Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, a local divergence on MACD made XAUUSD complete the ascending wave at 38.2% fibo and start a new pullback to the downside. After the pullback is over, the rising dynamics may resume towards 50.0%, 61.8%, and 76.0% fibo at 1818.15, 1851.32, and 1891.40 respectively. The scenario that implies a further downtrend towards the low at 1676.78 is very unlikely.
In the H1 chart, a convergence on MACD made the pair stop the correctional downtrend at 50.0% fibo and start a new growth. There is a possibility of another descending impulse towards 61.8% fibo at 1752.00 but the key scenario implies a further uptrend to reach the current high at 1797.87.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
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.
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, a convergence on MACD made the pair stop at 61.8% fibo and start a new ascending wave towards the high at 0.9473. Another scenario suggests one more decline to reach 76.0% fibo at 0.9015 but it is very unlikely.
The H1 chart shows potential short-term upside targets after a convergence on MACD – 23.6%, 38.2%, and 50.0% fibo at 0.9173, 0.9230, and 0.9277 respectively. The local support is the low at 0.9080.
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.
- Bitcoin has dropped below $70,000. The Bank of Mexico held its rate at 7% Feb 6, 2026
- Gold Closes with a Decline for the Second Week in a Row: Fewer Risks Feb 6, 2026
- The British Index has hit a new all-time high. Silver has plummeted by 16% Feb 5, 2026
- GBP/USD Under Local Pressure: Focus on Bank of England Signals Feb 5, 2026
- Bitcoin has plummeted to a 14-month low. Silver jumped by more than 10% Feb 4, 2026
- Gold is Back in the Black: Geopolitics Dictates Conditions Again Feb 4, 2026
- US natural gas prices collapsed by 21%. The RBA raised its interest rate by 0.25% Feb 3, 2026
- What goes up must come down… Feb 2, 2026
- Donald Trump appoints a new successor for the Fed chair. Precious metals hit by sell-off Feb 2, 2026
- USDJPY Realises Correction: BOJ Policy Weighs on Yen Feb 2, 2026
