In today's market review for Thursday, May 21st, we are preparing for a massive block of US Dollar news releasing at 15:30 (Jobless Claims, Philly Fed, and Building data).

The main topic today is a potential massive sweep of short sellers in Gold (XAU/USD). After yesterday's explosive 8,000-point rally, the instrument is perfectly testing the long breakdown zone. We expect a third wave up during the US session to hunt down sellers' stop-losses above the 4589 level! A similar situation is unfolding on EUR/USD: a local upward push is happening to shake out early sellers before the global downtrend continues towards the 1.1400 and 1.13800 targets.
We also analyze the correction in GBP/USD (wait for a 50% Fibonacci retracement before selling), the struggle in USD/JPY around the 160.00 level (looking for a solid short entry), the steady bullish trend in Oil, and a perfect sell signal on Silver thanks to a weekly bearish pin bar.
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00:00 INTRODUCTION
00:15 NEWS
00:49 GOLD
02:22 EUR/USD
03:10 GBP/USD
03:33 USD/CAD
03:41 USD/JPY
04:06 OIL
04:25 BTC/USD
04:31 US MARKET
05:06 USD/CHF
05:20 CAD/CHF
05:21 AUD/CAD
05:26 NZD/CHF
05:50 AUD/NZD
05:56 EUR/AUD
06:06 EUR/CAD
06:17 SILVER

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