. Weekly, daily and H4, it has come down off oversold.

NZDUSD looks trapped within a range in the short term H4. Favour a long at 0.8213 if bullish. Below that bearish as it will signal a failed breakout of a range.

Weekly shows a double harami has formed. A signal for a change in trend?

USDCAD

On the daily still, doing nothing. Longs are favoured above the longer term trendline at 1.0210.

 USDCAD H4 still respecting the channel. Look to go long at support 1.0290.