Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after breaking 50.0% fibo, the uptrend is approaching 61.8% fibo at 1922.50. At the same time, there is a divergence on MACD, which may hint at a possible descending correction. After finishing it, XAUUSD may start another wave to the upside to reach 76.0% fibo at 1979.00. The key support remains the low at 1676.78.
In the H1 chart, after breaking the consolidation range and the previous high, the asset reached the post-correctional extension area between 138.2% and 161.8% fibo at 1904.35 and 1913.10 respectively. However, this movement was followed by a divergence on MACD and a new decline towards 23.6% fibo. At the moment, the price is growing to reach the high at 1912.73, a rebound from which may lead to another correctional; decline towards 38.2%, 50.0%, and 61.8% fibo at 1873.00, 1860.77, and 1848.38 respectively.
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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, after falling and reaching 76.0% fibo, USDCHF has rebounded from it to start a new correctional uptrend. The possible upside targets are 23.6%, 38.2%, 50.0%, and 61.8% fibo at 0.9058, 0.9139, 0.9202, and 0.9267 respectively. If the asset breaks the support at 0.8930, the instrument may continue falling towards the fractal low at 0.8758.
The H1 chart shows that a new rising wave after a convergence on MACD, which is heading towards 23.6% fibo at 0.9058.
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 Central Bank of Mexico kept its interest rate unchanged. Iran plans to introduce strict bans for US and Israeli vessels in the Strait of Hormuz Aug 7, 2026
- USD/JPY Holds Firm: Yen Loses Some Support Aug 7, 2026
- Australian trade balance returned to positive territory Aug 6, 2026
- Results in Line for Most Reporting Companies Aug 5, 2026
- Stock indices continue to break records. Oil is falling amid intensified diplomatic dialogue between the US and Iran Aug 5, 2026
- USD/JPY Holds Steady After Intervention: Outlook Remains Uncertain Aug 5, 2026
- EUR/USD: Busy Week Ahead Aug 3, 2026
- Positive sentiment in the AI sector supported stock indices. Oil prices remain volatile Aug 3, 2026
- 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
