Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
On H4, the quotations keep narrowing, forming a Triangle. This movement should be interpreted as a correction after a swift uptrend and a divergence. The Triangle is forming around 23.6% Fibo. A breakaway of the lower border of the Triangle may provoke another wave of a deeper decline, which may be aimed at 38.2% (1836.50), 50.0% (1762.92), and 61.8% (1689.50). The resistance is still at 2074.75.
On H1, the quotations, upon declining to the lower border of the pattern, formed a convergence and performed a correctional bounce. By now, the quotations have risen to 23.6% Fibo, and then the growth may continue to 38.2% (1945.30) and 50.0% (1954.30). Breaking away the low of 1916.17, the quotations may form a downtrend.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
USDCHF, “US Dollar vs Swiss Franc”
On H4, upon declining to the long-term level of 38.2% Fibo and a convergence, the market is beginning to grow, correcting the last wave of decline. By now, the quotations have risen to 23.6%,and later on may proceed to 38.2% (0.9210), 50.0% (0.9275), and 61.8% (0.9340). After the pullback, the downtrend will be aiming at breaking away the support line at 0.8998, and may head for the long-term level of 50.0% (0.8706).
On H1, the market is developing a correctional uptrend. Breaking away the last high, the quotations are pulling back to 23.6%, the next aim of the growth being 38.2% (0.9210).
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
- GBP/USD at Month’s Lows: The Outlook Remains Weak Jul 29, 2026
- Crude oil falls below $80 per barrel. Australia sees inflation slowdown Jul 29, 2026
- The US Tech sector hit by sell‑off. Oil prices decline on renewed negotiations Jul 28, 2026
- Gold Declines, Focus on Fed and Falling Oil Prices Jul 28, 2026
- This week will be one of the most crowded for central‑bank meetings Jul 27, 2026
- EUR/USD Ahead of a Key Week: Holding Near Lows Jul 27, 2026
